HEICO Corporation (NYSE:HEI) Q4 2023 Earnings Conference Call December 19, 2023 9:00 AM ET
Company Participants
Laurans Mendelson - Chairman and Chief Executive Officer
Eric Mendelson - Co-President and President, Flight Support Group
Victor Mendelson - Co-President and President, Electronic Technologies Group
Carlos Macau - Executive Vice President and Chief Financial Officer
Conference Call Participants
Robert Spingarn - Melius Research
Pete Skibitski - Alembic Global
Bert Subin - Stifel
Ken Herbert - RBC
Scott Deuschle - Deutsche Bank
Sheila Kahyaoglu - Jefferies
Michael Ciarmoli - Truist Securities
Gautam Khanna - TD Cowen
Louie DiPalma - William Blair
Larry Solow - CJS Securities
Mariana Perez Mora - Bank of America
Louis Raffetto - Wolfe Research
Colin Ducharme - Sterling Capital
Operator
Welcome to the HEICO Corporation Fourth Quarter Year End 2023 Financial Results Call. My name is Samara, and I’ll be today’s operator.
Certain statements in this conference call will constitute forward-looking statements, which are subject to risks, uncertainties and contingencies. HEICO’s actual results may differ materially from those expressed in or implied by those forward-looking statements. Factors that could cause such differences include the severity, magnitude and duration of public health threats, such as the COVID-19 pandemic or health emergencies; HEICO’s liquidity and the amount and timing of cash generation; lower commercial air travel caused by health emergencies and their aftermath, airline fleet changes or airline purchasing decisions, which could cause lower demand for our goods and services; product specification costs and requirements, which could cause an increase to our cost to complete contracts; governmental and regulatory demands, export policies and restrictions; reductions in defense, space or homeland security spending by U.S. and/or foreign customers or competition from existing and new competitors, which could reduce our sales; our ability to introduce new products and services at profitable pricing levels, which could reduce our sales or sales growth; product development or manufacturing difficulties, which could increase our product development and manufacturing costs and delay sales; our ability to make acquisitions, including obtaining any applicable domestic and/or foreign governmental approvals and achieve operating synergies from acquired businesses; customer credit risk, interest, foreign currency exchange and income tax rates; and economic conditions, including the effects of inflation within and outside of the aviation, defense, space, medical, telecommunications and electronics industries, which could negatively impact our costs and revenues.
Parties listening to this call are encouraged to review all of HEICO’s filings with the Securities and Exchange Commission, including, but not limited to, filings on Form 10-K, Form 10-Q and Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.