HEICO Corporation (NYSE:HEI) Q1 2024 Earnings Conference Call February 27, 2024 9:00 AM ET
Company Participants
Laurans Mendelson - Chairman & Chief Executive Officer
Eric Mendelson - Co-President & President of Flight Support Group
Victor Mendelson - Co-President & President of Electronic Technologies Group
Carlos Macau - Executive Vice President & Chief Financial Officer
Conference Call Participants
Scott Mikus - Melius Research
Noah Poponak - Goldman Sachs
Scott Deuschle - Deutsche Bank
Larry Solow - CJS Securities
Peter Arment - Baird
Sheila Kahyaoglu - Jefferies
Mariana Perez Mora - Bank of America
Gautam Khanna - TD Cowen
Bert Subin - Stifel
Louis Raffetto - Wolfe Research
Operator
Welcome to the HEICO Corporation First Quarter 2024 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, HEICO's liquidity and the amount and timing of cash generation; lower commercial air travels, 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 creditors 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 electronic 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 statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.