Why Heico Stock Zoomed Nearly 6% Higher Today
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The company set new all-time records for key line items in its latest quarter.Electrical components manufacturer Heico's (HEI +5.81%) stock provided a nice jolt of energy for its investors as the trading week came to an end. The industrial company's share price improved by almost 6% across Friday's session, thanks to record-breaking fiscal fourth-quarter results published after market close Thursday. Fresh all-time highs In the quarter, Heico's net sales increased a robust 19% year-over-year to reach a new all-time high for the company of $1.21 billion. Net income according to generally accepted accounting principles (GAAP) also set a company record, increasing by 35% to $188 million, or $1.33 per share. Image source: Getty Images. Both headline figures comfortably topped the average analyst estimates. The pundit consensus for net sales was $1.17 billion, while that for GAAP net profit was $1.21 per share. Both of Heico's operating segments did very well during the quarter, particularly the larger flight support group. Its net sales soared nearly 21% higher year-over-year to more than $834 million. The electronic technologies group wasn't slacking either, though, with a 14% improvement to almost $385 million. ExpandNYSE: HEIHeicoToday's Change(5.81%) $17.94Current Price$326.67Key Data PointsMarket Cap$43BDay's Range$316.14 - $330.3652wk Range$216.68 - $338.92Volume1.1MAvg Vol336KGross Margin42.23%Dividend Yield0.07% Taking flight In its earnings release, Heico attributed the improvements to a mix of organic growth and contributions from recent acquisitions (like its July purchase of highly specialized aircraft components company Gables Engineering). This shows that the company is effective at selling its more "classic" products while finding complementary businesses to broaden its appeal. Advertisement Although the stock isn't cheap to own, it has quite a compelling business mix and is currently selling into high-growth sectors, primarily aerospace. To me, that makes it feel like a buy. Read NextAug 26, 2025 •By Lou WhitemanWhy Heico Stock Is Up TodayMay 29, 2025 •By Eric VolkmanWhy Heico Stock Eked out a Stock Market Beat on ThursdayMay 28, 2025 •By Lou WhitemanWhy Heico Stock Is Up TodayDec 18, 2024 •By Motley Fool Markets TeamHeico: Q4 EPS Outpaces, Revenue MissesNov 19, 2024 •By Justin PopeWarren Buffett Didn't Buy Many Stocks in Q3. Only the Smartest Investors Know This One.Aug 27, 2024 •By Lou WhitemanWhy Heico Stock Is Falling TodayAbout the AuthorEric Volkman is a contributing Motley Fool finance and stock market analyst. Previously, Eric was an equities analyst at European investment bank Raiffeisen Capital and Investment. He’s also been a freelance finance writer since 1995. He studied at Susquehanna University.TMFVolkmanStocks MentionedHeicoNYSE: HEI$326.67 (+0.06%) $+17.94*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.Advertisement