HEICO Corporation (HEI) Q4 2025 Earnings Call Transcript
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SA Transcripts157.42K FollowersFollow5ShareSaveCommentsQ4: 2025-12-18 Earnings SummaryInsightsTranscript InsightsPlay CallPlay CallEPS of $1.33 beats by $0.11 | Revenue of $1.21B (19.31% Y/Y) beats by $40.37M HEICO Corporation (HEI) Q4 2025 Earnings Call December 19, 2025 9:00 AM EST Company Participants Victor Mendelson - Co-CEO, Co-President & Co-ChairmanEric Mendelson - Co-CEO, Co-President & Co-ChairmanCarlos Macau - Executive VP, CFO & Treasurer Conference Call Participants Lawrence Solow - CJS Securities, Inc.Ronald Epstein - BofA Securities, Research DivisionPeter Arment - Robert W. Baird & Co. Incorporated, Research DivisionKenneth Herbert - RBC Capital Markets, Research DivisionSheila Kahyaoglu - Jefferies LLC, Research DivisionJohn Godyn - Citigroup Inc., Research DivisionNoah Poponak - Goldman Sachs Group, Inc., Research DivisionGeorge Bancroft - Gabelli Funds, LLCJonathan Siegmann - Stifel, Nicolaus & Company, Incorporated, Research DivisionScott Deuschle - Deutsche Bank AG, Research DivisionScott Mikus - Melius Research LLCGavin Parsons - UBS Investment Bank, Research DivisionAlexandra Eleni Mandery - Truist Securities, Inc., Research DivisionGautam Khanna - TD Cowen, Research DivisionCashen Keeler - BNP Paribas, Research DivisionLouis Raffetto - Wolfe Research, LLC Presentation Operator Welcome to the HEICO Corporation Fourth Quarter 2025 Financial Results Call. My name is Samara, and I will be your operator for today's call. 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, among others, the severity, magnitude and duration of public health threats such as the COVID-19 pandemic, our liquidity and the amount and timing of cash generation; lower commercial air travel, airline fleet changes or airline purchasing decisions, which could cause lower demand for goods and services, product specification costs and requirements, which could cause an increase in 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.