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Heico (HEI) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 29, 2025
Heico (HEI) reported revenue of $1.1B for the second quarter fiscal 2025 (Q2 FY25), +15% from a year earlier and +7% from the quarter before. Operating margin was 22.6%, net earnings $157M (14.3% of revenue).
Heico, Q2 FY25: revenue $1.1B (+15% year over year), operating margin 22.6%, net earnings $157M, operating cash flow $205M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +7% | +15% |
| Operating profit | $248M | +9% | +19% |
| Net earnings | $157M | -7% | +27% |
| Operating cash flow | $205M | +0.8% | +45% |
| Free cash flow | $189M | +2% | +47% |
What changed
Revenue was $1.1B in Q2 FY25, up 15% year over year and up 7% from the previous quarter.
Operating profit was $0.25B, a 22.6% margin (up 0.7 points year over year). Of the extra revenue versus a year earlier, 27% reached operating profit, above the 22% margin then. Total costs grew 14% against revenue growth of 15%. Net earnings were $0.16B, up 27% year over year. The effective tax rate was 21.0%.
Operating cash flow was $0.20B (up 45% year over year), 120% of net income including minority interests. Non-cash charges added back $0.05B of depreciation and amortization. Working capital and other items used $0.01B. Capital expenditures of $0.02B left free cash flow of $0.19B.
Questions
What was Heico's revenue in the second quarter fiscal 2025?
Heico (HEI) reported revenue of $1.1B for the second quarter fiscal 2025 (Q2 FY25), +15% from a year earlier and +7% from the quarter before.
Was Heico profitable in the second quarter fiscal 2025?
Operating profit was $248M (22.6% of revenue) and net earnings $157M.
Source: Heico 10-Q on SEC EDGAR.