Filing Flows › Heico (HEI) › Q4 FY24
Heico (HEI) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 19, 2024
Heico (HEI) reported revenue of $1.0B for the fourth quarter fiscal 2024 (Q4 FY24), +8% from a year earlier and +2% from the quarter before. Operating margin was 21.6%, net earnings $140M (13.8% of revenue).
Heico, Q4 FY24: revenue $1.0B (+8% year over year), operating margin 21.6%, net earnings $140M, operating cash flow $206M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | +2% | +8% |
| Operating profit | $219M | +1% | +15% |
| Net earnings | $140M | +2% | +35% |
| Operating cash flow | $206M | -4% | +39% |
| Free cash flow | $190M | -4% | +42% |
What changed
Revenue was $1.0B in Q4 FY24, up 8% year over year and up 2% from the previous quarter.
Operating profit was $0.22B, a 21.6% margin (up 1.3 points year over year). Of the extra revenue versus a year earlier, 38% reached operating profit, above the 20% margin then. Total costs grew 6% against revenue growth of 8%. Net earnings were $0.14B, up 35% year over year. The effective tax rate was 17.9%.
Operating cash flow was $0.21B (up 39% year over year), 136% of net income including minority interests. Non-cash charges added back $0.04B of depreciation and amortization. Capital expenditures of $0.02B left free cash flow of $0.19B.
Questions
What was Heico's revenue in the fourth quarter fiscal 2024?
Heico (HEI) reported revenue of $1.0B for the fourth quarter fiscal 2024 (Q4 FY24), +8% from a year earlier and +2% from the quarter before.
Was Heico profitable in the fourth quarter fiscal 2024?
Operating profit was $219M (21.6% of revenue) and net earnings $140M.
Source: Heico 10-K on SEC EDGAR.