Feb. 25 at 10:11 PM
$HEI
Top-Level Results vs. Prior Year (YoY):
• Net income:
$190.2 M, +13% YoY
• Diluted EPS:
$1.35, up from
$1.20
• Net sales:
$1,178.6 M, +14% YoY
• Operating income:
$259.9 M, +15% YoY
• Operating margin: 22.1%, slightly up vs. last year
• EBITDA:
$312.0 M, +14% YoY
All these are record quarterly results with double-digit growth in core metrics.
Segment Performance
• Flight Support Group: sales +15%, operating income +21% (solid organic demand)
• Electronic Technologies Group: net sales +12%, but operating income declined and margin compressed vs. prior year.
Cash & Leverage
• Operating cash flow declined vs. prior year
• Leverage increased: net debt/EBITDA ~1.79x (up from ~1.60x prior)
