HEICO Corporation (0J46.L) Q4 2024 Earnings Report

HEICO reported a solid fourth quarter of 2024, delivering durable top-line growth and margin expansion driven by a favorable demand environment in aerospace aftermarket and defense-related spending. Revenue for QQ4 2024 stood at $1.0137 billion, up 8.3% year over year and 2.2% sequentially, while gross margin rose to approximately 41.7% and operating margins expanded to ~23.6%. Net income was $139.7 million with basic earnings per share of $1.01 (diluted $0.99), reflecting a 35.1% YoY increase in net income and ~2.0% QoQ improvement in EPS. Free cash flow was robust at about $189.5 million, supported by $205.6 million of cash flow from operating activities and modest recurring capital expenditure of $16.1 million, underscoring HEICO’s ability to convert earnings into discretionary cash to fund acquisitions, debt reduction, or share repurchases.