HEICO

Speaking on a Q4 earnings call, Heico Flight Support Group President Eric Mendelson said his company continues to see “tremendous” supply chain challenges.

Prime maintenance, repair and overhual assets are being snapped up even as the broader deal-making environment faces challenges.

Investor interest in aviation aftermarket assets has remained steady through a broader slowdown in M&A and is heating up even as high interest rates continue.

Parts-supply specialist Heico is seeing some customers cut back on purchasing, but broader aftermarket demand remains strong amid continued new-equipment delivery struggles.

If there is one aerospace company that has benefited from the current commercial aftermarket super cycle, it is Heico.

Newly public Loar Holdings is buying Applied Avionics of Fort Worth for $385 million in cash.

Times are good for HEICO and its Flight Support Group in particular.

Whether large commercial MRO providers or financial firms focused on aerospace and defense, the appetite for snapping up aftermarket assets is robust.

Large backlogs, a robust air travel market, and recent supply chain disruptions boosting demand for servicing of legacy aircraft bode well for the aftermarket.

HEICO posted company record sales of $936.4 million in its fiscal 2023 fourth quarter (Q4).

Aftermarket stakeholders cite challenges with inflation in the parts market.

Aerospace and electronics company HEICO Corporation had a strong fiscal third quarter.

HEICO Corporation had a strong fiscal third quarter as its revenue rose 27% to a record $722.9 million and operating income increased 16% to $149.4 million.

The aftermarket has seen some big mergers recently, such as Heico’s purchase of Wencor. Editors discuss why mergers are picking up and the outlook for more.

In the wake of supply chain bottlenecks, airlines are turning to used parts and PMA parts.

Heico’s strategy has been affirmed by Fitch Ratings, which gave the PMA parts manufacturer investment grade status with its first rating of the company.

Heico’s acquisition of Wencor, announced May 15, combines two of the largest FAA-approved parts manufacturer approval (PMA) specialists.

Heico Corp. plans to acquire Wencor Group for $2.05 billion by the end of 2023.

Why parts manufacturer approval usage is expanding in aircraft maintenance.

Component MROs are expanding facilities and acquiring new businesses to grow capabilities.