Question · Q4 2025
John Goedin asked HEICO to revisit its multi-year aspirational target of 15%-20% net income growth, given recent strong performance, and whether there are any indications of a sharp deceleration in growth rates.
Answer
Eric Mendelson affirmed that the 15%-20% target remains aspirational, with subsidiaries having consistent organic growth targets and a strong acquisition pipeline. Carlos Macau emphasized HEICO's 35-year history of 18% compounded bottom-line growth and stated that no impediments are foreseen for achieving 15%-20% growth over the next three to five years. Victor Mendelson added that HEICO's under-leveraged balance sheet and cash generation provide significant acquisition firepower.
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