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    Pete Lucas • CJS Securities

    Pete Lucas's questions to Stevanato Group SpA (STVN) leadership

    Pete Lucas's questions to Stevanato Group SpA (STVN) leadership • Q4 2024

    Question

    Pete Lucas of CJS Securities, on behalf of Larry Solow, asked about the recovery path for the Engineering segment's operating margins and their potential to return to and exceed mid-teens levels.

    Answer

    CFO Marco Dal Lago confirmed progress, with the segment reaching a 15.3% operating margin in Q4, and stated the goal is to resolve project delays by mid-2025. Chairman and CEO Franco Stevanato added that beyond fixing delays, the company is optimizing the segment's cost structure and footprint to improve efficiency and capture future growth in biologics.

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    Pete Lucas's questions to HEICO Corp (HEI) leadership

    Pete Lucas's questions to HEICO Corp (HEI) leadership • Q1 2025

    Question

    Pete Lucas inquired about the drivers of the Flight Support Group's strong organic growth, asking if it stemmed from deeper penetration with existing customers or expansion to new ones, and questioned the outlook for the segment's high operating margins.

    Answer

    Eric Mendelson, Co-President, confirmed that growth is primarily from deeper market penetration with existing customers who desire more cost-saving solutions. Regarding margins, he expressed reluctance to forecast increases beyond the current 26% EBITA level, despite a consistent upward trend, attributing success to an experienced, efficient team rather than aggressive pricing.

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