Heico Corporation (HEI.A) Q2 2020 Earnings Call

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WEBVTT 00:00:01.583 -- 00:00:06.551 Ladies and gentlemen, thank you for standing by and welcome to the Heichel Corporation 00:00:06.551 -- 00:00:11.438 Fiscal Year 2020 Second Quarter Earnings Results Conference Call. 00:00:11.438 -- 00:00:15.745 Certain statements in this conference call will constitute forward-looking statements, 00:00:15.745 -- 00:00:19.250 which are subject to risks, uncertainties, and contingencies. 00:00:19.250 -- 00:00:24.298 Heichel's actual results may differ materially from those expressed in or implied 00:00:24.298 -- 00:00:29.848 by those forward-looking statements. as a result of factors including the severity, 00:00:29.848 -- 00:00:34.835 magnitude, and duration of the COVID-19 outbreak, high cost liquidity, and the amount 00:00:34.835 -- 00:00:40.263 and timing of cash generation, the continued decline in commercial air travel caused 00:00:40.263 -- 00:00:45.650 by the COVID-19 outbreak, lower demand for commercial air travel or airline 00:00:45.650 -- 00:00:50.357 fleet changes or airline purchasing decisions, which could cause lower demand for air 00:00:50.357 -- 00:00:54.233 goods and services, product specification costs and requirements. 00:00:54.233 -- 00:00:59.178 which could cause an increase to our cost to complete contracts, governmental and regulatory 00:00:59.178 -- 00:01:04.183 demands, export policies and restrictions, reductions in defense, 00:01:04.183 -- 00:01:07.106 space or homeland security spending by U.S. 00:01:07.106 -- 00:01:10.510 and or foreign customers or competition 00:01:10.510 -- 00:01:15.495 from existing and new competitors, which could reduce our sales, our ability to introduce 00:01:15.495 -- 00:01:20.400 new products and services at profitable pricing levels, which could reduce our sales 00:01:20.400...