Heico Corporation (HEI.A) Q2 2021 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.137 Certain statements in today's call will constitute forward-looking statements, 00:00:05.137 -- 00:00:09.902 which are subject to risks, uncertainties, and contingencies. 00:00:09.902 -- 00:00:15.328 High-cost actual results may differ materially from those expressed in or implied 00:00:15.328 -- 00:00:20.393 by those forward-looking statements as a result of factors including 00:00:20.393 -- 00:00:25.579 the severity, magnitude, and duration of the COVID-19 pandemic, 00:00:25.579 -- 00:00:30.338 high-cost liquidity, and the amount of timing of cash generation. 00:00:30.338 -- 00:00:35.906 Lower commercial air travel caused by the COVID-19 pandemic and its aftermath. 00:00:35.906 -- 00:00:41.474 Airline fleet changes or airline purchasing decisions, which could cause lower demand 00:00:41.474 -- 00:00:44.077 for our goods and services. 00:00:44.077 -- 00:00:49.225 Product specification costs and requirements, which could cause an increase to 00:00:49.225 -- 00:00:54.452 our costs to complete contracts, governmental and regulatory demands. 00:00:54.452 -- 00:00:57.256 Export policies and restrictions. 00:00:57.256 -- 00:01:02.931 Reductions in defense. pays for homeland security spending by U.S. 00:01:02.931 -- 00:01:08.060 and or foreign customers or competition from existing 00:01:08.060 -- 00:01:13.229 and new competitors, which could reduce our sales, our ability to introduce new 00:01:13.229 -- 00:01:18.579 products and services at profitable pricing levels, which could reduce 00:01:18.579 -- 00:01:23.900 our sales or sales growth, product development or manufacturing difficulties, 00:01:23.900 -- 00:01:29.186 which could increase our product development and manufacturing costs and delay 00:01:29.186 -- 00:01:34.993 sales. Our a...