Heico Corporation (HEI.A) Q3 2021 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the HICO Corporation Third Quarter Fiscal Earnings Conference Call. My name is Justin and I will be your conference operator for today. Certain statements in today's call will constitute forward-looking statements which are subject to risk, uncertainties, and contingencies. HICO's actual results may differ materially from those expressed in or implied by those forward-looking statements as a result of factors including the severity, magnitude, and duration of the COVID-19 pandemic, high cost liquidity and the amount of and timing of cash generation, lower commercial air travel caused by the COVID-19 pandemic and its aftermath, airline fleet changes or airline purchasing decisions, which could cause lower demand for our goods and services. product specification costs and requirements, which could cause an increase to our cost to complete contracts, governmental and regulatory demands, export policies and restrictions, reduction in defense, space, or homeland security spending by U.S. and or foreign customers or competition from existing and new competitors, which could reduce the which could reduce our sales, our ability to introduce new products and services at profitable pricing levels, which could reduce our sales or sales growth, product development or manufacturing difficulties, which could increase our product development and manufacturing costs and delay sales, our ability to make acquisitions and achieve operating synergies from acquired businesses, customer credit risk, interest, foreign currencies, exchange, and income tax rates, economic conditions, including the effects of inflation within and outside of the aviation, defense, space, medical and telecommunication, and electronic industries, which could negatively impact our costs and revenues, a...