Heico Corporation (HEI.A) Q4 2021 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the HICO Corporation Fourth Quarter and Full Year Fiscal 2021 Financial Results Call. My name is Renz and I'll be your operator for today's call. Certain statements in today's call will constitute forward-looking statements which are subject to risks, 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 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 or cost to complete contracts, governmental and regulatory demands, export policies and restrictions, reductions in defense, space or homeland security spending by U.S. and or foreign customers, or competition from existing and new competitors, 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 currency exchange and income tax rates. Economic conditions, including the effects of inflation, within and outside of the aviation, defense, space, medical, telecommunications, and electronics industries, which could negatively impact our costs and revenues, and defense spending ou...