Sheila Kayalu
Analyst, Jefferies
Replay available
Heico Corporation (NYSE: HEI.A) Q4 2025 earnings conference call, held 2025-12-19. Replay captured from the company's public earnings webcast.

Analyst, Jefferies
Analyst, CJS Securities
Executive Vice President and CFO
Analyst, Bank of America Securities
Co-Chairman and Co-Chief Executive Officer, HEICO
Welcome to the HICO Corporation fourth quarter 2025 financial results call. My name is Samara, and I will be your operator for today's call. Certain statements in this conference 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. Factors that could cause such differences include, among others, the severity, magnitude, and duration of public health threats, such as the COVID-19 pandemic, our liquidity, and the amount and timing of cash generation, lower commercial air travel, airline fleet changes, or airline purchasing decisions, which could cause lower demand for goods and services, product specification costs and requirements, which could cause an increase in our 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. Cybersecurity events or other disruptions of our information technology systems could adversely affect our business. And our ability to make acquisitions, including obtaining any applicable domestic and or foreign governmental approvals and achieve operating synergies from required businesses. Customer credit risk. interest, foreign currency exchange, and income tax rates, and economic conditions, including ...