| Business Summary | | HEICO
Corporation
is
a
manufacturer
of
Federal
Aviation
Administration-approved
jet
engine
replacement
parts.
It
is
also
a
manufacturer
of
certain
electronic
equipment
for
the
aerospace,
defense
and
electronics
industries.
Through
the
Flight
Support
Group
(FSG),
the
Company
uses
proprietary
technology
to
design,
manufacture
and
sell
jet
engine
replacement
parts
for
sale
at
lower
prices
than
those
manufactured
by
OEMs.
In
addition,
FSG
repairs,
refurbishes
and
overhauls
engine
and
aircraft
components
for
domestic
and
foreign
commercial
air
carriers
and
aircraft
repair
companies,
and
manufactures
thermal
insulation
products
and
related
components
primarily
for
aerospace,
defense
and
commercial
applications.
Through
the
Electronic
Technologies
Group,
the
Company
manufactures
various
types
of
electrical
equipment,
including
electrical
power
supplies,
back-up
power
supplies,
electromagnetic
interference
and
radio
frequency
interference
shielding
and
infrared
simulation
and
test
equipment. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HEI,
through
its
subsidiaries,
is
engaged
in
the
design,
manufacture,
and
sale
of
aerospace
products
and
services
throughout
the
United
States
and
abroad.
For
the
six
months
ended
4/30/01,
revenues
decreased
20%
to
$81.4
million.
Net
income
fell
1%
to
$8.7
million.
Revenues
reflect
the
sale
of
the
Company's
Trilectron
subsidiary.
Net
income
reflects
increased
marketing
and
goodwill
amortization
expenses
and
a
higher
allowance
for
doubtful
accounts. Recent Earnings Announcement For
the
3
months
ended
07/31/2001,
revenues
were
43,845;
after
tax
earnings
were
3,964. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Laurans Mendelson, 62 Chairman,
Pres and CEO | $1.4M | -- | Thomas Irwin, 54 Exec.
VP and CFO | 758K | $141K | Eric Mendelson, 35 VP,
Pres of HEICO Aerospace Holdings Corp. | 782K | -- | Victor Mendelson, 33 VP,
Gen. Counsel, Pres of HEICO Electronic Technologies Corp | 785K | -- | James Reum, 69 Exec.
VP of HEICO Aerospace | 285K | 189K | Dollar
amounts are as of 31-Oct-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|