Heico Corp Class A (NYSE: HEI.A) stock fell 1.2% on 22^nd December, 2020 (as of 11:33 am GMT-5; Source: Google finance) post fourth quarter of FY 20. For the fourth quarter of fiscal 2020, the company reported net income of $62.3 million as compared to $85.7 million in the fourth quarter of fiscal 2019. The Flight Support Group’s net sales have fallen to $924.8 million in the fiscal year ended October 31, 2020, as compared to $1,240.2 million in the fiscal year ended October 31, 2019. The Flight Support Group’s operating income has fallen to $143.1 million in the fiscal year ended October 31, 2020, as compared to $242.0 million in the fiscal year ended October 31, 2019. The Electronic Technologies Group’s net sales rose 8% to a record $258.8 million in the fourth quarter. The Electronic Technologies Group’s operating income rose 14% to a record $73.9 million in the fourth quarter of fiscal 2020.

HEI.A in the fourth quarter of FY 20 has reported the adjusted earnings per share of 45 cents, beating the analysts’ estimates for the adjusted earnings per share of 41 cents. The company had reported the adjusted revenue growth of 35.9 percent to $426.2 million in the fourth quarter of FY 20, beating the analysts’ estimates for revenue of $414.78 million.

Additionally, the company has declared a $.08 per share regular semi-annual cash dividend on both classes of common stock, payable on January 21, 2021 to shareholders of record as of January 7, 2021. The company generated cash flow provided by operating activities of total $110.2 million, or 177% of net income in the fourth quarter of fiscal 2020, as compared to $124.0 million in the fourth quarter of fiscal 2019. The company’s net debt to EBITDA ratio has improved to .71x as of October 31, 2020, down from .93x as of October 31, 2019. During fiscal 2020, the company has successfully completed six acquisitions, four of which were completed since the Pandemic’s start. The company has no significant debt maturities until fiscal 2024. The total debt to shareholders’ equity ratio was 36.8% and 33.2% as of October 31, 2020 and October 31, 2019, respectively. The net debt was of $333.0 million as of October 31, 2020 to shareholders’ equity ratio improved to 16.6% as of October 31, 2020, down from 29.8% as of October 31, 2019.