Laurans Mendelson | Chairman and CEO |
Eric Mendelson | Co-President, HEICO and President, Flight Support Group |
Victor Mendelson | Co-President, HEICO and President, Electronic Technologies Group |
Carlos Macau | EVP and CFO |
Robert Spingarn | Credit Suisse |
Sheila Kahyaoglu | Jefferies |
Gautam Khanna | Cowen & Company |
Louis Raffetto | UBS |
Larry Solow | CJS Securities |
Peter Arment | Baird |
George Godfrey | CLK |
Michael Ciarmoli | SunTrust |
Ken Herbert | Canaccord |
Colin Ducharme | Sterling Capital |
Certain statements in this conference call will constitute forward-looking statements, which are subject to risks, uncertainties and contingencies. HEICO's actual results may differ materially from those expressed in or implied by those forward-looking statements as a result of factors including lower demand for commercial air travel and 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, 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 and manufacturing difficulties, which could increase our product developmental costs and delay sales; our ability to make acquisitions and achieve operating synergies from acquired businesses, customer credit risks, interest, foreign currency exchange and income tax rates; economic conditions within and outside of aviation, defense, space, medical, telecommunications and electronic industries, which could negatively impact our cost and revenues; and defense spending or budget cuts, which could reduce our defense-related revenue. Parties listening to or reading a transcript of this call are encouraged to review all of HEICO’s filings with the Securities and Exchange Commission including, but not limited to, filings on Form 10-K, Form 10-Q and Form 8-K. We undertake no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by applicable law.