Laurans Mendelson | Chairman & CEO |
Eric Mendelson | Co-President & Director |
Victor Mendelson | Co-President & Director |
Carlos Macau | EVP, CFO & Treasurer |
Louis Raffetto | UBS Investment Bank |
Robert Spingarn | Crédit Suisse |
Gregory Konrad | Jefferies |
Peter Arment | Robert W. Baird & Co. |
Kenneth Herbert | Canaccord Genuity Corp. |
Michael Ciarmoli | SunTrust Robinson Humphrey |
George Godfrey | CL King & Associates |
Gautam Khanna | Cowen and Company |
Colin Ducharme | Sterling Capital Management |
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 or 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 costs 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 use 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 development costs and delay sales; our ability to make acquisitions and achieving operating synergies from acquired business; customer credit risk; interest, foreign currency exchange and income tax rates; economic conditions within and outside of the aviation, defense space, medical, telecommunications and electronics industries, which could negatively impact our costs 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.