Larry Mendelson | Chairman and Chief Executive Officer |
Eric Mendelson | Co-President and President, Flight Support Group |
Victor Mendelson | Co-President and President, Electronic Technologies Group |
Carlos Macau | Executive Vice President and Chief Financial Officer |
Robert Spingarn | Credit Suisse |
Eric Ruden | Baird |
Larry Solow | CJS Securities |
Josh Sullivan | The Benchmark Company |
Robert Stallard | Vertical Research |
Ken Herbert | Canaccord |
Noah Poponak | Goldman Sachs |
Sheila Kahyaoglu | Jefferies |
Louis Raffetto | UBS |
Colin Ducharme | Sterling Capital |
Certain statements in today’s 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 the severity, magnitude and duration of the COVID-19 pandemic; HEICO’s liquidity and the amount of timing of cash generation; lower commercial air travel caused by the COVID-19 pandemic and its aftermath; 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 introduce new products and services at profitable pricing levels, which could reduce our sales or sales growth; development or manufacturing difficulties, which could reduce our sales growth, product development or manufacturing difficulties which could increase our product development and manufacturing costs and delay sales; our ability to make acquisitions and achieve operating synergies from acquired businesses; 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 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 statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.