Buffett Favorite Heico Stock Sinks as Electronic Technologies Sales Slip

Investopedia2024-12-18

Key Takeaways Heico set records for revenue, net income, and operating income in the fourth quarter, but overall sales missed estimates, sending shares lower.The results were hurt by falling sales at ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuffett Favorite Heico Stock Sinks as Electronic Technologies Sales Slip\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-18 23:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/buffett-favorite-heico-stock-sinks-as-electronic-technologies-sales-slip-8763325><strong>Investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Takeaways\nHeico set records for revenue, net income, and operating income in the fourth quarter, but overall sales missed estimates, sending shares lower.The results were hurt by falling sales at ...</p>\n\n<a href=\"https://www.investopedia.com/buffett-favorite-heico-stock-sinks-as-electronic-technologies-sales-slip-8763325\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0251142724.SGD","symbol_name":"Fidelity America A-SGD","start_time":0,"source_url":"https://www.investopedia.com/buffett-favorite-heico-stock-sinks-as-electronic-technologies-sales-slip-8763325","article_id":"2492136329","we_media_id":null,"thumbnails":["https://www.investopedia.com/thmb/S04YsQ5CksrWdVIC9o2C4119hno=/3888x2592/filters:no_upscale():max_bytes(150000):strip_icc()/INV_HeicoLogo_GettyImages-1233588030-12e699fe79cf447ca89ee8b996b74ed9.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492136329","pubTimestamp":1734535729,"columns":[],"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"Heico set records for revenue, net income, and operating income in the fourth quarter, but overall sales missed estimates, sending shares lower.The results were hurt by falling sales at the company's Electronic Technologies Group.Warren Buffett's Berkshire Hathaway purchased more than a million shares of Heico in the second quarter.Shares of Heico  tumbled Wednesday, a day after the aircraft parts and electronic equipment provider backed by billionaire investor Warren Buffett reported weaker-than-expected fourth-quarter sales as demand for defense products slid.The company reported revenue rose 8% to a record $1.01 billion, but analysts surveyed by Visible Alpha were looking for $1.04 billion. Net income of $139.7 million and operating income of $218.6 million were also all-time highs. Earnings per share  came in at $0.99, ahead of estimates.Sales fell 2% to $336.2 million at the Electronic Technologies Group. Unit president Victor Mendelson blamed the drop on \"lower defense products n","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0251142724.SGD":"Fidelity America A-SGD","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","BK4581":"高盛持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","BRK.B":"伯克希尔B","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","LU0971096721.USD":"富达环球金融服务 A","BRK.A":"伯克希尔","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","BK4176":"多领域控股","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","BK4187":"航天航空与国防","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4550":"红杉资本持仓","BK4588":"碎股","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","HEI":"海科航空"},"translate_title":"随着电子技术销售下滑，巴菲特最喜欢的Heico股票下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BRK.A":1,"HEI":1,"BRK.B":0.9},"content_text":"Key Takeaways\nHeico set records for revenue, net income, and operating income in the fourth quarter, but overall sales missed estimates, sending shares lower.The results were hurt by falling sales at the company's Electronic Technologies Group.Warren Buffett's Berkshire Hathaway purchased more than a million shares of Heico in the second quarter.\n Shares of Heico (HEI) tumbled Wednesday, a day after the aircraft parts and electronic equipment provider backed by billionaire investor Warren Buffett reported weaker-than-expected fourth-quarter sales as demand for defense products slid.\n\n\n The company reported revenue rose 8% to a record $1.01 billion, but analysts surveyed by Visible Alpha were looking for $1.04 billion. Net income of $139.7 million and operating income of $218.6 million were also all-time highs. Earnings per share (EPS) came in at $0.99, ahead of estimates.   \n\n\n Sales fell 2% to $336.2 million at the Electronic Technologies Group. Unit president Victor Mendelson blamed the drop on \"lower defense products net sales, which are often lumpy, and slightly lower net sales of our other electronics products.\"\n\n\n The Flight Support Group posted a revenue jump of 15% to $691.8 million on higher sales of the firm's aftermarket replacement parts product line, plus contributions from acquisitions it completed in fiscal 2023 and 2024.\n\n\n In the third quarter, Heico also registered a big jump in Flight Support Group sales, while Electronic Technologies Group sales declined.\n\n\n  Buffett's Berkshire Hathaway Had More Than $200M Heico Stake in Q3  \n A security filing showed Buffett's Berkshire Hathaway (BRK.A) purchased 1.04 million shares of Heico in the second quarter, valued at the time at $185.4 million. Heico was the only existing position Buffett added to during the third quarter, bringing his stake to about 1.05 million shares worth over $200 million.\n\n\n Despite falling 8% Wednesday morning, Heico shares are up about 33% year-to-date.\n\n\n \n\n\n\n\n\n \n TradingView\n\nDo you have a news tip for Investopedia reporters? 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