HEICO Corporation (NYSE:HEI) Q4 2023 Earnings Call Transcript

Carlos Macau: Colin, this is Carlos. I don’t know that anything on the horizon is going to change my view on the de-levering. In my mind, we have got almost 10,000 team members and uncountably [ph] number of family members that are attached to those people, and we want to make sure we have a battle hardened company that has a lot of staying power. And so my objective with that in mind is to try and de-lever as quick as possible, so we could de-risk the balance sheet. I will tell you this, I mean at net leverage at 3x, it’s not like we are highly levered. But for me, I would prefer to be back down to historical norms. So, that’s kind of the marching orders into the next couple of years, and we will see how it plays out. I can tell you, we will not miss opportunities that are good for our shareholders as a result of that plan. But the stated goals right now are to continue the thoughts of de-levering. Does that answer your question?

Colin Ducharme: Yes. Thank you.

Carlos Macau: You’re welcome.

Operator: And we will take our next question from Jordan Lines [ph] with Bank of America. Please go ahead. It appears they have disconnected and we have no additional questions at this time.

Laurans Mendelson: Okay. Well, thank you very much. I want to thank everybody who has been listening to this call. I hope we have satisfied you and give you information that you would like, if not, we are available, as you know, give us a call, Eric, Victor, Carlos, myself. And we look forward to speaking to you in the first quarter call, which will be in a few months from now. And we wish all of you a very happy, healthy holiday season, and New Year. And that’s the end of this call.

Operator: Thank you. And this concludes today’s call. Thank you for your participation. You may now disconnect.