Q1 2019 HEICO Corp Earnings Call Transcript
Good morning. My name is Felicia, and I'll be your conference operator today. At this time, I would like to welcome everyone to the HEICO Corporation Fiscal Year 2019 First Quarter Earnings Results. (Operator Instructions) Please note that today's call is being recorded.
And 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 cause -- reduce our sales; our ability to
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