Last $1.15 USD
Change Today +0.05 / 4.55%
Volume 5.1K
HEII On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

hei inc (HEII) Snapshot

Open
$1.15
Previous Close
$1.10
Day High
$1.15
Day Low
$1.00
52 Week High
09/19/13 - $1.50
52 Week Low
05/2/13 - $0.50
Market Cap
11.0M
Average Volume 10 Days
923.6
EPS TTM
$0.19
Shares Outstanding
9.5M
EX-Date
--
P/E TM
6.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for HEI INC (HEII)

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hei inc (HEII) Details

HEI, Inc. provides contract electronic manufacturing services and solutions worldwide. The company offers rapid prototyping engineering, product design, automation and test, box build manufacturing, distribution, and fulfillment solutions. It provides microelectronic assembly services that include high density, direct chip attach miniaturization solutions, such as services from front end development through full production; flex, rigid-flex, and ceramic substrates that are used as platforms for microelectronic assembly; engineering services for creative technological solutions; lean flow manufacturing; and the development and implementation of a range of test software and hardware solutions. The company also offers medical device manufacturing services comprising the provision of assistance in design, development, validation, and verification services for medical box build products and software interfaces for class I, II, and III medical devices; transitional manufacturing services for medical products; and contract manufacturing and service work for various types of box build products and applications. In addition, it provides automated test equipment services, including automated test equipment business analysis engineering and requirements elicitation, risk identification and mitigation, system engineering and program management, custom electrical and mechanical hardware and software development, and turn-key system integration. Further, the company offers circuit boards, flex and rigid flex substrates, flex/wrap designs, and bondable solutions for flex and rigid flex manufacturing. It primarily serves medical, defense and aerospace, radio frequency communications, sensors, computing, and industrial equipment markets in the United States, Canada, Mexico, Europe, and Asia. HEI, Inc. was founded in 1968 and is headquartered in Victoria, Minnesota.

hei inc (HEII) Top Compensated Officers

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hei inc (HEII) Key Developments

HEI Inc. Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

HEI Inc. announced earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, sales of $8,585,000, compared to $11,426,000 for the fourth quarter of 2012. The company generated a net income of $601,000 compared to a net loss of $245,000 in the fourth quarter of 2012. Sales decreased primarily as a result of lack of follow on orders for the military radio system components in the Victoria division due to delays and reductions in government procurement, which is expected to continue in 2014. Profitability improved primarily as a result of yield and process efficiency improvements in the Victoria division and the Tempe division. For the year, the company reported net sales of $44,778,000 against $40,020,000 a year ago, primarily as a result of increases in the company's Victoria division. Operating income was $2,356,000 against operating loss of $824,000 a year ago. Income before income taxes was $2,040,000 against loss before income taxes of $1,253,000 a year ago. Net income was $1,995,000 against net loss of $1,257,000 a year ago. Diluted earnings per share were $0.18 against diluted loss per share of $0.12 a year ago. Net cash flow provided by operating activities was $3,844,000 against $2,399,000 a year ago, primarily due to the improved profitability as well as significant reductions in inventory as a result of improved inventory management. Additions to property and equipment was $1,287,000 against $1,957,000 a year ago.

HEI, Inc. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 28, 2013

HEI Inc. announced unaudited consolidated financial results for the third quarter and nine months ended September 28, 2013. Sales for the third quarter were $10,659,000, compared to $9,882,000 for the third quarter of 2012. The company generated net income of $70,000 or $0.01 per diluted share for the third quarter of 2013 compared to net loss of $503,000 or $0.05 per diluted share for the same period in 2012. Operating income was $308,000 against operating loss of $392,000 a year ago. Income before income taxes was $96,000 against loss before income taxes of $501,000 a year ago. Sales for the first nine months of 2013 were $36,193,000 compared to $28,595,000 for the first nine months of 2012. The company generated net income of $1,385,000 or $0.13 per diluted share for the first nine months ended September 28, 2013 compared to net loss of $1,012,000 or $0.10 per diluted share for the first nine months of 2012. Operating income was $2,207,000 against operating loss of $737,000 a year ago. Income before income taxes was $1,444,000 against loss before income taxes of $1,009,000 a year ago.

HEI Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 29, 2013

HEI Inc. reported consolidated earnings results for the second quarter and six months ended June 29, 2013. Sales for the second quarter of 2013 were $13,018,000, compared to $9,648,000 for the second quarter of 2012. The company generated a net income of $678,000 or $0.06 diluted per share, compared to a net loss of $351,000 or $0.03 diluted per share for the second quarter of 2012. Sales were up 35% in the second quarter 2013 over the second quarter 2012 as a result of increased sales in the company's Victoria division while the Boulder and Tempe division's sales were comparable to second quarter 2012. Operating income was $1,008,000 against operating loss of $267,000 a year ago. EBIT was $697,000 against LBIT of $352,000 a year ago. Sales for the first six months of 2013 were $25,534,000, compared to $18,713,000 for the first six months of 2012. The company generated a year-to-date net income of $1,314,000 or $0.12 diluted per share for the first six months 2013 compared to a net loss of $508,000 or $0.05 diluted per share for the first six months of 2012. Operating income was $1,898,000 against operating loss of $347,000 a year ago. EBIT was $1,347,000 against LBIT of $509,000 a year ago.

 

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Industry Analysis

HEII

Industry Average

Valuation HEII Industry Range
Price/Earnings 6.2x
Price/Sales 0.3x
Price/Book 2.3x
Price/Cash Flow 6.3x
TEV/Sales -- Not Meaningful
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