Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Fiscal Year 2020 Fourth Quarter and End of the Year Earnings Results Conference Call. [Operator Instructions] After the speakers presentation there will be a question-and-answer session. [Operator Instructions]
Certain statements in today s call will constitute forward-looking statements, which are subject to risk, 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 and timing of a 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 comp