HRX.TO - Heroux-Devtek Inc.

Toronto - Toronto Delayed Price. Currency in CAD
10.78
+0.87 (+8.78%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close9.91
Open10.00
Bid10.70 x 0
Ask10.72 x 0
Day's Range10.00 - 10.95
52 Week Range8.56 - 21.64
Volume57,162
Avg. Volume46,485
Market Cap391.985M
Beta (5Y Monthly)1.54
PE Ratio (TTM)11.49
EPS (TTM)0.94
Earnings DateFeb. 05, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateDec. 19, 2012
1y Target Est18.42
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  • CNW Group

    Héroux-Devtek Withdraws Fiscal 2022 Guidance Amid COVID-19 Uncertainty

    LONGUEUIL, QC , April 7, 2020 /CNW Telbec/ - Héroux-Devtek Inc. (TSX: HRX) ("Héroux-Devtek" or the "Corporation"), a leading international manufacturer of aerospace products and the ...

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  • Thomson Reuters StreetEvents

    Edited Transcript of HRX.TO earnings conference call or presentation 6-Feb-20 1:30pm GMT

    Q3 2020 Heroux Devtek Inc Earnings Call

  • Héroux-Devtek Inc. Just Missed Earnings And Its EPS Looked Sad - But Analysts Have Updated Their Models
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  • The Canadian Press

    Heroux-Devtek boosts profits, raises sales guidance following acquisitions

    LONGUEUIL, Que. — Heroux-Devtek Inc. saw recent acquisitions boost sales by nine per cent year over year last quarter, as renewed confidence in its defence division spurred a higher revenue forecast.Last year the company bought landing gear maker Alta Precision and surface treatment provider Tekalia, both based in Montreal.Despite a slight decline in Heroux-Devtek's profit margin, the two companies accounted for the vast majority of growth in revenue, which rose nine per cent year over year to $157.3 million in the quarter ended Dec. 31."When we bought these companies they were in financial difficulty," chief executive Martin Brassard said on a conference call with investors Thursday, noting their lower margins.Since the acquisitions, Heroux-Devtek has implemented cost reduction programs, he said.Net income hit $8.7 million in the third quarter, up from $7.4 million in the same period in 2018.The landing gear manufacturer, based across the St. Lawrence River from Montreal, now expects sales to reach between $600 million and $610 million for its 2020 financial year. The guidance was revised from earlier expectations of $580 million to $600 million.The optimism stems in part from a bolstered backlog of $839 million, a nine per cent increase from the previous quarter that marks a company record.Feeding the backlog are contracts to churn out landing gear for Boeing's F-15 Eagle and F/A-18 Hornet fighter jets and repair and replace it for the U.S. Air Force via a contract with Illinois-based AAR Corp."The backlog increase is more related to the defence side," Brassard said in a phone interview from London, U.K. "It looks like they all have second life."Heroux-Devtek had lost out on the direct air force bid a couple of years ago after holding it for nearly four decades, the CEO said, but regained a portion of that lost income with the AAR subcontract. Recently, Boeing cut its annual orders related to the 777x long-range jetliner nearly in half."So we had two major hits in terms of sales expectations or reductions," Brassard said. "But now we're O.K. We’re growing."The defence unit comprised more than 54 per cent of sales last quarter compared with just under half a year earlier.Analyst Mona Nazir of Laurentian Bank Securities said that Heroux-Devtek is "extremely well-positioned for the coming year," citing the potential for future mergers and acquisitions and a ramp-up in the 777x program."We have seen tremendous progress over the last 12 months," she said in an email.Profits at the Longueil-based company amounted to 24 cents per share, up from 20 cents per share the previous year.On an adjusted basis, Heroux-Devtek earned 24 cents per share, down from 26 cents per share in the same quarter a year earlier due to foreign exchange fluctuations.This report by The Canadian Press was first published Feb. 6, 2020.Companies in this story: (TSX:HRX)Christopher Reynolds, The Canadian Press

  • CNW Group

    Héroux-Devtek Reports Fiscal 2020 Third Quarter Financial Results

    Q3 Financial and Operational Highlights Sales of $157.3 million , up 8.8% from $ 144.5 million last year Operating income of $13.5 million , up 13.1% from $11.9 million last year Adjusted EBITDA 1 of $24.6 ...

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  • CNW Group

    /R E P E A T -- Media Advisory - Héroux-Devtek Announces the Date of its Fiscal 2020 Q3 Conference Call/

    /R E P E A T -- Media Advisory - Héroux-Devtek Announces the Date of its Fiscal 2020 Q3 Conference Call/

  • CNW Group

    Héroux-Devtek congratulates The Boeing Company for the first flight of the 777X

    LONGUEUIL, QC, Jan. 25, 2020 /CNW Telbec/ - Héroux-Devtek Inc. (TSX:HRX.TO - News) congratulates The Boeing Company on a successful first flight for the new 777X airplane. Héroux-Devtek was selected to supply complete landing gear systems for the Boeing 777 and 777X in 2013, including the main and nose landing gear, and the nose landing gear drag strut.

  • CNW Group

    Media Advisory - Héroux-Devtek Announces the Date of its Fiscal 2020 Q3 Conference Call

    LONGUEUIL, QC , Jan. 24, 2020 /CNW Telbec/ - Héroux-Devtek Inc. (TSX: HRX) ("Héroux-Devtek" or the "Corporation"), a leading international manufacturer of aerospace products, will report ...

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  • Are Investors Undervaluing Héroux-Devtek Inc. (TSE:HRX) By 37%?
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