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Heroux-Devtek Inc. (T:HRX)

Business Focus: Aircraft Parts Manufacturing

Sector:  Industrials Industry:  Aerospace & Defense
 
See Regulatory Filings on SEDAR
Company Contact
Address: West Tower
1111 Saint-Charles St W Suite 600
LONGUEUIL QC J4K 5G4
Tel: N/A
Website: www.herouxdevtek.com
IR: See website
Key People
Gilles Labbe
Executive Chairman of the Board
Real Raymond
Chairman of the Board
Martin Brassard
President, Chief Executive Officer
Stephane Arsenault
Chief Financial Officer
Real Belanger
Executive Vice President - Business Development and Special Projects
 
Business Overview
Heroux Devtek Inc is a Canada-based company engaged in the design, development, manufacture, repair and overhaul of landing gear and actuation systems and components for the aerospace market. It manufactures electronic enclosures, heat exchangers and cabinets for airborne radar, electro-optic systems and aircraft controls through its Magtron operations, as well as fluid filters products through its Bolton operations. In the commercial sector, it operates in commercial and business jet, regional aircraft and helicopter markets. On the defense side, it provides parts and services for military aircraft in the United States and Europe. Its facilities are involved in the design and fabrication of landing gear systems and components with the exception of the Toronto facility, which manufactures electronic enclosures, heat exchangers and cabinets for airborne radar, electro-optic systems and aircraft controls, and the Bolton facility, which manufactures fluid filters for aircraft engines.
Financial Overview
For the six months ended 30 September 2019, Heroux Devtek Inc revenues increased 59% to C$288.9M. Net income increased 91% to C$13.1M. Revenues reflect United States segment increase of 39% to C$153.7M, Rest of Europe segment increase from C$7.7M to C$29.7M. Net income benefited from Acquisition-related costs decrease of 50% to C$615K (expense). Basic Earnings per Share excluding Extraordinary Items increased from C$0.19 to C$0.36.
Employees: 1,332 as of Mar 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $913.15M as of Sep 30, 2019
Annual revenue (TTM): $591.39M as of Sep 30, 2019
EBITDA (TTM): $93.57M as of Sep 30, 2019
Net annual income (TTM): $32.71M as of Sep 30, 2019
Free cash flow (TTM): $47.99M as of Sep 30, 2019
Net Debt Last Fiscal Year: $261.77M as of Sep 30, 2019
Shares outstanding: 36,362,210 as of Sep 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization