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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
Tel: N/A
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 fiscal year ended 31 March 2020, Heroux Devtek Inc revenues increased 27% to C$613M. Net loss before extraordinary items totaled C$46.3M vs. income of C$26.4M. Revenues reflect United States segment increase of 26% to C$326.9M, Spain segment increase of 85% to C$48M. Net loss reflects selling and general increase of 22% to C$50.1M (expense), Interest Expense increase of 42% to C$6.3M (expense).
Employees: 1,848 as of Mar 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $606.36M as of Mar 31, 2020
Annual revenue (TTM): $613.00M as of Mar 31, 2020
EBITDA (TTM): $96.67M as of Mar 31, 2020
Net annual income (TTM): -$50.11M as of Mar 31, 2020
Free cash flow (TTM): $31.93M as of Mar 31, 2020
Net Debt Last Fiscal Year: $243.78M as of Mar 31, 2020
Shares outstanding: 36,367,210 as of Apr 1, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization