Heroux-Devtek Inc. (T:HRX)
Business Focus: Aircraft Parts Manufacturing
| Sector: Industrials | Industry: Aerospace & Defense |
| Company Contact | |
| Address: | 600-1111 rue Saint-Charles Ouest O LONGUEUIL QC J4K 5G4 |
| Tel: | N/A |
| Website: | https://www.herouxdevtek.com/en |
| IR: | See website |
| Key People | ||
| Gilles Labbe Executive Chairman of the Board | Martin Brassard President, Chief Executive Officer, Director | Stephane Arsenault Chief Financial Officer, Vice President |
| Dominique Dallaire Vice President, General Manager, Central Region | Daniel Normandin Vice President, General Manager - UK Region | |
| Business Overview |
| Heroux-Devtek Inc. is a Canada-based international manufacturer of aerospace products and landing gear manufacturer. The Company is specialized in the designing, development, manufacture, and repair and overhaul of landing gear, actuation systems and components for the Aerospace market. The Company supplies both the commercial and defense sectors of the Aerospace market with new landing gear systems and components, as well as aftermarket products and services. The Company also manufactures hydraulic systems, fluid filtration systems and electronic enclosures. Approximately 94% of the Company's sales are outside of Canada, including about 61% in the United States. Its geographic markets include Canada, the United States, the United Kingdom, Spain, Rest of Europe and Other countries. |
| Financial Overview |
| For the nine months ended 31 December 2023, Heroux Devtek Inc revenues increased 15% to C$445.7M. Net income increased from C$7.5M to C$17.6M. Revenues reflect Other Countries segment increase of 66% to C$48.1M, United States segment increase of 6% to C$255.2M. Net income benefited from Net non-cash financial expenses decrease of 21% to C$621K (expense), Interest accretion on government authori decrease of 4% to C$2.2M (expense). |
| Employees: | 1,806 as of Mar 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $832.82M as of Dec 31, 2023 |
| Annual revenue (TTM): | $601.69M as of Dec 31, 2023 |
| EBITDA (TTM): | $73.00M as of Dec 31, 2023 |
| Net annual income (TTM): | $23.87M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$34.21M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $216.15M as of Dec 31, 2023 |
| Shares outstanding: | 33,653,570 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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