Héroux-Devtek reports $4.6M Q2 profit, sales up nearly seven per cent from year ago
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$1 per week for 24 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $4.00 plus GST every four weeks. After 24 weeks, price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Winnipeg Free Press access to your Brandon Sun subscription for only
$1 for the first 4 weeks*
*$1 will be added to your next bill. After your 4 weeks access is complete your rate will increase by $0.00 a X percent off the regular rate.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 10/11/2023 (696 days ago), so information in it may no longer be current.
MONTREAL – Aircraft parts maker Héroux-Devtek Inc. says it earned $4.6 million in its latest quarter, down from $4.8 million in the same quarter last year, as its revenue rose nearly seven per cent.
The Quebec-based company says the profit amounted to 14 cents per share for the quarter ended Sept. 30, compared with 14 cents per share a year earlier.
Sales for what was the Héroux-Devtek’s second quarter totalled $141.5 million, up from $132.7 million in the same quarter last year.
The company says civilian sales rose 29.8 per cent to $53.6 million in the quarter, boosted by increased deliveries for the Boeing 777 and Embraer Praetor programs, while defence sales fell 3.8 per cent to $87.9 million due to delayed deliveries for the Boeing F-18 program.
On an adjusted basis, it says it earned 14 cents per share in its latest quarter compared with an adjusted profit of 10 cents per share a year earlier.
Héroux-Devtek specializes in the design, development, manufacture, repair and overhaul of aircraft landing gear.
This report by The Canadian Press was first published Nov. 10, 2023.
Companies in this story: (TSX:HRX)