Héroux-Devtek reports $4.6M Q2 profit, sales up nearly seven per cent from year ago

Advertisement

Advertise with us

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.

Read this article for free:


or

Already have an account? Log in here »

To continue reading, please subscribe:

Subscribe and receive a limited-edition Free Press branded hat or tote.

Digital Subscription

One year of digital access for only $205*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles

*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.

To continue reading, please subscribe:

Add Free Press access to your Brandon Sun subscription for only an additional

$1 for the first 4 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
Start now

*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.

Hey there, time traveller!
This article was published 10/11/2023 (1034 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.

Aircraft parts maker Heroux-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. A Heroux Devtek logo is shown at the company's annual general meeting in Montreal, Thursday, Aug. 2, 2012. THE CANADIAN PRESS/Graham Hughes
Aircraft parts maker Heroux-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. A Heroux Devtek logo is shown at the company's annual general meeting in Montreal, Thursday, Aug. 2, 2012. THE CANADIAN PRESS/Graham Hughes

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)

Report Error Submit a Tip

More Stories

Councillors say Main Street Project scuttles other agency’s efforts to house homeless

Scott Billeck 5 minute read Preview

Councillors say Main Street Project scuttles other agency’s efforts to house homeless

Scott Billeck 5 minute read 6:57 PM CDT

A Winnipeg outreach agency that’s been largely shut out of government funding says it has found housing for more people in the last five months than Manitoba’s homeless strategy that began last year.

Read
6:57 PM CDT

Parts of River Heights hammered by storm

Melissa Martin 5 minute read Preview

Parts of River Heights hammered by storm

Melissa Martin 5 minute read Yesterday at 5:54 PM CDT

A powerful storm cut a swath of destruction through River Heights on Sunday, leaving much of the area without power.

Nobody was hurt in the storm.

By the time it subsided, parts of the quiet neighbourhood, especially Borebank and Lindsay streets between Grant and Taylor, had been ravaged: power lines downed, Manitoba Hydro poles toppled, trees splintered and crashed down on vehicles and homes.

In one case, a vehicle was flipped into a yard and sat under a partially downed tree. Shingles were stripped from roofs. Some residents described looking out during the storm and seeing power lines ablaze and the blue glow of electricity arcing over their backyards.

Read
Yesterday at 5:54 PM CDT

Vita Health Fresh Market nears 90th anniversary in Winnipeg with new St. Vital Square location

Aaron Epp 4 minute read Preview

Vita Health Fresh Market nears 90th anniversary in Winnipeg with new St. Vital Square location

Aaron Epp 4 minute read 7:09 PM CDT

Yogurt, avocados, organic eggs and kefir — when Manja Nyland wants to purchase her favourite items, she visits Vita Health Fresh Market.

“They have healthy food,” she said of the Winnipeg retail chain, which sells wellness products and organic groceries.

Vita Health launched a grand opening celebration on Tuesday for its new store in southeast Winnipeg. Nyland was one of the customers who stopped in.

Located in St. Vital Square at 2-785 Dakota St., the new store replaces a smaller space Vita Health occupied in the same shopping centre for 19 years. At 4,700 square feet, the new store is approximately 60 per cent larger than its predecessor.

Read
7:09 PM CDT

All that glitters … could work here

Editorial 4 minute read Preview

All that glitters … could work here

Editorial 4 minute read 2:00 AM CDT

Sometimes, it’s hard to even suggest a change, because it seems there is always a plethora of people ready to tell you that your idea just won’t work.

Read
2:00 AM CDT

Héroux-Devtek reports $4.6M Q2 profit

The Canadian Press 2 minute read Preview

Héroux-Devtek reports $4.6M Q2 profit

The Canadian Press 2 minute read Friday, Nov. 10, 2023

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.

Read
Friday, Nov. 10, 2023

Puzzles Palace

1 minute read Monday, Jul. 27, 2026

To solve our puzzles, please subscribe with this special offer: |