Heroux Devtek Inc
TSX:HRX

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Heroux Devtek Inc
TSX:HRX
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Price: 32.48 CAD
Market Cap: 1.1B CAD

Heroux Devtek Inc
Investor Relations

Héroux-Devtek, Inc. engages in the design, development, manufacture and overhaul of landing gear systems and components. The firm is engaged in the design, development, manufacture, repair and overhaul of aircraft landing gear, hydraulic and electromechanical actuators, custom ball screws and fracture-critical components. The Company’s service offerings include maintenance, repair and overhaul, spares provisioning and supply, warranty administration and support, technical publications, as well as on-site technical support and training. Its product support provides customers with a dedicated team for its range of products. Customers can count on the Company for spare parts availability, world-wide repair services, publications, product support, and issue resolution.

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HRX
S&P TSX Composite Index (Canada)

Earnings Calls

2024 Q4
May 22, 2024
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Strong Fourth Quarter with 18% EBITDA Margin
2024 Q4
May 22, 2024

Heroux-Devtek closed its fiscal year 2024 on a high note with a record-breaking fourth quarter, marking the fourth consecutive quarter of revenue and profitability growth. Sales increased by 18% year-over-year to $184.1 million, driving the EBITDA margin up to 18%, a significant 540 basis point improvement. Civil sales soared by 55%, while defense sales saw a slight increase of 1.1%. For the full year, sales reached $629.8 million, surpassing pre-pandemic levels, with a notable gross profit climb from 14.6% to 21.4% year-over-year. The company boasts a robust backlog of $951 million, indicating a positive outlook amidst a strengthening aerospace market.

Management

Mr. Gilles Labbe F.C.A., FCPA
Executive Chairman of the Board
No Bio Available
Mr. Martin Brassard
President, CEO & Director
No Bio Available
Mr. Stéphane Arsenault C.A., CPA
CFO & VP
No Bio Available
Jean-Philippe Sanche
Vice President of Legal Affairs
No Bio Available
Mr. Jean Gravel
Vice-President of Sales & Program Management
No Bio Available
Mr. Stéphane Rainville
Vice President of HR & Environment
No Bio Available
Mr. Gaétan Roy
Managing Director of UK Runcorn - Landing Gear
No Bio Available
Guinn D. Crousen
President of Progressive Incorporated - Aerostructure Division
No Bio Available
Mr. François Renaud
Corporate Secretary
No Bio Available
Patrick Gagnon
VP & Corporate Controller
No Bio Available

Contacts

Address
QUEBEC
600-1111 rue Saint-Charles Ouest O
Contacts
+14506795450.0
www.herouxdevtek.com