Last C$10.85 CAD
Change Today -0.05 / -0.46%
Volume 9.9K
HRX On Other Exchanges
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As of 3:01 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

heroux-devtek inc (HRX) Snapshot

Open
C$10.90
Previous Close
C$10.90
Day High
C$10.95
Day Low
C$10.80
52 Week High
05/29/14 - C$12.35
52 Week Low
08/21/13 - C$8.00
Market Cap
389.3M
Average Volume 10 Days
21.8K
EPS TTM
C$0.47
Shares Outstanding
35.9M
EX-Date
12/20/12
P/E TM
23.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for HEROUX-DEVTEK INC (HRX)

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heroux-devtek inc (HRX) Details

Héroux-Devtek Inc. engages in the design, development, manufacture, repair, and overhaul of landing gear systems and components for the commercial and military sectors of the aerospace market primarily in the United States, Europe, and Canada. It offers new landing gear systems and components, as well as aftermarket products and services, including spare parts, and repair and overhaul services. The company also provides parts and services for major military aircraft in the United States and Europe. In addition, it manufactures electronic enclosures, heat exchangers and cabinets for airborne radar, electro-optic systems, and aircraft controls; provides fluid filters for aircraft engines; and designs, engineers, and manufactures landing gear, and hydraulics and assemblies for original equipment manufacturer and aftermarket applications. Further, it serves large commercial and business jet, regional aircraft, and helicopter markets in the commercial sector. Héroux-Devtek Inc. sells its products primarily to original equipment manufacturers and second-tier system suppliers, as well as US Air Force, U.S. Navy, Canadian Air Force, and NATO countries. The company was formerly known as Heroux Inc. and changed its name to Héroux-Devtek Inc. in 2000. Héroux-Devtek Inc. was founded in 1942 and is headquartered in Longueuil, Canada.

Founded in 1942

heroux-devtek inc (HRX) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$430.8K
Chief Financial Officer
Total Annual Compensation: C$194.2K
Executive Vice-President of Business Developm...
Total Annual Compensation: C$291.6K
Vice-President of Landing Gear Division and G...
Total Annual Compensation: C$291.5K
Vice-President and Longueuil Plant Manager
Total Annual Compensation: C$185.9K
Compensation as of Fiscal Year 2014.

heroux-devtek inc (HRX) Key Developments

Héroux-Devtek Inc. Renews Important Contract with Bell Helicopter for Manufacturing of Components and Assemblies for Several Helicopter Programs

Héroux-Devtek Inc. announced that it has renewed an important multi-year contract with Bell Helicopter for the manufacturing of components and assemblies for several helicopter programs. Under the terms of the agreement, Héroux-Devtek will manufacture the main rotor hub and the tail rotor hub for the new Bell 505 Jet Ranger X, as well as for the 206B and 206L helicopter models. Héroux-Devtek will also manufacture tail rotor hubs, as well as other drive system components, for the 212, 407 and 412 aircraft. The contract renewal spans a five-year period ranging from calendar year 2015 through calendar year 2019 and calls for the production of components for new aircraft and the aftermarket. Based on current program expectations, the total value of this multi-year agreement could exceed $46 million. The renewal of this important multi-year contract broadens the scope of Héroux-Devtek's longstanding relationship with Bell Helicopter to include the new 505 Jet Ranger X aircraft.

Héroux-Devtek Announces the Renewal of a Contract to Manufacture the Landing Gear for the Viking Series 400 Twin Otter

Héroux-Devtek Inc. announced that it has renewed a contract with Viking Air Limited of Victoria, British Columbia for the fabrication of the nose landing gear for the Twin Otter Series 400 aircraft. The renewal extends the current agreement through the end of calendar year 2018 and also includes the production of aftermarket components. Based on current program expectations, this multi-year agreement could have a total value of approximately $20 million.

Heroux-Devtek Inc. Announces Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended March 31, 2014; Provides Financial Guidance for Fiscal 2015

Heroux-Devtek Inc. announced audited consolidated earnings results for the fourth quarter and year ended March 31, 2014. For the quarter, the company reported sales from continuing operations was CAD 91,212,000 compared to CAD 73,816,000 for the same period of last year. Adjusted EBITDA from continuing operations was CAD 13,249,000 compared to CAD 10,031,000 for the same period of last year. Net income from continuing operations was CAD 1,230,000 against CAD 4,599,000 a year ago. Diluted earnings per share from continuing operations were CAD 0.04 against CAD 0.15 a year ago. Adjusted net income from continuing operations was CAD 5,953,000 or CAD 0.19 per diluted share against CAD 4,599,000 or CAD 0.15 per diluted share a year ago. For the year, the company reported sales from continuing operations was CAD 272,034,000 compared to CAD 257,022,000 for the same period of last year. Adjusted EBITDA from continuing operations was CAD 35,800,000 compared to CAD 32,963,000 for the same period of last year. Net income from continuing operations was CAD 9,236,000 against CAD 13,406,000 a year ago. Diluted earnings per share from continuing operations were CAD 0.29 against CAD 0.43 a year ago. Adjusted net income from continuing operations was CAD 15,258,000 or CAD 0.48 per diluted share against CAD 13,406,000 or CAD 0.43 per diluted share a year ago. Net debt position was CAD 103.1 million at the end of fiscal 2014, while net debt-to-equity ratio was 0.43. The company provided tax rate guidance for fiscal 2015. The company expected corporation tax rate is more around 26.7%. In U.K. the current tax rate was 22%, but it's going down to 21% in express carrier, and then 20%. So considering the permanent difference that it has year after year, the combined tax rate will be in the range of 22%. Maintenance CapEx will be close to about CAD 50 million in 2015 and 2016.

 

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