Last C$10.93 CAD
Change Today -0.04 / -0.36%
Volume 20.4K
HRX On Other Exchanges
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As of 3:59 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

heroux-devtek inc (HRX) Snapshot

Open
C$10.99
Previous Close
C$10.97
Day High
C$11.04
Day Low
C$10.91
52 Week High
05/29/14 - C$12.35
52 Week Low
08/21/13 - C$8.00
Market Cap
392.2M
Average Volume 10 Days
37.1K
EPS TTM
C$0.47
Shares Outstanding
35.9M
EX-Date
12/20/12
P/E TM
23.3x
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

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.

Héroux-Devtek Inc. Announces Capital Investment Plan

Héroux-Devtek Inc. announced a comprehensive capital investment plan. This plan will enable Héroux-Devtek to successfully carry an important long-term contract to supply The Boeing Company with complete landing gear systems for the Boeing 777 and 777x aircraft. Under the terms of the contract, deliveries are scheduled to begin in early calendar 2017. The plan calls for investments of approximately $90 million directly related to the Boeing contract. These investments, essentially spanning the Corporation's fiscal years ending on March 31, 2015 and 2016, will include the expansion of the existing facility network as well as investments in machinery and equipment for component manufacturing and system assembly. The investments are in addition to planned regular maintenance capital investments currently projected at approximately $30 million over this two-year period.

Heroux-Devtek Inc. Appoints Andrew John Stevens as Director

Heroux-Devtek Inc. announced the appointment of Mr. Andrew John Stevens as Director of the Corporation. This appointment, which fills a vacant seat, is effective immediately. Mr. Stevens is a resident of the United Kingdom. He spent nine years at Cobham plc, where he was successively Chief Operating Officer and Chief Executive Officer between 2005 and 2012. During those nine years, Mr. Stevens was also a member of Cobham plc's Board of Directors. Prior to that, he held senior executive positions with Rolls Royce plc, Messier Dowty International, Bowthorpe plc and Dowty Group plc.

 

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Price/Book 1.5x
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