Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Héroux-Devtek profit jumps Add to ...

Aircraft parts maker Héroux-Devtek Inc. says its third-quarter profit rose to $5.1-million on improved conditions in the commercial aerospace market.

The Montreal-area company, which also makes industrial products, said the results were equal to 17 cents per share for the three months ended Dec. 31.

That compared to $3.5-million or 12 cents per share a year earlier.

Sales increased to $85.8-million from $76.7-million.

"The resurgence in commercial aerospace is broad based, as we recorded higher sales in the business jet and commercial helicopter markets," said company president and CEO Gilles Labbe in a release.

"More importantly, this greater business activity and further efficiency gains yielded better profit margins."

Héroux-Devtek also booked currency losses of $1.4-million during the quarter, reducing top-line sales by 3.4 per cent, or $2.6-million.

 
Live Discussion of HRX on StockTwits
More Discussion on HRX-T
Globe Investor - GIT Upsells
It's never been a better time to get Globe Unlimited
Try Globe Unlimited, featuring new Globe Investor Tools, for a special trial rate. Only 99¢ for your first month.

Are you a Globe Investor Gold subscriber?
You qualify for complimentary access to Globe Unlimited.
Visit: globeandmail.com/globeplusunlimited
Try it today

In the know

Most popular video »

Highlights

More from The Globe and Mail

Most Popular Stories