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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.

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  • Heroux-Devtek Inc
  • Updated May 26 3:59 PM EDT. Delayed by at least 15 minutes.

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