Skip to main content
Canada’s most-awarded newsroom for a reason
Enjoy unlimited digital access
$1.99
per week
for 24 weeks
Canada’s most-awarded newsroom for a reason
$1.99
per week
for 24 weeks
// //

Heroux-Devtek TSX: HRX-T

Today's Change
Volume
Real-Time Last Update TSX Last Sale

More stories below advertisement

Héroux-Devtek reports $6.7M Q1 profit, revenue down from year ago

Canadian Press - Tue Aug 10, 7:48AM CDT
A Heroux-Devtek Inc.logo is shown at the company's annual general meeting in Montreal, Thursday, August 2, 2012. THE CANADIAN PRESS/Graham Hughes

LONGUEUIL, Que. — Héroux-Devtek Inc. reported a profit of $6.7 million in its latest quarter compared with a loss in the same quarter last year.

The maker of aircraft parts says the profit amounted to 19 cents per diluted share for the quarter ended June 30, compared with a loss of $1.3 million or four cents per share a year ago.

Revenue for what was the first quarter of the company's financial year totalled $126.2 million, down from $128.3 million in the same quarter last year.

The company says, excluding the impact of foreign exchange rate fluctuations, defence sales rose 21.5 per cent, while civil sales fell 19.0 per cent.

On an adjusted basis, Héroux-Devtek says it earned 19 cents per share in the quarter, compared with an adjusted profit of nine cents per share a year ago.

Analysts on average had expected an adjusted profit of 15 cents per share, according to financial markets data firm Refinitiv.

This report by The Canadian Press was first published Aug. 10, 2021.

Companies in this story: (TSX:HRX.TO)

More stories below advertisement

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2021.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies