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Company News

BRIEF-Heroux Devtek reports Q1 earnings per share C$0.11

Aug 7 (Reuters) - Heroux Devtek Inc

* Heroux Devtek reports fiscal 2018 first quarter results

* Q1 earnings per share C$0.11

* Q1 sales C$86.9 million versus I/B/E/S view C$95.6 million

* Q1 earnings per share view C$0.13 -- Thomson Reuters I/B/E/S

* Heroux Devtek Inc - continue to expect a low single-digit sales decrease for fiscal year ending March 31, 2018

* Heroux Devtek Inc - expect our fiscal 2018 adjusted EBITDA margin to remain stable as compared to fiscal 2017

* Heroux Devtek Inc quarter-end backlog of $451 million, up from $405 million three months ago

* Heroux Devtek Inc - “new U.S. Administration indicated its intention to increase funding, which could be positive for certain programs”

* Heroux Devtek Inc qtrly adjusted share $0.11 Source text for Eikon: Further company coverage:

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