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Heroux Devtek Inc (HRX.TO)

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Latest Key Developments (Source: Significant Developments)

Héroux-Devtek Announces Workforce Adjustments At Its Longueuil Facility
Thursday, 15 Mar 2018 07:30am EDT 

March 15 (Reuters) - Heroux Devtek Inc ::HÉROUX-DEVTEK ANNOUNCES WORKFORCE ADJUSTMENTS AT ITS LONGUEUIL FACILITY.HEROUX DEVTEK - ANNOUNCED WORKFORCE ADJUSTMENTS OF ABOUT 60 EMPLOYEES AT ITS LONGUEUIL FACILITY.HEROUX DEVTEK - ‍WORKFORCE ADJUSTMENTS, OTHER RESTRUCTURING COSTS TO RESULT IN ABOUT $5 MILLION NON-RECURRING CHARGES, MAINLY TO BE RECORDED IN Q4​.  Full Article

Heroux-Devtek To Acquire Beaver Aerospace And Defense U.S. Manufacturer Of Ball Screws And Actuation Systems
Tuesday, 27 Feb 2018 07:00am EST 

Feb 27 (Reuters) - Heroux Devtek Inc ::HEROUX-DEVTEK ANNOUNCES AGREEMENT TO ACQUIRE BEAVER AEROSPACE AND DEFENSE U.S. MANUFACTURER OF BALL SCREWS AND ACTUATION SYSTEMS.HEROUX DEVTEK INC - DEAL FOR ‍PURCHASE PRICE OF APPROXIMATELY US$23.5 MILLION​.HEROUX DEVTEK - DEAL TO BUY SHARES OF BEAVER AEROSPACE & DEFENSE INC AND ITS WHOLLY-OWNED SUBSIDIARY POWERTHRU INC FROM PHILLIPS SERVICE INDUSTRIES.HEROUX DEVTEK INC - ‍TRANSACTION WILL BE FINANCED THROUGH CORPORATION'S EXISTING REVOLVING CREDIT FACILITY​.  Full Article

Heroux Devtek Q3 Earnings Per Share C$0.02
Wednesday, 7 Feb 2018 06:39am EST 

Feb 7 (Reuters) - Heroux Devtek Inc ::HEROUX-DEVTEK REPORTS FISCAL 2018 THIRD QUARTER RESULTS.Q3 ADJUSTED EARNINGS PER SHARE C$0.16.Q3 EARNINGS PER SHARE C$0.02.QTRLY SALES $97 MILLION VERSUS $98.5 MILLION .  Full Article

Heroux-Devtek Reports Q3 EPS Of C$0.02
Wednesday, 7 Feb 2018 06:30am EST 

Feb 7 (Reuters) - Heroux Devtek Inc ::HEROUX-DEVTEK REPORTS FISCAL 2018 THIRD QUARTER RESULTS.Q3 ADJUSTED EARNINGS PER SHARE C$0.16.Q3 EARNINGS PER SHARE C$0.02.QTRLY SALES OF $97.0 MILLION, VERSUS $98.5 MILLION.HEROUX DEVTEK - BACKLOG AT QUARTER-END OF $475 MILLION, UP FROM $405 MILLION AT MARCH 31, 2017.‍MAINTAINING ANNUAL GUIDANCE OF A LOW SINGLE-DIGIT SALES DECREASE AND STABLE ADJUSTED EBITDA MARGIN, AS COMPARED TO LAST YEAR​.‍DECREASED ITS CAPITAL EXPENDITURE GUIDANCE FROM APPROXIMATELY $20 MILLION TO $15 MILLION FOR 2018​.  Full Article

Heroux Devtek reports Q2 adjusted earnings per share c$0.11
Monday, 6 Nov 2017 07:00am EST 

Nov 6 (Reuters) - Heroux Devtek Inc :Heroux-Devtek reports fiscal 2018 second quarter results.Q2 adjusted earnings per share c$0.11.Q2 earnings per share c$0.09.Q2 sales c$89.7 million versus I/B/E/S view c$87.2 million.Q2 earnings per share view c$0.12 -- Thomson Reuters I/B/E/S.Heroux Devtek Inc - ‍backlog of $498 million as at September 30, 2017, up from $451 million three months ago​.  Full Article

Heroux Devtek reports Q2 adjusted earnings per share c$0.11
Monday, 6 Nov 2017 07:00am EST 

Nov 6 (Reuters) - Heroux Devtek Inc :Heroux-Devtek reports fiscal 2018 second quarter results.Q2 adjusted earnings per share c$0.11.Q2 earnings per share c$0.09.Q2 sales c$89.7 million versus I/B/E/S view c$87.2 million.Q2 earnings per share view c$0.12 -- Thomson Reuters I/B/E/S.Heroux Devtek Inc - ‍backlog of $498 million as at September 30, 2017, up from $451 million three months ago​.  Full Article

Fonds de solidarité says granted Héroux-Devtek a $50 mln loan for acquisition of Compana Espanola de Sistemas Aeronauticos​
Monday, 2 Oct 2017 07:13am EDT 

Oct 2 (Reuters) - Airbus Se :Fonds de Solidarité FTQ says granted Héroux-Devtek a $50 million dollar loan for acquisition of Compana Espanola de Sistemas Aeronauticos​.  Full Article

Heroux-Devtek to buy Cesa in a $205 mln deal
Monday, 2 Oct 2017 07:00am EDT 

Oct 2 (Reuters) - Heroux Devtek Inc ::Heroux-Devtek announces agreement to acquire cesa, a leading european manufacturer of landing gear, actuation and hydraulic systems.Heroux Devtek Inc - deal for ‍approximately $205 million​.Heroux Devtek - deal to be financed through $50 million seven-year unsecured subordinated term loan, assumption of debt amounting to about EUR29 million​.Heroux Devtek - deal to also be financed through increase of co's existing revolving credit facility to $250 million and available cash balance​.  Full Article

Heroux Devtek reports Q1 earnings per share C$0.11
Monday, 7 Aug 2017 07:00am EDT 

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​.  Full Article

BRIEF-Latecoere's Systèmes d'interconnexion wins first North American contract (June 21)
Tuesday, 27 Jun 2017 11:41am EDT 

Corrects headline and bullet to show it's the first North America contract for the company's unit, not for the parent:SYSTEMES D'INTERCONNEXION WINS ITS FIRST NORTH AMERICAN CONTRACT.HAS BEEN SELECTED BY HÉROUX-DEVTEK INC FOR DEVELOPMENT OF THE EWIS (ELECTRICAL WIRING INTERCONNECTION SYSTEM) FOR LANDING GEAR.  Full Article

BRIEF-Heroux-Devtek To Acquire Beaver Aerospace And Defense U.S. Manufacturer Of Ball Screws And Actuation Systems

* HEROUX-DEVTEK ANNOUNCES AGREEMENT TO ACQUIRE BEAVER AEROSPACE AND DEFENSE U.S. MANUFACTURER OF BALL SCREWS AND ACTUATION SYSTEMS