Héroux-Devtek Inc., $12.74, symbol HRX on Toronto (Shares outstanding: 30.8 million; Market cap: $392.4 million; www.herouxdevtek.com), is the world’s third-largest maker of landing gear for aircraft, particularly helicopters and small jets.
The company also makes metal enclosures for airborne radar and other electronic equipment. Its commercial customers include Boeing, Sikorsky, Bombardier and Embraer. The company also sells its products to military clients. Héroux-Devtek gets about 70% of its sales from outside Canada.
In August 2012, Héroux-Devtek sold its Aerostructure (parts for wings and fuselages) and Industrial Products (power-generator components) businesses for $232.0 million. The sale will let the company focus on its landing gear operations.
Héroux-Devtek earned $2.7 million from its ongoing operations in its 2013 second quarter, which ended September 30, 2012. That’s up 9.8% from $2.5 million a year earlier. Earnings per share rose 12.5%, to $0.09 from $0.08, on fewer shares outstanding. Sales rose 4.0%, to $57.7 million from $55.5 million.
The company ended the quarter with an order backlog of…
Privacy Policy and Terms of Use
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Changes to this Policy
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