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Heroux-Devtek (TSE:HRX)
TSX:HRX
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.39Last Year’s EPS
0.27Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2018
|% Change Since: -0.47%
|Next Earnings Date:Aug 10, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with notable achievements in revenue growth, margin improvement, and a strong backlog. However, challenges persist in the production environment and slower defense sales growth.Company Guidance
During the Q4 2024 earnings call for Heroux-Devtek (HRX.TO), the company reported significant growth in sales and profitability, with a 540 basis point improvement in the Q4 EBITDA margin, reaching 18%. Sales for the quarter increased by 18% year-over-year to a record $184.1 million, driven by a 55% rise in civil sales and a modest 1.1% increase in defense sales. For the full fiscal year, sales reached $629.8 million, marking a 15.8% increase over fiscal 2023. The company's gross profit for the quarter was reported at $39.4 million, or 21.4% of sales, reflecting the impact of higher volume and pricing initiatives. Operating income rose to $27.6 million from $9.9 million in Q4 2023. Heroux-Devtek also highlighted a record backlog of $951 million, indicating strong demand in both civil and defense segments. Adjusted EBITDA saw a 68.8% increase to $33.1 million for the quarter, and adjusted net income stood at $16.7 million or $0.49 per share. The call emphasized the successful implementation of strategies to stabilize production, improve supply chain health, and adjust pricing to offset inflationary pressures.Record-Breaking Revenue
Sales for Q4 rose 18% year-on-year to a record $184.1 million compared to $156 million last year. Civil sales rose 55% to $75.8 million, and overall fiscal year sales stood at $629.8 million, a 15.8% increase over fiscal 2023.
Significant Margin Improvement
Q4 EBITDA margin reached 18%, a 540 basis point improvement over Q4 last year, driven by increased volume and pricing initiatives. Adjusted EBITDA for the year was $92.2 million, up 50% year-over-year.
Strong Backlog and Positive Aerospace Outlook
A record backlog of $951 million supports future growth, with strong demand in both civil and defense segments. Boeing has committed $35 million for partnership on advanced landing gear technologies.
Improved Financial Performance and Cash Flow
Operating income for the quarter rose to $27.6 million from $9.9 million last year. Cash flow from operating activities improved to $19.7 million in Q4 from $4.5 million last year.
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TSE:HRX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:HRX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | C$32.15 | C$32.17 | +0.06% |
| Aug 06, 2024 | C$31.20 | C$31.16 | -0.13% |
| May 22, 2024 | C$20.95 | C$22.56 | +7.68% |
| Feb 07, 2024 | C$15.03 | C$16.55 | +10.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Heroux-Devtek (TSE:HRX) report earnings?
Heroux-Devtek (TSE:HRX) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Heroux-Devtek (TSE:HRX) earnings time?
Heroux-Devtek (TSE:HRX) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:HRX EPS forecast?
TSE:HRX EPS forecast for the fiscal quarter 2025 (Q3) is 0.39.
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