Canadian Manufacturing

Heroux-Devtek reports quarterly sales boosted by acquisitions

Last year, the Longueuil, Que.-based aircraft parts company bought Michigan-based rival Beaver Aerospace for US$23.5 million and Madrid-based landing gear-maker CESA for $140 million

November 11, 2019  The Canadian Press

LONGUEUIL, Que.—Heroux-Devtek Inc. is reporting operating income of $10.5 million on sales of $146 million in its latest quarter ended Sept. 30.

The Longueuil, Que.-based aircraft parts company nearly doubled the $5.3 million in operating income it posted in the same period of 2018 as sales rose from $95.67 million due to acquisitions and organic growth.

Analysts had expected operating income of $10.57 million on revenue of $132 million in its fiscal second quarter, according to financial markets data firm Refinitiv.

Last year, the company bought Michigan-based rival Beaver Aerospace for US$23.5 million and Madrid-based landing gear-maker CESA for $140 million.

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Related: Héroux-Devtek to buy Michigan-based Beaver Aerospace for US$23.5M


The company reported its recent acquisitions added $36 million in sales volume during the three months ended Sept. 30 versus the year-earlier period.

It said commercial sales grew from $47 million to $65 million and defence sales were up from $49 million to $81 million.