Héroux-Devtek Full Year 2024 Earnings: Beats Expectations

In This Article:

Héroux-Devtek (TSE:HRX) Full Year 2024 Results

Key Financial Results

  • Revenue: CA$629.8m (up 16% from FY 2023).

  • Net income: CA$38.3m (up 177% from FY 2023).

  • Profit margin: 6.1% (up from 2.5% in FY 2023). The increase in margin was driven by higher revenue.

  • EPS: CA$1.13 (up from CA$0.40 in FY 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Héroux-Devtek Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 36%.

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Aerospace & Defense industry in Canada.

Performance of the Canadian Aerospace & Defense industry.

The company's shares are up 18% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Héroux-Devtek you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.