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BRIEF-Héroux-Devtek Reports Q3 Fiscal 2021 Financial Results

· 02/05/2021 07:09
BRIEF-Héroux-Devtek Reports Q3 Fiscal 2021 Financial Results

- Heroux Devtek Inc HRX.TO:

  • HÉROUX-DEVTEK REPORTS STRONG THIRD QUARTER FISCAL 2021 FINANCIAL RESULTS

  • Q3 SALES C$150.3 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$140 MILLION

  • Q3 ADJUSTED EARNINGS PER SHARE C$0.26

  • Q3 EARNINGS PER SHARE C$0.24

  • Q3 EARNINGS PER SHARE ESTIMATE C$0.16 -- REFINITIV IBES DATA

  • HEROUX DEVTEK - RESTRUCTURING INITIATIVES SINCE BEGINNING OF FISCAL YEAR WILL AFFECT 15% OF WORKFORCE, OR APPROXIMATELY 315 EMPLOYEES

  • RESTRUCTURING INITIATIVES INCLUDES CLOSURE OF ALTA PRECISION AND APPH WICHITA

  • TO DATE, $9.5 MILLION OF RELATED COSTS HAVE BEEN RECORDED AS RESTRUCTURING CHARGES

Source text for Eikon: ID:nCNWQC1kVa

Further company coverage: HRX.TO


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