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).

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.

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