Brief: Héroux-Devtek Reports Q3 Fiscal 2021 Financial Results

Heroux Devtek

05/02/2021 12:09

Feb 5 (Reuters) - 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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