Brief: Heroux Devtek Reports Q4 Adj EPS Of C$0.38

Heroux Devtek

21/05/2020 12:20

May 21 (Reuters) - Heroux Devtek Inc  HRX.TO :
    * HÉROUX-DEVTEK REPORTS FOURTH QUARTER AND FISCAL 2020
YEAR-END
FINANCIAL RESULTS
    * Q4 ADJUSTED EARNINGS PER SHARE C$0.38
    * Q4 SALES C$166.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF
C$161.2 MILLION
    * Q4 EARNINGS PER SHARE ESTIMATE C$0.30 -- REFINITIV IBES
DATA
    * ALL FACILITIES REMAIN OPEN, AND HÉROUX-DEVTEK HAS
AVAILABLE
LIQUIDITY OF $193 MILLION
    * FUNDED BACKLOG OF $810 MILLION, TWO THIRDS OF WHICH IS
COMPRISED
OF DEFENCE ORDERS IN QUARTER
    * ON APRIL 7, 2020, MANAGEMENT ANNOUNCED ITS DECISION TO
WITHDRAW
FISCAL 2022 SALES GUIDANCE
    * MANAGEMENT IS NOT PROVIDING ANY FINANCIAL GUIDANCE FOR
FISCAL
2021
    * AS AT MARCH 31, 2020, NET DEBT STOOD AT $246.9 MILLION, UP
FROM
$243.0 MILLION AS AT APRIL 1, 2019

Source text for Eikon:  ID:nCNWdwt5ja 
Further company coverage:  HRX.TO 

 (Reuters.Briefs@thomsonreuters.com)