OverviewSuggest Edit

Héroux-Devtek (formerly known as Héroux) is a company that supplies landing gear solutions for the aerospace market. It specializes in the design, development, manufacture, and repair and overhaul of landing gear, actuation systems, and components. It also offers hydraulic systems, fluid filtration systems, electronic enclosures, heat exchangers, and cabinets.
TypePublic
Founded1942
HQLongueuil, CA
Websiteherouxdevtek.com
Employee Ratings2.3

Latest Updates

Employees (est.) (Mar 2021)1,800(-7%)
Share Price (May 2022)C$14.3(+2%)
Cybersecurity ratingBMore
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Key People/Management at Heroux-Devtek

Martin Brassard

Martin Brassard

President and Chief Executive Officer, Non-Independent Board Member
Stéphane Arsenault

Stéphane Arsenault

Vice President and Chief Financial Officer
Jean Gravel

Jean Gravel

Vice-President, Sales & Programs
Stéphane Rainville

Stéphane Rainville

Vice-President, Human Resources
Alexandre Verdon

Alexandre Verdon

Vice-President, Business Development, Mergers and Acquisitions
Patrick Gagnon

Patrick Gagnon

Vice-President, Corporate Controller
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Heroux-Devtek Office Locations

Heroux-Devtek has offices in Longueuil, Cambridge, Kitchener, Laval and in 10 other locations
Longueuil, CA (HQ)
1111 Rue Saint-Charles O
Cambridge, CA
47 Heroux Devtek Dr
Kitchener, CA
1665 Highland Rd W
Laval, CA
3675, Industriel Boulevard
Longueuil, CA
4925 Ch. de la Savane, Saint-Hubert
Longueuil, CA
755 Rue Thurber
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Heroux-Devtek Financials and Metrics

Heroux-Devtek Revenue

USD

Market capitalization (12-May-2022)

510.0m

Closing stock price (12-May-2022)

14.3

Cash (31-Dec-2021)

86.8m

EV

666.1m
Heroux-Devtek's current market capitalization is C$510 m.
Annual
CADFY, 2018FY, 2019FY, 2020FY, 2021

Cash

93.2m35.1m45.8m95.5m

Accounts Receivable

73.5m115.4m112.6m99.7m

Prepaid Expenses

3.6m5.2m5.9m5.1m

Inventories

134.3m184.0m241.1m216.4m
Quarterly
CADQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Cash

99.0m196.7m28.6m37.0m19.6m25.3m114.4m78.7m95.5m98.6m103.2m86.8m

Accounts Receivable

54.7m55.1m109.2m102.3m101.9m102.9m77.8m93.1m82.9m76.5m85.4m86.7m

Prepaid Expenses

7.5m6.2m16.8m

Inventories

138.0m148.7m183.0m206.1m218.9m231.0m259.1m253.5m241.3m221.3m215.1m212.5m
Annual
CADFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

13.7m26.2m(50.7m)19.8m

Depreciation and Amortization

26.6m32.7m43.6m43.1m

Inventories

9.5m(1.7m)(45.5m)21.8m

Accounts Payable

719.0k20.0m3.3m(19.7m)
Quarterly
CADQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Net Income

3.6m6.8m17.8m6.4m12.8m27.9m(1.3m)2.5m9.7m6.7m14.2m27.4m

Depreciation and Amortization

7.0m14.0m30.0m10.5m21.5m43.1m10.9m22.4m42.9m9.3m18.5m36.9m

Inventories

(3.6m)(4.2m)(5.5m)(10.7m)(23.3m)(46.1m)(18.0m)(12.3m)(18.1m)(6.2m)475.0k(4.1m)

Accounts Payable

(10.6m)(12.4m)(11.8m)(9.0m)(3.0m)(15.4m)(9.7m)(9.1m)(35.9m)(6.2m)(9.5m)(11.2m)
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Heroux-Devtek Operating Metrics

Heroux-Devtek's Backlog was reported to be C$704m in Q1, 2022.
FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021FY, 2021Q1, 2022

Backlog

C$623.93 kC$747 mC$769 mC$839 mC$810.28 mC$772 mC$764 mC$739 mC$717 mC$704 m

Contracts

4716

Manufacturing Sites

181815
Show all operating metrics

Heroux-Devtek Acquisitions / Subsidiaries

Company NameDateDeal Size
Beaver Aerospace & Defense Inc.February 27, 2018
PowerTHRU Inc.February 27, 2018
CESAOctober 05, 2017$206 m
APPH LimitedFebruary 13, 2013$128 m
APPH Limited
Beaver Aerospace & Defense Inc.
Compañia Española de Sistemas Aeronauticos S.A.
Devtek Aerospace Inc.
HDI Landing Gear USA Inc.

Heroux-Devtek Revenue Breakdown

Embed Graph

Heroux-Devtek revenue breakdown by business segment: 100.0% from AEROSPACE

Heroux-Devtek Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Heroux-Devtek Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Heroux-Devtek Online and Social Media Presence

Embed Graph

Heroux-Devtek News and Updates

Héroux-devtek Will Hold A Conference Call To Discuss Its Fiscal 2022 Third Quarter Results

Héroux-Devtek Inc. (TSX: HRX) ("Héroux-Devtek" or the "Corporation"), a leading international manufacturer of aerospace products and the world’s third-largest landing gear manufacturer, will report its financial results for the third quarter ended December 31, 2021, before market opens on Wednesday,…

Héroux-Devtek announces the election of its directors

Héroux-Devtek Inc. (TSX: HRX) ("Héroux-Devtek" or the "Corporation"), a leading international manufacturer of aerospace products and the world’s third-largest landing gear manufacturer, announces that, at the Annual Meeting of Shareholders of the Corporation held virtually on August 10, 2021, each o…

Héroux-Devtek reports first quarter fiscal 2022 financial results

Héroux-Devtek Inc. (TSX: HRX) (“Héroux-Devtek” or the “Corporation”), a leading international manufacturer of aerospace products and the world’s third-largest landing gear manufacturer, today reported its financial results for the first quarter ended June 30, 2021. Unless otherwise indicated, all am…

Héroux-Devtek reports first quarter fiscal 2022 financial results

Héroux-Devtek Inc. (TSX: HRX) (“Héroux-Devtek” or the “Corporation”), a leading international manufacturer of aerospace products and the world’s third-largest landing gear manufacturer, today reported its financial results for the first quarter ended June 30, 2021

Heroux-Devtek to Hold Its Annual Meeting Of Shareholders and a Conference Call to Discuss Its Fiscal 2022 First Quarter Results

Heroux-Devtek Inc. (TSX: HRX) ("Heroux-Devtek" or the "Corporation"), a leading international manufacturer of aerospace products and the world’s third-largest landing gear manufacturer, will hold its annual meeting of shareholders on Tuesday, August 10, at 10:00 AM Eastern time. The event will be he…

Heroux-Devtek Announces the Extension of its Credit Facilities

Heroux-Devtek Inc. (TSX: HRX) today announced the extension of its Senior Secured Syndicated Revolving Credit Facility (“Revolving Facility”), and of its Unsecured Subordinated Term Loan Facility (“Term Loan Facility”) with the Fonds de solidarité FTQ.

Heroux-Devtek Frequently Asked Questions

  • When was Heroux-Devtek founded?

    Heroux-Devtek was founded in 1942.

  • Who are Heroux-Devtek key executives?

    Heroux-Devtek's key executives are Martin Brassard, Stéphane Arsenault and Jean Gravel.

  • How many employees does Heroux-Devtek have?

    Heroux-Devtek has 1,800 employees.

  • Who are Heroux-Devtek competitors?

    Competitors of Heroux-Devtek include Safran Landing Systems, Arnprior Aerospace and Triumph Group.

  • Where is Heroux-Devtek headquarters?

    Heroux-Devtek headquarters is located at 1111 Rue Saint-Charles O, Longueuil.

  • Where are Heroux-Devtek offices?

    Heroux-Devtek has offices in Longueuil, Cambridge, Kitchener, Laval and in 10 other locations.

  • How many offices does Heroux-Devtek have?

    Heroux-Devtek has 16 offices.