Héroux-Devtek CEO Martin Brassard says inflation and challenges in the company’s operating environment have increased the cost of deliveries, resulting in lower profitability
The maker of aircraft landing gear says its profit amounted to five cents per diluted share for the three months ended Dec. 31, down from 19 cents per diluted share a year earlier.
Sales in what was the third quarter of the company’s financial year totalled $140.9-million, up from $131.1-million a year ago. The company says the increase came as its civil revenue rose to $45.1-million compared with $36.5-million a year earlier, helped higher by increased deliveries for the Boeing 777, Embraer Praetor and Falcon 6X programs.Tickers mentioned in this storyBuild your personal news feed
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