2005

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Montréal, (Québec)

November 10, 2005

Héroux-DEVTEK ANNOUNCES CLOSING OF $16,875,000 COMMON SHARES OFFERING

Héroux-Devtek Inc. (TSX : HRX) announced today that it has closed a public offering of 4,500,000 common shares (the "Shares") at a price of $3.75 per Share, for gross proceeds of $16,875,000 before deducting the offering expenses.
 

 

Montréal, (Québec)

November 2, 2005

Héroux-DEVTEK REPORTS SECOND QUARTER RESULTS

Héroux-Devtek Inc. (TSX: HRX) today reported results for the second quarter of fiscal 2006, which ended September 30, 2005.
 

 

Montréal, (Québec)

October 27, 2005

Héroux-DEVTEK'S ANNOUNCES TREASURY ISSUE OF COMMON SHARES

Héroux-Devtek Inc. (TSX : HRX) announced today that it has entered into an underwriting agreement with a syndicate of dealers led by National Bank Financial Inc. and GMP Securities Ltd., and including Raymond James Ltd. and Versant Partners Inc. for the purchase, on a bought deal basis, of an aggregate of 4,500,000 common shares (the "Shares") at a price of $3.75 per Share, issued and sold by Héroux-Devtek from treasury. The offering will result in total gross proceeds of $16,875,000. The Company also granted to the underwriters of the offering an over-allotment option, exercisable within 30 days of closing, to acquire an additional 250,000 shares.
 

 

Montréal, (Québec)

October 25, 2005

Héroux-DEVTEK'S LANDING GEAR DIVISION CHOSEN FOR CONTRACTS WORTH $125 MILLION

Héroux-Devtek Inc. (TSX: HRX), a leading Canadian manufacturer of aerospace and industrial products, today announced that it has been awarded a number of contracts at an estimated value of $125 million by a U.S-based aerospace and defence, Fortune 500 company to supply landing gear components for Boeing's B-777 aircraft over the next ten

 

 

Montréal, (Québec)

August 4, 2005

Héroux-DEVTEK REPORTS FIRST QUARTER RESULTS.

Héroux-Devtek Inc. (TSX: HRX) today reported results for the first quarter of fiscal 2006, which ended June 30, 2005. Sales for the first quarter were $53.9 million, up 3.1% from $52.3 million for the first quarter of fiscal 2005. The Company reported a net loss from continuing operations of $2.4 million or a loss of $0.09 per share for the first quarter compared to a net loss from continuing operations of $1.4 million or a loss of $0.05 per share for the first quarter of the preceding fiscal year. Net income for the quarter was $6.4 million or $0.24 per share, compared to a net loss of $1.3 million or $0.05 per share for the first quarter of fiscal 2005. Net income for the quarter included an $8.6 million after-tax gain on the sale of its Logistics & Defence Division, Diemaco.

Montréal, (Québec)

July 25, 2005

Héroux-DEVTEK PROVIDES FIRST QUARTER UPDATE.

Héroux-Devtek Inc. (TSX: HRX) a leading Canadian manufacturer of aerospace and industrial products, today advised that revenues and earnings for the first quarter ended June 30, 2005 are expected to be less than current analyst estimates. The Company anticipates a net loss from continuing operations for the first quarter of about $0.09 per share on sales of approximately $54 million compared to a net loss from continuing operations of $0.05 per share on sales of $52.3 million for the first quarter ended June 30, 2004. Compared to last year, the lower anticipated earnings are primarily due to delays in deliveries and the continued high level of the Canadian dollar.

Montréal, (Québec)

May 26, 2005

HÉROUX-DEVTEK REPORTS YEAR-END RESULTS.

Héroux-Devtek Inc. (TSX: HRX) a leading Canadian manufacturer of aerospace and industrial products, today reported results for its fourth quarter and fiscal year ended March 31, 2005 (fiscal 2005). Sales for fiscal 2005 were $233.0 million, up 20.9% from $192.7 million for the year-ended March 31, 2004 (fiscal 2004). For fiscal 2005, the Company reported a net loss from continuing operations of $4.3 million compared to a net loss from continuing operations of $4.0 million in fiscal 2004. The net loss for the year was $2.1 million or $0.08 per share, compared to a net loss of $2.3 million or $0.10 per share for fiscal 2004 

 

 

Montréal, (Québec)

May 20, 2005

HÉROUX-DEVTEK : COMPLETES THE SALE OF ITS LOGISTICS & DEFENCE DIVISION, DIEMACO.

Héroux-Devtek Inc. (TSX: HRX) a leading Canadian manufacturer of aerospace and industrial products, announced today the closing of the previously announced sale of its Logistics & Defence Division Diemaco to Colt Defense LLC of West Hartford, Connecticut. The sale price for the transaction was $18.2 million, subject to certain final adjustments.

 

 

Montréal, (Québec)

April 13, 2005

HÉROUX-DEVTEK : RENEWAL OF COLLECTIVE AGREEMENT WITH EMPLOYEES AT ITS LANDING GEAR PLANT IN LONGUEUIL.

Héroux-Devtek Inc. (TSX: HRX) a leading Canadian manufacturer of aerospace and industrial products, announced today that the unionized employees at its Landing Gear Plant in Longueuil voted 74% in favour of renewing the Ratification of this collective agreement comes on the heels of an agreement in principle reached last week with the Longueuil Plant It is an agreement that will enable Héroux-Devtek and its employees to better deal with strategic issues in the aerospace industry.

 

 

Montréal, (Québec)

February 10, 2005

HÉROUX-DEVTEK REPORTS THIRD QUARTER RESULTS AND ANNOUNCES SALE OF LOGISTICS & DEFENCE DIVISION, DIEMACO.

Héroux-Devtek Inc. (TSX: HRX) a leading Canadian manufacturer of aerospace and industrial products, today reported results for the third quarter and nine months ended December 31, 2004. Net loss for the most recent three month period was reduced to $887 thousand or a loss of $0.03 per share, compared with a loss for the same period a year ago of $1.6 million or a loss of $0.07 per share. Consolidated sales for the third quarter rose 39.3% to $63.0 million from $45.2 million last year, mainly due to the acquisition of Progressive Inc. Net loss for the nine months totalled $3.8 million or a loss of $0.14 per share versus a $3.3 million net loss or a loss of $0.14 per share last year. Consolidated sales for the year-to-date increased 19.7%, rising to $180.4 million from $150.8 million last year.

Montréal, (Québec)

February 10, 2005

HÉROUX-DEVTEK to sell its Logistics & Defence Division, Diemaco to Focus on Aerospace and Industrial Products.

Héroux-Devtek Inc. (TSX: HRX) a leading Canadian manufacturer of aerospace and industrial products, announced today the execution of an agreement with Colt Defense LLC of West Hartford, Connecticut for the sale of its Logistics & Defence Division, Diemaco. The basic sale price was established at $16.5 million, subject to certain working capital adjustments.

 

 

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