2024-02-07 15:51:06 ET
Héroux-Devtek Inc. (HERXF)
Q3 2024 Results Conference Call
February 07, 2024 08:30 AM ET
Company Participants
Martin Brassard - President and Chief Executive Officer
Stéphane Arsenault - Vice President & Chief Financial Officer
Conference Call Participants
Benoit Poirier - Desjardins Capital Markets
Konark Gupta - Scotiabank
Tim James - TD Cowen
Cameron Doerksen - National Bank Financial
Jonathan Lamers - Laurentian Bank Securities
Presentation
Operator
Good morning, my name is Jewel, and I will be your conference operator today. At this time, I would like to welcome everyone to Héroux-Devtek's Fiscal 2024 Third Quarter Results Conference Call. [Operator Instructions] Before turning the meeting over to management, please be advised that this call will contain statements that are forward-looking and subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. We refer you to the press release available on the company's website for the complete forward-looking statement.
I would like to remind everyone that this conference call is being recorded today, Wednesday, February 7, 2024 at 8:30 a.m. Eastern Time. I will now turn the conference over to Mr. Martin Brassard, President and Chief Executive Officer; and to Mr. Stéphane Arsenault, Vice President and Chief Financial Officer of Héroux-Devtek. Mr. Brassard, please go ahead, sir.
Martin Brassard
Thank you very much, Jewel, and good morning, everyone. Welcome to our third quarter earnings conference call for fiscal year 2024. I invite you to follow along by referring to the financial statements, MD&A and press release, which can be found in the Investors section of our website.
We're pleased to announce that our sales for the last quarter totaled $164 million, a 16.1% increase compared to the same quarter last year, and that brings our trailing 12-month sales above $600 million or representing 98% of our record years in fiscal 2020. This strong group is a sign that our focus on stabilizing our production system is beginning to pay off. The increase in volume, along with the effect of our pricing initiatives in response to inflationary pressure, drove our EBITDA margin up to 15%, marking a significant 500 basis point improvement over last year.
These results are rapidly approaching our historical performance in terms of profitability. While we are pleased with our progress, there remains work to be done. Linearity in our deliveries within the quarter remains a challenge, especially given the ongoing pressure in the aerospace supply chain environment. However, we have demonstrated resilience and adaptability, and we are confident in our ability to navigate and make further progress in overcoming these challenges....
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Héroux-Devtek Inc. (HERXF) Q3 2024 Earnings Call Transcript