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HEROUX DEVTEK HÉROUX - DEVTEK REPORTS SECOND QUARTER FISCAL 2022 FINANCIAL RESULTS Q2 Financial Highlights Sales of $ 131.3 million , compared $ 137.1 million last year ; stable considering foreign exchange Operating income of $ 12.0 million , compared to $ 7.1 million last year Adjusted EBITDA¹ of $ 21.2 million , or 16.1 % of sales , compared to $ 21.2 million , or 15.5 % last year ● ● Earnings reached $ 0.21 per share , compared to $ 0.11 or adjusted EPS¹ of $ 0.17 last year Strong cash flows from operating activities of $ 17.5 million , compared to $ 15.4 million last year Q2 Operational Highlights Six - year extension to 2030 of landing gear contract with Boeing for the 777 and 777X aircraft programs Awarded a contract by Lockheed Martin for the development of landing gears for its next generation of defence aircraft ● ● Longueuil , Québec , November 12 , 2021 - 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 second quarter ended September 30 , 2021. Unless otherwise indicated , all amounts are in Canadian dollars . " In Q2 as in every quarter for the past 18 months , Héroux - Devtek has continued to mitigate the pandemic's impact on civil production rates by consistently delivering strong growth in the defence sector . I am particularly proud of Héroux - Devtek's financial performance , which demonstrates our agility to adapt to unforeseen events , " said Martin Brassard , President and CEO of Héroux - Devtek . " For the second half of the fiscal year , we will remain focused on executing our plan and continue pursuing new business and growth opportunities ; these may be either via acquisitions or by furthering our already strong relationships with OEMs . In that regard , we are pleased to have extended our contract with Boeing for the 777 and 777X until 2030 and to have been chosen by Lockheed Martin for its next generation of defence aircraft , " added Mr. Brassard . FINANCIAL HIGHLIGHTS ( in thousands , except per share data ) Sales Operating income Adjusted operating income¹ Adjusted EBITDA¹ Net income Adjusted net income¹ Cash flows related to operating activities Free cash flow ¹ In dollars per share EPS basic and diluted Adjusted EPS¹ Three months ended September 30 , 2020 $ 137,063 7,120 9,788 21,233 PRESS RELEASE FOR IMMEDIATE RELEASE 2021 $ 131,293 11,953 11,953 21,157 7,510 7,510 17,467 11,212 0.21 0.21 $ 3,838 6,118 15,427 13,375 0.11 0.17 Six months ended September 30 , 2020 $ 265,398 2021 $ 257,481 22,750 22,750 41,206 14,213 14,213 35,652 25,595 $ 0.40 $ 0.40 1 These are non - IFRS measures . Please refer to the " Non - IFRS Measures " section at the end of this press release . 8,505 17,218 39,591 2,525 9,500 30,900 23,607 0.07 0.26