LONGUEUIL, Que. The Canadian Press Published Friday, May. 25, 2012 7:55AM EDT Last updated Friday, May. 25, 2012 8:21AM EDT

Quebec-based aerospace manufacturer Hroux-Devtek Inc. HRX-T says its fourth-quarter profit was $8.9-million, up 12 per cent from the same time last year and ahead of analyst estimates.

The Montreal-area companys profit amounted to 29 cents per share, which was two cents above a consensus estimate compiled by Thomson Reuters.

The company, headquartered in Longueuil, Que., specializes in the design, development, manufacture and repair and overhaul of related systems and components for the aerospace and industrial products segments.

It supplies the commercial and military aerospace sectors with landing gear systems and airframe structural components from 12 manufacturing facilities. Its industrial segment provides large components for power generation equipment.

Hroux-Devteks revenue was $109-million in the fourth quarter, also ahead of analyst estimates. The company says its aerospace sales were stable but sales increased in the industrial division.

For the full 2012 financial year ended March 31, Hroux-Devtek had $380.3-million in revenue up 6.4 per cent from last year. Net income for the year was $26.5-million or 86 cents per share on a diluted basis.

Thats up from $357.6-million in revenue and $19.1-million of net income, or 63 cents per share in fiscal 2011.

Fiscal 2012 was a very successful year for Hroux-Devtek, chief executive officer Gilles Labbe said in a statement.

While the overall economy remained hesitant, the majority of our strategic markets, both in the Aerospace and Industrial segments, gained momentum. As a result, we generated record sales and net income.

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Heroux-Devtek profit rises 12%, beats forecasts