CAE reports Q2 adjusted EPS C$0.24 vs. C$0.26 last year

Reports Q2 revenue C$1.14B vs. C$1.05B last year. “I am very pleased with our progress this quarter, which underscores our strong execution and the robust market demand for our Civil Aviation and Defense and Security solutions. In Defense, by leveraging our structural improvements and streamlined organization, we achieved notable growth and margin improvements,” said Marc Parent, CAE‘s (CAE) President and Chief Executive Officer. “We also made significant strides to retire risk by completing a Legacy Contract from our Defense backlog and to secure future growth with a $1.7 billion transformative award under Canada’s Future Aircrew Training Program. Despite the near-term supply chain challenges that have been impacting the airline industry, the long-term growth outlook for Civil remains strong, underscoring CAE’s compelling investment thesis. The important organic investment we announced last week to increase our stake in SIMCOM will strengthen our presence in the core business aviation training market, increase recurring revenue, and further our commitment to delivering world-class training solutions to an essential customer segment. Backed by $3.0 billion in consolidated adjusted order intake and a record $18.0 billion adjusted backlog this quarter, CAE’s future is exceptionally bright.”