Category Archives: CAE Inc.
- Revenue of $704.4 million vs. $682.7 million in prior year
- EPS from continuing operations of $0.44 ($0.28 before US tax reform impact and AACE net gain) vs. $0.25 ($0.26 before specific items(1)) in prior year
- Free cash flow(2) from continuing operations of $146.0 million vs. $124.7 million in prior year
- Order intake(3) of $1.2 billion for $7.4 billion backlog(3)
Montreal, Canada, February 9, 2018 – (NYSE: CAE; TSX: CAE) – CAE today reported revenue of $704.4 million for the third quarter of fiscal year 2018, compared with $682.7 million in the third quarter last year. Third quarter net income attributable to equity holders from continuing operations was $117.9 million ($0.44 per share) compared to $67.6 million ($0.25 per share) last year. Third quarter fiscal 2018 results include an income tax recovery related to the US tax reform and a net gain on the fair valuation of CAE’s prior investment in the Asian Aviation Centre of Excellence (AACE). Excluding these elements, earnings per share would have been $0.28. EPS before specific items was $0.26 last year. All financial information is in Canadian dollars unless otherwise indicated.
“CAE remains on track to deliver on our growth outlook and we are well positioned to benefit from the secular tailwinds driving our markets,” said Marc Parent, CAE’s President and Chief Executive Officer. “We had year-over-year growth in all segments this quarter, as well as strong order intake and free cash flow. In Civil, market activity was especially strong as we received a quarterly-record, $1 billion in new orders for our comprehensive training solutions. And in Defence, growth momentum increased in the quarter and we continued to win important training systems and services contracts, adding to a large year-to-date order book.”
CAE RiseTM training system : Elevating pilot training experience through Real-time insights and standardized evaluations (Rise)
Singapore, February 6, 2018 (NYSE: CAE; TSX: CAE) – CAE announces today at the 2018 Singapore Airshow the launch of its newest pilot training innovation, the CAE Rise™ training system, with its longstanding partner AirAsia. CAE Rise™ is the first commercial offering of its Next Generation Training System strategic initiatives.
Backed by industry-leading technology, the CAE Rise™ training system will strengthen instructors’ ability to deliver standardized training in accordance with AirAsia’s Standard Operating Procedures (SOP), and enable instructors to objectively assess pilot competencies using live data during training sessions. Furthermore, it will equip AirAsia and CAE training stakeholders with deep analytical insights and a new source of data to enhance the airline’s pilot training program.
“We are excited today to launch CAE Rise™, which will strengthen instructors’ ability to train more consistently to each airline’s culture and reality”, said Nick Leontidis, CAE’s Group President, Civil Aviation Training Solutions. “CAE Rise™ also augments the instructors’ capability to identify pilot proficiency gaps and evolve our airline partners’ training programs to the most advanced aviation safety standards, including AQP/AQTP and Evidence-Based-Training (EBT) methodologies”.
CAE will begin CAE Rise™ training with AirAsia in the first half of 2018. CAE and AirAsia share a long-standing relationship that spans over 10 years, which started through the provisioning of pilot training capacity and training centre operation services. The partnership further evolved into the launch of an innovative MPL cadet training program to the complete outsourcing of AirAsia’s training needs, and now, the launch of CAE Rise™.