MONTREAL, May 16, 2024 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) - CAE Inc. (CAE or the Company) today announced the appointment of Patrick Decostre to the Board of Directors, effective immediately. Mr. Decostre is President, Chief Executive Officer and a director of Boralex Inc., a provider of affordable renewable energy in North America and Europe. Prior to his appointment as President and CEO in 2020, he spent 18 years building Boralex's business from the ground up in Europe, where he initiated wind energy i ...

The first-quarter reporting cycle for defense stocks, which are housed within the broader Aerospace sector, is underway, with a handful of industry players having released mixed quarterly performance so far. In particular, while defense bigwigs like Northrop, L3Harris Technologies, Lockheed and RTX have beat on earnings, major contractors like General Dynamics and Textron lagged the same.Taking a look at the whole picture, we remain optimistic about the first-quarter results of the remaining defense majors, ...

CAE to deliver initial training for air traffic controllers and flight service specialists at the new Air Traffic Services Training Centre in Montreal. Partnership increases training capacity at NAV CANADA across the country and is expected to support the training for over 500 additional students by 2028. MONTREAL, April 16, 2024 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) – NAV CANADA and CAE today announced that they have signed a strategic agreement to increase training capacity for crucial air traffic servi ...

MONTREAL, Feb. 16, 2024 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) - CAE Inc. (CAE or the Company) today announced the closing of the sale of its Healthcare business to Madison Industries for an enterprise value of C$311 million, subject to customary adjustments. This follows CAE's announcement on October 24, 2023, of the execution of a definitive agreement in respect of the transaction. As previously disclosed, CAE intends to use the net proceeds of this sale principally to accelerate deleveraging, as well as t ...

CAE Inc. (NYSE:CAE) Q3 2024 Results Conference Call February 14, 2024 2:00 PM ET Company Participants Andrew Arnovitz - SVP, IR & Enterprise Risk Management Marc Parent - President and CEO Sonya Branco - Executive VP of Finance & CFO Conference Call Participants Fadi Chamoun - BMO Cameron Doerksen - National Bank Financial Kevin Chiang - CIBC James McGarragle - RBC Capital Markets Konark Gupta - Scotiabank Benoit Poirier - Desjardins Capital Markets Tim James - TD Cowen Kristine Liwag - Morgan Stanley Antho ...

CAE (CAE) reported $804.01 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 7%. EPS of $0.18 for the same period compares to $0.21 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $807.13 million, representing a surprise of -0.39%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.18.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expecta ...

CAE (CAE) came out with quarterly earnings of $0.18 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this civil and military flight simulator company would post earnings of $0.15 per share when it actually produced earnings of $0.20, delivering a surprise of 33.33%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.CAE, whi ...

CAE (CAE) closed the last trading session at $20.92, gaining 0.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $26.18 indicates a 25.1% upside potential.The mean estimate comprises 12 short-term price targets with a standard deviation of $3.01. While the lowest estimate of $19 indicates a 9.2% decline from the current price level, the most optimistic analyst expects the stock to ...

Revenue of $1,094.5 million vs. $969.9 million in prior year Earnings per share (EPS) from continuing operations of $0.18 vs. $0.24 in prior year Adjusted EPS(1) of $0.24 vs. $0.27 in prior year Operating income of $121.6 million vs. $142.1 million in prior year Adjusted segment operating income(1) of $145.1 million vs. $156.8 million in prior year Adjusted order intake(1) of $1,273.9 million for an $11.7 billion adjusted backlog(1)  Net debt-to-adjusted EBITDA(1) of 3.16x vs. 3.25x at the end of the prec ...

Non-IFRS financial measure, non-IFRS ratio, capital management measure, or supplementary financial measure. Refer to Section 11 "Non-IFRS and other financial measures and supplementary non-financial information" of this MD&A for the definitions and reconciliation of these measures to the most directly comparable measure under IFRS. The net income (loss) and other comprehensive income (loss) from discontinued operations are as follows: CAE Third Quarter Report 2024 I 19 We operate in several industry segment ...