CAE Inc T.CAE

Alternate Symbol(s): CAE

Industrials Aerospace & Defense

CAE Inc. is a technology company. It operates in two segments: Civil Aviation and Defense and Security. The Civil Aviation training segment provides comprehensive training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a complete range of flight simulation training devices, ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions. It manages approximately 324 full-flight simulators. Its training systems includes CAE Real-time Insights and Standardized Evaluations (CAE Rise), which improves training through the integration of untapped flight and simulator data-driven insights into training. The Defense and Security segment provides platform-independent training and simulation solutions, preparing global defense and security forces for the mission ahead. In addition to solutions delivered to customer sites, it provides comprehensive training at its CAE global training centers.

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Post by Betteryear2on Nov 12, 2021 6:03am

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Post# 34118316

second quarter fiscal 2022 results

Revenue of $814.9 million up 16% vs. $704.7 million in prior year
EPS of $0.04 vs. negative $0.02 in prior year
Adjusted EPS(1) of $0.17 vs. $0.13 ($0.03 excluding COVID-19 government support programs(2)) in prior year
Operating income(3) of $39.2 million vs. $28.2 million in prior year
Adjusted segment operating income(4) of $90.7 million vs. $79.3 million ($44.1 million excluding COVID-19 government support programs(5)) in prior year
Orders(6) of $871.4 million for $8.8 billion backlog(6) and 1.07x book-to-sales ratio(6)
Announced agreement post quarter to acquire Sabre's AirCentre airline operations portfolio

MONTREAL, Nov. 11, 2021 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) - CAE today reported revenue of $814.9 million for the second quarter of fiscal 2022, compared with $704.7 million in the second quarter last year. Second quarter net income attributable to equity holders was $14.0 million ($0.04 per share) compared to a loss of $5.2 million (negative $0.02 per share) last year. Adjusted net income(7) in the second quarter of fiscal 2022 was $53.2 million ($0.17 per share) compared to $34.2 million ($0.13 per share) last year.

Operating income this quarter was $39.2 million (4.8% of revenue), compared to $28.2 million in the second quarter of fiscal 2021. Second quarter adjusted segment operating income was $90.7 million (11.1% of revenue) compared to $79.3 million last year. Adjusted segment operating income excluding COVID-19 government support programs was $90.7 million (11.1% of revenue) compared to $44.1 million last year. All financial information is in Canadian dollars unless otherwise indicated.