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CAE Inc. (NYSE: CAE; TSX: CAE) stands as a global leader in training and simulation solutions for the civil aviation, defense and security, and healthcare markets. With over seven decades of innovation, CAE designs and integrates comprehensive training solutions, leveraging the expertise of its 8,000 employees and world-leading simulation technologies. Headquartered in Montreal, Canada, CAE operates 160 sites and training locations in 35 countries, making it the broadest network in the industry.
Civil Aviation: CAE trains more than 120,000 civil and defense crewmembers annually, providing advanced flight simulators and comprehensive pilot training programs. The company also manages a substantial fleet of flight simulators, enhancing accessibility and training efficiency for airlines worldwide.
Defense & Security: CAE offers mission support and training solutions for defense forces, utilizing high-fidelity simulation technologies to prepare military personnel for real-life scenarios. The company's defense projects are focused on improving combat readiness and operational efficiency of military forces globally.
Healthcare: Recent divestitures have seen CAE streamline its focus, yet it remains committed to providing simulation-based healthcare training solutions to nurture the proficiency of medical professionals.
CAE has a strong commitment to sustainability, becoming the first Canadian aerospace company to be carbon-neutral in 2020. The company continues to push the envelope with technological advancements, such as integrating Epic Games' Unreal Engine into its simulators for ultra-realistic training experiences.
Financially, CAE showcases a robust performance with a diversified revenue stream. Despite recent restructuring to optimize cost and streamline operations, CAE maintains strong market leadership in its core domains. Strategic partnerships, innovative technology integrations, and a focus on environmental, social, and governance (ESG) practices underpin CAE’s sustained growth and operational excellence.
Follow CAE on Twitter @CAE_Inc or visit their career page at www.cae.com for more information.
CAE reported revenue of $848.7 million for Q3 FY2022, a 2% increase from $832.4 million last year. Net income was $26.2 million ($0.08 per share), down 46% from $48.8 million ($0.18 per share) year-over-year. Adjusted EPS was $0.19, a 14% decline. However, adjusted segment operating income rose 16% to $112.7 million, with free cash flow of $282.1 million, up 26%. The company secured $1.377 billion in orders, contributing to a backlog of $9.2 billion. Concerns remain over ongoing pandemic-related disruptions impacting market recovery.
CAE will announce its fiscal year 2022 third quarter results on February 11, 2022, and hold a conference call at 1 p.m. ET. This call will feature key executives including CEO Marc Parent and CFO Sonya Branco, aimed at providing insights into CAE's performance and future outlook. The event will be accessible via a live webcast and archived for later viewing. Notably, CAE's business model features over 60% recurring revenue, indicating financial stability.
CAE will publish its fiscal year 2022 third quarter results on February 11, 2022. The conference call, set for 1 p.m. ET, will include executive insights from Marc Parent, President and CEO, Sonya Branco, CFO, and Andrew Arnovitz, Senior VP, Investor Relations. The call aims to offer analysts and investors a comprehensive overview of the company’s performance and future outlook, emphasizing CAE's leadership in digital immersion solutions across aviation, defense, and healthcare. A live webcast will be available on CAE's website.
Pivotree and VTEX have successfully launched four digital storefronts for CAE, enhancing their B2B commerce marketplace. This initiative, part of CAE's digital transformation strategy, aims to improve customer experiences in civil aviation, defense, and healthcare. The digital platform consolidates commerce, marketplace, and order management efficiently. With a robust partnership, Pivotree and VTEX leverage their expertise to deploy these solutions rapidly, addressing CAE's diverse business models while maintaining a low total cost of ownership.
CAE's CEO, Marc Parent, received the Industry Leader of the Year Award at the prestigious Living Legends of Aviation event in Beverly Hills. This accolade celebrates his significant contributions to the aerospace industry over his career. Under his leadership since 2009, CAE has become a global leader in pilot and crew training, with over 60 training locations worldwide. Parent, previously honored as a Member of the Order of Canada, emphasized the importance of inspiring the next generation of aviation professionals.
CAE has successfully raised $1 million in its 2021 fundraising campaign for Centraide (United Way), marking the third consecutive year of achieving this milestone through employee contributions and corporate support. CAE has donated a total of $14.6 million to Centraide of Greater Montreal since 2000. CEO Marc Parent emphasized the company's commitment to helping vulnerable communities impacted by the pandemic. Additionally, CAE continues to engage in various community support initiatives in education, defense, and healthcare.
CAE reported second quarter fiscal 2022 revenue of $814.9 million, a 16% increase from $704.7 million last year. Net income attributable to equity holders was $14 million ($0.04 per share), compared to a loss of $5.2 million last year. Adjusted EPS was $0.17, up from $0.13. Operating income rose to $39.2 million from $28.2 million. CAE recorded $871.4 million in orders, maintaining a backlog of $8.8 billion. The company aims for an adjusted segment operating margin of 17% post-pandemic.
CAE will announce its fiscal year 2022 second quarter results on November 11, 2021, at 1 p.m. ET. A conference call will follow, featuring CAE's leadership team, including CEO Marc Parent, CFO Sonya Branco, and SVP Andrew Arnovitz, to discuss financial performance and outlook. The call is aimed at analysts, investors, and media, with a Q&A session afterward. A live webcast will be available on CAE’s website and an instant replay will be provided afterward.
CAE will announce its fiscal year 2022 second quarter results on November 11, 2021. A conference call will take place at 1 p.m. ET to discuss the company's performance and future outlook. Key executives, including Marc Parent and Sonya Branco, will present during the call, which is intended for analysts and institutional investors. The call will be available via webcast. CAE has a strong recurring revenue model, with over 60% of its revenue recurring, and has a significant global presence with more than 11,000 employees.
CAE has agreed to acquire Sabre's AirCentre airline operations portfolio for US$392.5 million. The deal includes AirCentre's flight and crew management solutions and its 500 employees. In 2019, AirCentre reported approximately US$150 million in revenue and US$55 million in EBITDA. This acquisition aims to enhance CAE's digital flight operations and is expected to be EPS accretive in the first year. For Sabre, this divestiture aligns with its strategic initiatives, allowing it to focus on growth opportunities.
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