Cae Inc Stock Price, News & Analysis

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.

CAE has announced an agreement to acquire Sabre's AirCentre airline operations portfolio for US$392.5 million, aiming to enhance its digital flight operations capabilities. The AirCentre portfolio, which generated approximately US$150 million in revenue and US$55 million EBITDA in 2019, will add 500 skilled employees to CAE's workforce. The acquisition is projected to be accretive to CAE’s earnings per share and free cash flow in the first year post-closing, expected in early 2022.

CAE has partnered with BETA Technologies to develop a comprehensive training program for the ALIA Electric Vertical Takeoff and Landing Aircraft (eVTOL). This collaboration aims to create digital training solutions tailored for pilots and maintenance technicians, addressing the growing demand in the Advanced Air Mobility (AAM) sector. BETA, a leader in AAM, has secured significant orders from UPS and others, enhancing its market position. CAE's expertise will support BETA's aircraft certification, contributing to the future of sustainable aviation.

CAE announced the results of its 2021 Annual Meeting of Shareholders, where 11 nominees were elected to the board of directors. Vote percentages for the nominees were notably high, with Margaret S. Billson receiving 94.20% and Mary Lou Maher achieving 99.75%. The overall results reflect a strong support for the new board, indicating a stable leadership structure. Additionally, CAE highlighted its commitment to safety and innovation in digital immersion and its substantial recurring revenue, accounting for over 60% of total income.

CAE reported strong first-quarter results for fiscal 2022, with revenue reaching $752.7 million, up 37% from $550.5 million the previous year. The net income attributable to equity holders was $46.4 million ($0.16 per share), recovering from a loss of $110.6 million last year. Adjusted EPS was $0.19. The company concluded a $1.05 billion acquisition of L3Harris' Military Training segment. Despite the challenges of COVID-19, CAE anticipates continued strong growth, particularly in Civil Aviation and Defence, supported by new strategic partnerships and contracts.

CAE (NYSE: CAE, TSX: CAE) invites media, shareholders, and analysts to its virtual 2021 Annual Meeting on August 11, 2021, at 11:00 a.m. ET. Management will review fiscal year 2021 activities and first-quarter financial results for FY2022, ending June 30, 2021. A conference call specific to these results will occur at 1:30 p.m. ET. Key executives, including President Marc Parent and CFO Sonya Branco, will present and answer questions from media and analysts.

CAE will hold its 2021 Annual Meeting of Shareholders virtually on August 11, 2021, at 11:00 a.m. ET, where management will review fiscal year 2021 activities and the Q1 FY2022 results ending June 30, 2021. The Q1 FY2022 financial results will also be announced on the same day, followed by an analysts' conference call at 1:30 p.m. ET. Media inquiries can be directed to CAE's executives after the meeting at 12:00 p.m. ET.

CAE announced a C$1 billion investment over five years under Project Resilience, aiming to enhance innovations in aviation, defense, and healthcare. This initiative will enable CAE to lead in Advanced Air Mobility and develop green aircraft technologies, with a government partnership contributing C$340 million. The project anticipates creating 700 skilled jobs in Canada and 5,000 learning opportunities for students, reinforcing CAE's role in the aerospace sector while promoting sustainability and cutting-edge solutions.