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CAE Inc (CAE.TO)

CAE.TO on Toronto Stock Exchange

25.68CAD
7 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Bombardier Reports Results, to cut 5,000 Jobs
Thursday, 8 Nov 2018 05:30am EST 

Nov 8 (Reuters) - Bombardier Inc BBDB.TO::QTRLY EARNINGS PER SHARE $0.04, QTRLY ADJUSTED EARNINGS PER SHARE $0.04, QTRLY REVENUE $3.64 BILLION, DOWN 5 PERCENT.QTRLY BUSINESS AIRCRAFTS REVENUE $1.08 BILLION, UP 1 PERCENT; QTRLY BUSINESS AIRCRAFTS DELIVERIES 31 UNITS, UP 1 UNIT.AT QUARTER-END, BUSINESS AIRCRAFT ORDER BACKLOG $14.3 BILLION VERSUS $13.8 BILLION AT END OF DEC 31, 2017.QTRLY COMMERCIAL AIRCRAFTS REVENUE $256 MILLION VERSUS $515 MILLION; QTRLY COMMERCIAL AIRCRAFTS DELIVERIES 5 UNITS, DOWN 6 UNITS.COMMERCIAL AIRCRAFT ORDER BACKLOG 122 UNITS AT QUARTER-END VERSUS 85 UNITS AT END OF DEC 31, 2017.QTRLY BOMBARDIER TRANSPORTATION REVENUE $2.140 BILLION VERSUS $2.146 BILLION; QTRLY TRANSPORTATION ORDER INTAKE $1.9 BILLION, UP 6 PERCENT.BOMBARDIER TRANSPORTATION ORDER BACKLOG $33.9 BILLION AT QUARTER-END, VERSUS $35.1 BILLION AT END OF DEC 31, 2017.ENTERPRISE-WIDE PRODUCTIVITY INITIATIVES LAUNCHED, EXPECTED TO GENERATE $250 MILLION IN ANNUAL RECURRING SAVINGS BY 2021.GLOBAL 7500 ON TRACK FOR ENTRY INTO SERVICE BEFORE YEAR END.2018 GUIDANCE UPDATED; SEES REVENUE ABOUT $16.5 BILLION, EBIT ABOUT $1 BILLION & FCF BREAKEVEN ±$150 MILLION, INCLUDING NET PROCEEDS FROM DOWNSVIEW SALE.2019 TARGETS OF REVENUE UP ABOUT 10 PERCENT, EBIT UP ABOUT ABOUT 20% WITH IMPROVED CASH GENERATION; ; REAFFIRMS 2020 TARGETS.REACHED AGREEMENTS FOR SALE OF NON-CORE ASSETS & MONETIZATION OF ROYALTIES WHICH WILL GENERATE ABOUT $900 MILLION IN NET PROCEEDS.  Full Article

CAE To Buy Bombardier Business Aircraft Training For $645 Mln
Thursday, 8 Nov 2018 05:30am EST 

Nov 8 (Reuters) - CAE Inc ::CAE TO ACQUIRE BOMBARDIER BUSINESS AIRCRAFT TRAINING FOR US$645 MILLION TO EXPAND ITS POSITION IN BUSINESS AVIATION TRAINING.CAE INC - CAE'S OUTLOOK FOR ITS CURRENT FISCAL YEAR 2019 REMAINS UNCHANGED.CAE INC - FINANCING ACQUISITION WITH A COMBINATION OF CASH ON HAND, DRAWING ON ITS EXISTING BANK FACILITY AND NEW COMMITTED TERM LOANS.CAE INC - DEAL TO PROVIDE CO HIGH SINGLE-DIGIT PERCENTAGE EARNINGS ACCRETION AND WILL BE ACCRETIVE TO FREE CASH FLOW.CAE INC - DEAL ALSO TO BE ACCRETIVE TO CO'S CIVIL SEGMENT OPERATING INCOME MARGIN BY ABOUT 100-150 BPS.  Full Article

CAE USA Awarded $200 Mln U.S. Air Force C-130H Aircrew Training System Contract
Wednesday, 26 Sep 2018 06:00am EDT 

Sept 26 (Reuters) - CAE Inc ::CAE USA AWARDED $200 MILLION U.S. AIR FORCE C-130H AIRCREW TRAINING SYSTEM CONTRACT.CAE INC - EIGHT-YEAR CONTRACT, AWARDED AS 3-MONTH TRANSITION EFFECTIVE OCT 1, WITH ONE-YEAR BASE PERIOD AND SEVEN ADDITIONAL OPTION PERIODS.  Full Article

CAE Acquires Alpha-Omega Change Engineering
Wednesday, 1 Aug 2018 06:00am EDT 

Aug 1 (Reuters) - CAE Inc ::CAE INC - DEAL FOR FOR APPROXIMATELY US$29 MILLION, EXCLUDING POST-CLOSING ADJUSTMENTS..CAE ACQUIRES ALPHA-OMEGA CHANGE ENGINEERING (AOCE).CAE INC - UNIT ACQUIRED ALPHA-OMEGA CHANGE ENGINEERING.  Full Article

CAE To Buy Up To 600,000 Common Shares Under Its Normal Course Issuer Bid Through Private Agreement
Thursday, 28 Dec 2017 06:00am EST 

Dec 28 (Reuters) - CAE Inc ::CAE TO PURCHASE UP TO 600,000 COMMON SHARES UNDER ITS NORMAL COURSE ISSUER BID THROUGH A PRIVATE AGREEMENT.CAE - PURCHASE TO BE MADE PURSUANT TO ISSUER BID EXEMPTION ORDER ISSUED BY ONTARIO SECURITIES COMMISSION ON DEC 21.  Full Article

CAE reports Q2 earnings per share C$0.22 excluding items
Friday, 10 Nov 2017 08:20am EST 

Nov 10 (Reuters) - CAE Inc :CAE reports second quarter fiscal 2018 results.Q2 earnings per share C$0.22 excluding items.Q2 earnings per share C$0.24 from continuing operations.Q2 revenue C$646 million versus I/B/E/S view C$692 million.Q2 earnings per share view C$0.24 -- Thomson Reuters I/B/E/S.CAE Inc - ‍Management outlook for fiscal 2018 unchanged​.CAE Inc - ‍Defence backlog, including options and CAE's interest in joint ventures, at end of quarter was $3.6 billion​.CAE Inc - ‍Performance in quarter "continues to support" full year outlook​.CAE Inc - ‍Total orders for quarter was $931 million, with more than half coming from co's defence customers​.  Full Article

CAE reports Q3 earnings per share C$0.26 excluding items
Tuesday, 14 Feb 2017 08:16am EST 

CAE Inc : CAE reports third quarter fiscal 2017 results . Q3 earnings per share c$0.25 from continuing operations . Q3 revenue c$682.7 million versus I/B/E/S view c$666.7 million . Q3 earnings per share view c$0.23 -- Thomson Reuters I/B/E/S . Q3 earnings per share c$0.26 excluding items . CAE inc - CAE continues to expect revenue and operating income growth in all segments in fiscal year 2017 . CAE Inc - expects level of total capital expenditures in fiscal 2017 to remain relatively stable with prior year ($117.8 million) . CAE Inc - company continues to expect modest growth in defence and now anticipates lower than expected growth in healthcare this year . CAE Inc - $7.4 billion backlog at quarter-end .CAE Inc- Q3 net income before specific items $0.26 per share.  Full Article

CAE renews its normal course issuer bid
Tuesday, 14 Feb 2017 08:14am EST 

CAE Inc : CAE renews its normal course issuer bid .CAE Inc - approved renewal of its normal course issuer bid to purchase, for cancellation, up to 5.4 million of its common shares.  Full Article

Canada's CAE sees surge in global demand for pilots in next decade

Oct 16 Aviation training firm CAE Inc said on Tuesday it expects global demand for pilots to rise with fleet growth and changing crew ratios, and the active combined airline and business jet pilot population will exceed half a million by 2028.