CAE Inc., together with its subsidiaries, designs, manufactures, and supplies simulation equipment and training solutions to defense and security markets, commercial airlines, business aircraft operators, helicopter operators, aircraft manufacturers, and healthcare education and service providers worldwide. The company's Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as end to end digitally-enabled crew management, training operations solutions, and optimization software. Its Defence and Security segment offers training and mission support solutions for defense forces across multi-domain operations, and for government organizations responsible for public safety. The company's Healthcare segment provides integrated education and training solutions, including surgical and imaging simulations, curriculum, audiovisual and centre management platforms, and patient simulators to healthcare students and clinical professionals. It has a strategic partnership with Volocopter GmbH to develop, certify, and deploy a pilot training program for electric vertical takeoff and landing operations. The company was formerly known as CAE Industries Ltd. and changed its name to CAE Inc. in June 1993. CAE Inc. was founded in 1947 and is headquartered in Saint-Laurent, Canada.
IPO Year:
Exchange: NYSE
Website: cae.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/16/2024 | Overweight → Equal-Weight | Morgan Stanley | |
| 6/6/2024 | $21.00 | Hold | Jefferies |
| 5/22/2024 | Buy → Hold | Canaccord Genuity | |
| 5/21/2024 | Buy → Hold | Desjardins | |
| 1/22/2024 | Sector Outperform → Sector Perform | Scotiabank | |
| 11/29/2023 | Neutral → Underperform | BofA Securities | |
| 10/25/2023 | Hold → Buy | Canaccord Genuity | |
| 12/12/2022 | Equal-Weight → Overweight | Morgan Stanley | |
| 6/23/2022 | $40.00 | Outperform | RBC Capital Mkts |
| 6/6/2022 | Underperform → Neutral | BofA Securities |
MONTREAL, Nov. 12, 2024 /PRNewswire/ - (NYSE:CAE) (TSX: CAE) CAE announced today that after 20 years at CAE, including 15 as President and Chief Executive Officer, and after spearheading the making of CAE as a global leader in training for civil aviation and defence and security forces, Marc Parent will be leaving the company at next year's Annual General Meeting in August 2025, as part of an ongoing succession plan. Until this time, Mr. Parent will continue to lead CAE in his role as CEO and as a member of the Board of Directors, advance CAE's strategic objectives and ensure an effective transition. "Under Marc's leadership, CAE has become a global leader in training for civil aviation and
Revenue of $1,136.6 million vs. $1,050.0 million in prior yearEarnings per share (EPS) from continuing operations of $0.16 vs. $0.17 in prior yearAdjusted EPS(1) of $0.24 vs. $0.26 in prior yearOperating income of $118.1 million vs. $97.7 million in prior yearAdjusted segment operating income(1) of $149.0 million vs. $135.6 million in prior yearFree cash flow(1) of $140.0 million vs. $147.4 million in prior yearAdjusted order intake(1) of $3.0 billion for a record $18.0 billion adjusted backlog(1) Successfully concludes AirCentre integration and enterprise-wide restructuring programPost quarter, CAE purchased a majority stake in SIMCOM for US$230 million and extend an exclusive business avi
MONTREAL, Nov. 6, 2024 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) – CAE will release its fiscal year 2025 second quarter financial results on Tuesday, November 12, 2024, after market close. A conference call will be held the next day, Wednesday, November 13, 2024, at 8 a.m. Eastern Time (ET) to provide analysts and institutional investors with a review of CAE's performance and outlook. Marc Parent, CAE's President and Chief Executive Officer, Nick Leontidis, Chief Operating Officer, Constantino Malatesta, Interim Chief Financial Officer and Andrew Arnovitz, CAE's Senior Vice President, Investor Relations and Enterprise Risk Management, will participate in this call intended for financial analysts
Further supporting Flexjet's global pilot training needs to meet increasing pilot ranks MONTREAL, Nov. 4, 2024 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) - CAE announced today that it will increase its ownership stake in its existing SIMCOM Aviation Training (SIMCOM) joint venture by purchasing a majority of SIMCOM shares from Volo Sicuro for USD $230 million, subject to customary adjustments, to be financed with CAE's existing credit facility and cash on hand. As part of the transaction, Flexjet, LLC, a related party of Volo Sicuro, will retain a minority stake in SIMCOM following the closing, expected to take place in the coming days. Additionally, CAE and SIMCOM will each extend their respecti
Eight scholarships will be awarded to young Canadian women studying to become commercial pilots or aircraft maintenance engineersFour aspiring commercial pilots to become CAE Women in Flight ambassadorsScholarship applications open as of Nov. 1 hereMONTREAL, Oct. 31, 2024 /CNW/ - Air Canada and CAE, two Montreal-based global aviation companies, proudly continue their collaboration in fostering the next generation of women in non-traditional airline careers through the Captain Judy Cameron Scholarship, and today announced that applications for the 2025 edition of the Scholarship will open on November 1, 2024.
MONTREAL, Oct. 1, 2024 /PRNewswire/ - CAE announced today that it has signed a 25-year sub-contract valued at approximately $1.7 billion from SkyAlyne, a joint venture between CAE and KF Aerospace, to provide the Royal Canadian Air Force (RCAF) with modern, state-of-the-art pilot training. As a major subcontractor to the Future Air Crew Training (FAcT) program, CAE will deliver over the course of the contract term comprehensive aircrew training including live flying, simulation, and ground school training. This will extend CAE's long-standing presence at 15 Wing Moose Jaw where CAE currently operates the NATO Flying Training in Canada (NFTC) program. As part of this sub-contract, CAE will i
MONTREAL, Aug. 14, 2024 /PRNewswire/ - (NYSE:CAE) (TSX: CAE) CAE announces the final director election results from its 2024 Annual Meeting of Shareholders. The following 13 nominees were elected as Directors of CAE: Nominee Votes for For(%) Votes against Against (%) Ayman Antoun 240,849,773 98.95 % 2,560,799 1.05 % Margaret S. (Peg) Billson 225,396,351 92.60 % 18,014,220 7.40 % Sophie Brochu 242,411,606 99.59 % 998,799 0.41 % Patrick Decostre 242,166,023 99.49 % 1,244,549 0.51 % Elise Eberwein 240,915,635 98.98 % 2,494,937 1.02 % Ian L. Edwards 242,111,993 99.47 % 1,298,412 0.53 % Marianne Harrison 240,115,411 98.65 % 3,295,160 1.35 % Alan N. MacGibbon 241,199,907 99.09 % 2,210,665 0.91
Revenue of $1,072.5 million vs. $1,012.0 million in prior yearEarnings per share (EPS) from continuing operations of $0.15 vs. $0.20 in prior yearAdjusted EPS(1) of $0.21 vs. $0.24 in prior yearOperating income of $108.6 million vs. $128.3 million in prior yearAdjusted segment operating income(1) of $134.2 million vs. $143.3 million in prior yearAdjusted order intake(1) of $1,192.0 million for a $17.0 billion adjusted backlog(1)Net debt-to-adjusted EBITDA(1) of 3.41x (3.11x excluding Legacy Contracts(1)(2)) vs. 3.17x (2.89x excluding Legacy Contracts) at the end of the preceding quarter463,500 common shares repurchased at a weighted average price of $25.21 and cancelled under NCIBComparative
MONTREAL, Aug. 7, 2024 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) – Analysts and institutional investors are invited to virtually attend CAE's FY2025 Q1 financial results conference call on Wednesday, August 14, at 8:00 a.m. Eastern Time (ET). CAE will also hold its FY2024 Annual Meeting of Shareholders at 11:00 a.m. ET on the same day via a live webcast. Please see below for details. FY2025 first quarter financial results Who: Marc Parent, President and Chief Executive Officer Sonya Branco, Executive Vice President, Finance and Chief Financial Officer Andrew Arnovitz, CAE's Senior Vice President, Investor Relations and Enterprise Risk Management What: CAE's FY2025 Q1 financial results When: Wedn
MONTREAL, July 25, 2024 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) - CAE Inc. (CAE or the Company) today announced that Sonya Branco, Executive Vice President, Finance and Chief Financial Officer ("CFO"), has advised the company of her intention to step down from her position at the end of August to pursue interests outside of CAE. As part of CAE's succession plan, Constantino Malatesta, Chief Accounting Officer and Vice-President, Controller Office, will become interim CFO following Ms. Branco's departure. A process is underway to identify and select a permanent CFO, and Ms. Branco will continue in a support capacity to ensure a seamless transition. Ms. Branco has been CAE's Executive Vice Presid
Morgan Stanley downgraded CAE from Overweight to Equal-Weight
Jefferies initiated coverage of CAE with a rating of Hold and set a new price target of $21.00
Canaccord Genuity downgraded CAE from Buy to Hold
Desjardins downgraded CAE from Buy to Hold
Scotiabank downgraded CAE from Sector Outperform to Sector Perform
BofA Securities downgraded CAE from Neutral to Underperform
Canaccord Genuity upgraded CAE from Hold to Buy
Morgan Stanley upgraded CAE from Equal-Weight to Overweight
RBC Capital Mkts resumed coverage of CAE with a rating of Outperform and set a new price target of $40.00
BofA Securities upgraded CAE from Underperform to Neutral
Jefferies analyst Sheila Kahyaoglu initiates coverage on CAE (NYSE:CAE) with a Hold rating and announces Price Target of $21.
RBC Capital analyst James McGarragle maintains CAE (TSX:CAE) with a Outperform and lowers the price target from C$34 to C$31.
CAE (NYSE:CAE) reported quarterly earnings of C$0.37 per share which missed the analyst consensus estimate of C$0.42 by 11.9 percent. This is a 12.12 percent increase over earnings of C$0.33 per share from the same period last year. The company reported quarterly sales of C$1.126 billion which missed the analyst consensus estimate of C$1.286 billion by 12.46 percent. This is a 5.93 percent decrease over sales of C$1.197 billion the same period last year.
Shares of XP Inc. (NASDAQ:XP) fell sharply during Wednesday's session after the company reported worse-than-expected first-quarter EPS results. XP posted quarterly earnings of 37 cents per share, missing market estimates of 40 cents per share. The company's quarterly sales came in at $818.79 million versus expectations of $784.08 million, according to data from Benzinga Pro. XP shares dipped 11.5% to $18.99 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers Akoustis Technologies, Inc. (NASDAQ:AKTS) shares climbed 213.3% to $0.4254 after the company reportedly floated the probability of bankruptcy after losing a lawsuit against Qorvo. Barnes
Summary of preliminary consolidated fourth quarter and full-year fiscal 2024 unaudited results(amounts in millions, except per share amounts) FY2024 FY2023 Q4-2024 Q4-2023Revenue$4,282.8 4,010.6 1,126.3 1,197.4Operating (loss) income$(185.4) 466.0 (533.0) 178.3Adjusted segment operating income$549.7 538.4 125.7 193.4As a % of revenue%12.8 13.4 11.2 16.2Adjusted segment operating income excluding Legacy Contracts$640.0 538.4 216.0 193.4As a % of revenue%14.9 13.4 19.2 16.2Net (loss) income attributable to equity holders of the Company$(325.3) 220.6 (504.7) 93.6(Loss) earnings per share (EPS)$(1.02) 0.69 (1.58) 0.29Adjusted EPS(1)$0.87 0.87 0.12 0.33Adjusted EPS excluding Legacy Contracts(1)$1
Revenue of $1,136.6 million vs. $1,050.0 million in prior yearEarnings per share (EPS) from continuing operations of $0.16 vs. $0.17 in prior yearAdjusted EPS(1) of $0.24 vs. $0.26 in prior yearOperating income of $118.1 million vs. $97.7 million in prior yearAdjusted segment operating income(1) of $149.0 million vs. $135.6 million in prior yearFree cash flow(1) of $140.0 million vs. $147.4 million in prior yearAdjusted order intake(1) of $3.0 billion for a record $18.0 billion adjusted backlog(1) Successfully concludes AirCentre integration and enterprise-wide restructuring programPost quarter, CAE purchased a majority stake in SIMCOM for US$230 million and extend an exclusive business avi
MONTREAL, Nov. 6, 2024 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) – CAE will release its fiscal year 2025 second quarter financial results on Tuesday, November 12, 2024, after market close. A conference call will be held the next day, Wednesday, November 13, 2024, at 8 a.m. Eastern Time (ET) to provide analysts and institutional investors with a review of CAE's performance and outlook. Marc Parent, CAE's President and Chief Executive Officer, Nick Leontidis, Chief Operating Officer, Constantino Malatesta, Interim Chief Financial Officer and Andrew Arnovitz, CAE's Senior Vice President, Investor Relations and Enterprise Risk Management, will participate in this call intended for financial analysts
Revenue of $1,072.5 million vs. $1,012.0 million in prior yearEarnings per share (EPS) from continuing operations of $0.15 vs. $0.20 in prior yearAdjusted EPS(1) of $0.21 vs. $0.24 in prior yearOperating income of $108.6 million vs. $128.3 million in prior yearAdjusted segment operating income(1) of $134.2 million vs. $143.3 million in prior yearAdjusted order intake(1) of $1,192.0 million for a $17.0 billion adjusted backlog(1)Net debt-to-adjusted EBITDA(1) of 3.41x (3.11x excluding Legacy Contracts(1)(2)) vs. 3.17x (2.89x excluding Legacy Contracts) at the end of the preceding quarter463,500 common shares repurchased at a weighted average price of $25.21 and cancelled under NCIBComparative
MONTREAL, Aug. 7, 2024 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) – Analysts and institutional investors are invited to virtually attend CAE's FY2025 Q1 financial results conference call on Wednesday, August 14, at 8:00 a.m. Eastern Time (ET). CAE will also hold its FY2024 Annual Meeting of Shareholders at 11:00 a.m. ET on the same day via a live webcast. Please see below for details. FY2025 first quarter financial results Who: Marc Parent, President and Chief Executive Officer Sonya Branco, Executive Vice President, Finance and Chief Financial Officer Andrew Arnovitz, CAE's Senior Vice President, Investor Relations and Enterprise Risk Management What: CAE's FY2025 Q1 financial results When: Wedn
Financials unchanged from previously disclosed preliminary results MONTREAL, May 27, 2024 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) - CAE Inc. (CAE or the Company) today reported its financial report for the fiscal year ended March 31, 2024. Financial results are unchanged from preliminary data that CAE disclosed on May 21, 2024, including the re-baselining of the Defense & Security business along with Defense & Security impairments and unfavourable contract adjustments related to eight previously identified fixed-price legacy contracts (the Legacy Contracts). All financial information is in Canadian dollars. "Last week we acted decisively and took the necessary steps to provide a clear path to m
MONTREAL, May 23, 2024 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) – CAE will release its fourth quarter and full-year FY2024 financial results on Monday, May 27, 2024, after market close. A conference call will be held on Tuesday, May 28, 2024, at 8 a.m. Eastern Time (ET) to provide analysts and institutional investors with a review of CAE's performance and outlook. Marc Parent, CAE's President and Chief Executive Officer, Nick Leontidis, CAE's Chief Operating Officer, Sonya Branco, CAE's Executive Vice President, Finance and Chief Financial Officer, and Andrew Arnovitz, CAE's Senior Vice President, Investor Relations and Enterprise Risk Management, will participate in this call intended for finan
Defense records $568.0 million goodwill impairment, $90.3 million unfavourable contract adjustments, and $35.7 million impairment of related intangible assetsPreliminary unaudited fiscal fourth quarter and full fiscal 2024 results and initial fiscal 2025 outlook providedBoard approves NCIB for the repurchase of up to 5% of CAE's common sharesFourth quarter and full year fiscal 2024 results to be disclosed after market hours on May 27Management to discuss financial results and outlook on May 28 earnings callMONTREAL, May 21, 2024 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) - CAE Inc. (CAE or the Company) today announced a re-baselining of its Defense business along with Defense impairments and unfavo
Revenue of $1,094.5 million vs. $969.9 million in prior yearEarnings per share (EPS) from continuing operations of $0.18 vs. $0.24 in prior yearAdjusted EPS(1) of $0.24 vs. $0.27 in prior yearOperating income of $121.6 million vs. $142.1 million in prior yearAdjusted segment operating income(1) of $145.1 million vs. $156.8 million in prior yearAdjusted 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 preceding quarterComparative figures have been reclassified to reflect discontinued operationsMONTREAL, Feb. 14, 2024 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) - CAE Inc. (CAE or the Company) today reporte
MONTREAL, Feb. 8, 2024 /PRNewswire/ - (NYSE:CAE, TSX:CAE) – CAE will release its fiscal year 2024 third quarter results on Wednesday, February 14, 2024. A conference call will be held on the same day at 2 p.m. Eastern Time (ET) to provide analysts and institutional investors with a review of CAE's performance and outlook. Marc Parent, CAE's President and Chief Executive Officer, Sonya Branco, CAE's Executive Vice President, Finance and Chief Financial Officer, and Andrew Arnovitz, CAE's Senior Vice President, Investor Relations and Enterprise Risk Management, will participate in this call intended for financial analysts, institutional investors and the media. Please note that the media will
Revenue of $1,088.5 million vs. $993.2 million in prior yearEarnings per share (EPS) of $0.18 vs. $0.14 in prior yearAdjusted EPS(1) of $0.27 vs. $0.19 in prior yearOperating income of $100.6 million vs. $102.1 million in prior yearAdjusted segment operating income(1) of $138.5 million vs. $124.7 million in prior yearAdjusted order intake(1) of $1,183.6 million for a record $11.8 billion adjusted backlog(1) Net debt-to-adjusted EBITDA(1) of 3.16x vs. 3.22x at the end of the preceding quarterAnnounced the sale of Healthcare subsequent to the end of the quarterMONTREAL, Nov. 14, 2023 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) - CAE Inc. (CAE or the Company) today reported revenue of $1,088.5 million
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Eight scholarships will be awarded to young Canadian women studying to become commercial pilots or aircraft maintenance engineersFour aspiring commercial pilots to become CAE Women in Flight ambassadorsScholarship applications open as of Nov. 1 hereMONTREAL, Oct. 31, 2024 /CNW/ - Air Canada and CAE, two Montreal-based global aviation companies, proudly continue their collaboration in fostering the next generation of women in non-traditional airline careers through the Captain Judy Cameron Scholarship, and today announced that applications for the 2025 edition of the Scholarship will open on November 1, 2024.
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 initiatives and directed all operations and development activities of Boralex's European subsidiaries. Mr. Decostre, an engineering physicist, graduated from the École Polytechnique of Bruss
MONTREAL, April 4, 2024 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) - CAE Inc. today announced changes to its Defense & Security business unit's leadership team. Jason Goodfriend has been appointed Interim Group President, Defense & Security, effective immediately. Mr. Goodfriend replaces Daniel Gelston, who will remain at CAE in a supporting capacity through May 2024. CAE thanks Mr. Gelston for his vision, leadership and many accomplishments and wishes him well in his future endeavours. Mr. Goodfriend, based in Chantilly, Virginia, joined CAE in January 2023 as Chief Operating Officer (COO) for CAE's Defense & Security business unit. CAE created the COO position at the Defense & Security business
The two global aviation companies continue to foster the next generation of women in aviation Eight women awarded Judy Cameron scholarships as program celebrates fifth anniversary MONTREAL, March 8, 2024 /CNW/ - Today on International Women's Day, Air Canada and CAE are proud to announce the eight winners of the 2024 Captain Judy Cameron Scholarships. The two Montreal-based global aviation companies have again joined forces, to award scholarships to eight women from across Canada who are pursuing careers as commercial pilots or aircraft maintenance engineers. The four CAE recipients training to become commercial pilots will become CAE Women in Flight program ambassadors and play a key role
MONTREAL, Nov. 21, 2023 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) For the second consecutive year, CAE has been named one of Canada's Top 100 Employers, a prestigious designation recognizing Canadian employers leading their industries by offering flexible and adaptable workplaces to their employees. CAE is proud to be recognized as a people-centric employer committed to creating new ways of working, anticipating employees' needs, and focusing on future skills development. "At CAE, our people are at the heart of everything we do. We are a proud global company with deep Canadian roots providing a collaborative, innovative and forward-thinking work environment," said Marc Parent, President and Chief
MONTREAL, April 1, 2022 /PRNewswire/ - (NYSE:CAE, TSX:CAE) - CAE announced today the appointment of Patrick M. Shanahan as a new member of CAE's Board of Directors. "We are very pleased to welcome Patrick M. Shanahan to CAE's Board of Directors. Mr. Shanahan's more than 30 years of experience in the defense sector will help CAE achieve greater alignment with the needs and priorities of National Defense Departments, from the U.S. and Canada, to NATO and allies worldwide. He brings deep knowledge of Defense policy, strategy, technology, supply chain and operations that will st
MONTREAL, May 3, 2021 /PRNewswire/ - (NYSE:CAE); (TSX:CAE) – CAE announced today the appointment of Mary Lou Maher, FCPA, FCA, as a new member of CAE's Board of Directors. "We are very pleased to welcome Mary Lou Maher to CAE's Board of Directors, she brings with her over 35 years of experience in finance, risk management, risk governance, diversity and inclusion, and human resources management," said the Honourable John Manley, Chair of CAE's Board of Directors. Mary Lou Maher was Canadian Managing Partner, Quality and Risk for KPMG Canada and Global Head of Inclusion and Diversity for KPMG International from 2017 to February 2021. Over her 38 years at KPMG she has held various executive