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, 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
MONTREAL, June 27, 2024 /PRNewswire/ - CAE (NYSE:CAE) (TSX:CAE) is pleased to unveil its fiscal year 2024 Global Annual Activity and Sustainability Report. This extensive document highlights CAE's proactive strides in integrating environmental, social, and economic factors across its operations. This showcases the tangible actions undertaken to foster sustainable growth and yield positive outcomes for stakeholders and broader society. "At CAE, we are elevating our commitment to sustainability, not just as a corporate responsibility, but as a business imperative that positions us at the forefront of our industry," said Marc Parent, CAE's President and Chief Executive Officer. "Our comprehens
SAVANNAH, Ga., June 20, 2024 /PRNewswire/ - (NYSE: CAE) (TSX:CAE) – CAE today inaugurated its first Gulfstream-dedicated business aviation training center, which will be a key component to training more pilots and maintenance technicians over the coming decades. Located near Gulfstream Aerospace Corp. headquarters in Savannah, the new center has a capacity for up to four full-flight simulators (FFS). The first, a Gulfstream G550 FFS, began operating last January, and the second, a Gulfstream G280 FFS, will be ready for training in July. The maintenance training program, which will include state-of-the-art virtual reality, will be offered on Gulfstream G280, G650, and G500/G600 business jets.
MONTREAL, June 11, 2024 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) - The Board of Directors of CAE Inc. (CAE or the Company) today announced the nomination of Ian L. Edwards for election to the Board at CAE's Annual General Meeting (AGM) scheduled for August 14, 2024. Mr. Edwards is the President and Chief Executive Officer of the global professional services and project management company AtkinsRéalis Group Inc., formerly SNC-Lavalin. The other nominees to CAE's Board consist of 12 current directors, five of whom joined the Board since 2022. More information about the current CAE Board is available on its website at this link and more details regarding all of CAE's nominees will be provided in a
OTTAWA, ON, May 30, 2024 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) CAE today announced that CAE Defense & Security has been awarded a contract from General Atomics Aeronautical Systems, Inc. (GA-ASI) to support the MQ-9B SkyGuardian® Remotely Piloted Aircraft Systems (RPAS) acquired by the Government of Canada. The minimum contract value is $250M for the initial 9 years with additional option years over the total period of performance. Under the terms of the contract, CAE will deliver aircrew and maintenance technician training, supporting training devices and courseware to meet Canada's RPAS requirements. CAE will also provide experienced maintenance technicians to augment the Royal Canadian Air
MONTREAL, May 29, 2024 /PRNewswire/ - (NYSE: CAE) (TSX:CAE) – CAE announced that its SkyAlyne joint venture was today awarded a C$11.2-billion, 25-year contract for Canada's Future Aircrew Training (FAcT) Program. "CAE has proudly worked alongside the Royal Canadian Air Force (RCAF) for more than 75 years to design and deliver training, services, and technologies that support the mission readiness of Canada's aviators," said Marc Parent, CAE's President and Chief Executive Officer. "Today's announcement regarding the Future Aircrew Training Program is a significant achievement in the ongoing modernization efforts of Canada's defence forces. FAcT is a transformational win for SkyAlyne and C
MONTREAL, May 27, 2024 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) – CAE Inc. today announced that it has received regulatory approval to proceed with its previously-announced normal course issuer bid ("NCIB") to purchase, for cancellation, up to 15,932,187 of its common shares commencing May 30, 2024 and ending May 29, 2025. The maximum number of common shares that may be repurchased under the program represents approximately five percent (5%) of the issued and outstanding common shares of CAE. The actual number of common shares purchased under the NCIB, the timing of purchases and the price at which the common shares are bought will depend upon management discretion based on factors such as marke
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
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
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
Revenue of $1,054.4 million vs. $933.3 million in prior yearDiluted earnings per share (EPS) of $0.20 vs. $0.01 in prior yearAdjusted EPS(1) of $0.24 vs. $0.06 in prior yearOperating income of $130.1 million vs. $39.4 million in prior yearAdjusted segment operating income(1) of $145.1 million vs. $60.9 million in prior yearAdjusted order intake(1) of $1,010.3 million for a record $11.2 billion adjusted backlog(1) Net debt-to-adjusted EBITDA(1) of 3.22x vs. 3.41x at the end of the preceding quarterMONTREAL, Aug. 9, 2023 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) - CAE Inc. (CAE or the Company) today reported revenue of $1,054.4 million for the first quarter of fiscal 2024, compared with $933.3 milli
MONTREAL, July 27, 2023 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) – Representatives of the media, analysts and institutional investors are invited to virtually attend CAE's FY2023 annual and special meeting of shareholders on Wednesday, August 9, at 11:00 a.m. Eastern Time (ET). CAE will also release its fiscal year 2024 first quarter financial results on August 9, 2023. A conference call will be held at 2:00 p.m. ET to provide analysts and institutional investors with a review of CAE's performance. Please see below for details. CAE's FY2023 Annual and Special Meeting of Shareholders Who: Marc Parent, President and Chief Executive OfficerSonya Branco, Executive Vice President, Finance and Chief Fi
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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