Canadian Manufacturing

CAE reports net income of $99.8M as revenue climbs in all segments

The company says it has had orders for 44 full-flight simulators in its fiscal year so far



MONTREAL — CAE Inc. says net income rose in its third quarter as it saw revenue gains across its civil aviation, defence, and health care segments.

The high-tech training company says it had a net income of $99.8 million, or 37 cents per share, in the quarter ending Dec. 31, up from $79.5 million, or 29 cents per share in the same quarter last year.

Revenue came in at $923.5 million, up from $816.3 million for the same quarter last year.

Analysts had expected revenue of $941 million and net income of $92.4 million or 36 cents per share according to financial markets data firm Refinitiv.

The company says it has had orders for 44 full-flight simulators in its fiscal year so far, including six for the Boeing 737 Max aircraft in January.

Its civil order backlog at the end of the quarter was $5.3 billion, a record high for the company.

News from © Canadian Press Enterprises Inc. 2020

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