Latest news with #flight simulator
CTV News
4 days ago
- Business
- CTV News
Flight simulator maker CAE reports Q1 profit and revenue up from year ago
The flight simulator assembly plant is seen at the CAE facility in Montreal, Tuesday, Jan. 14, 2025. THE CANADIAN PRESS/Ryan Remiorz MONTREAL — Flight simulator maker CAE Inc. reported a first-quarter profit attributable to equity holders of $57.2 million, up from $48.3 million in the same quarter last year. The profit amounted to 18 cents per diluted share for the quarter ended June 30, up from a profit of 15 cents per diluted share a year earlier. On an adjusted basis, CAE says it earned 21 cents per share, the same as a year ago. Revenue for the quarter totalled $1.10 billion, up from $1.07 billion in the same quarter last year. Civil revenue totalled $607.7 million in its latest quarter, up from $587.6 million a year ago, while defence and security revenue amounted to $490.9 million, up from $484.9 million. The company's adjusted backlog stood at $19.48 billion at the end of the quarter. --- This report by The Canadian Press was first published Aug. 13, 2025.
Bloomberg
4 days ago
- Business
- Bloomberg
Quebec-Based CAE Misses Revenue Estimate on Weaker Civil Aviation Segment
Canadian flight simulator company CAE Inc. said its civil aviation segment will grow near the lower end of its prior outlook due to slower pilot hiring. The Quebec-based firm also missed its revenue estimates for the quarter, leading the shares to fall the most intraday since February 2024. The civil aviation business, which trains commercial pilots, is now expected to grow in the mid-single-digit percentage range due to slower new aircraft deliveries and more commercial aircraft being grounded, which prompted airlines to be more cautious with hiring.
