CAE reports Q3 profit down from year ago, revenue up more than 10%
By The Canadian Press on February 14, 2024.
MONTREAL – CAE Inc. reported its third-quarter profit fell compared with a year ago even as its revenue rose more than 10 per cent. The flight simulator company says it earned net income attributable to equity holders of $56.5 million or 17 cents per diluted share for the quarter, down from $78.1 million or 25 cents per diluted share a year earlier. On an adjusted basis, CAE says it earned 24 cents per share in its latest quarter, down from 27 cents per share a year earlier. Revenue totalled $1.09 billion, up from $969.9 million a year earlier. The increase came as revenue for CAE’s civil aviation business totalled $622.1 million, up from $517.4 million. Defence and security revenue amounted to $472.4 million, up from $452.5 million a year earlier. This report by The Canadian Press was first published Feb. 14, 2024. Companies in this story: (TSX:CAE) 9-8
