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PR Newswire·

CAE reports second quarter fiscal 2027 results

CAE
  • CAE reported fiscal Q2 2027 revenue of $1,204.7 million, a 2.6% decrease from the prior year.
  • Reported earnings per share (EPS) were $0.18, compared to $0.23 in the prior year.
  • Adjusted EPS for the quarter was $0.33, an increase from $0.28 in the prior year.
  • The company raised its full-year fiscal 2027 adjusted EPS outlook to a range of $1.28 to $1.35.
  • The fiscal 2027 adjusted segment operating income margin outlook was raised to a range of 14.9% to 15.4%.
  • Free cash flow for the quarter totaled $179.9 million, while net debt-to-adjusted EBITDA stood at 2.16x.
  • CAE repurchased 3.0 million common shares for $106.1 million year-to-date through the end of the second quarter.
  • The company announced an agreement to sell its Flightscape unit to SITA for $500 million, with an expected closing in the first half of calendar year 2027.
  • Defense segment delivered strong results with double-digit year-over-year growth in adjusted segment operating income.
  • Civil Aviation revenue decreased slightly, offset by higher utilization in business training services.
  • Transformation costs incurred in the quarter were $42.6 million, bringing total costs to date to $175.3 million against a target of $200 million to $250 million.
  • Capital expenditures for the quarter were $48.9 million, down significantly from $107.6 million in the prior year quarter.
  • The effective tax rate for the quarter was 13.0%, while the adjusted effective tax rate was 18.7%.
  • CAE is exploring a potential transition from IFRS to U.S. GAAP, which would apply to the fourth quarter of fiscal 2027.
  • Adjusted order intake for the quarter was $1,166.6 million, with an adjusted backlog of $19.58 billion.
Company
CAE Inc.
Keywords
CAE Inc.