CAE reports net income of $99.8 million as revenue climbs in all segments
Posted February 7, 2020 10:51 am.
This article is more than 5 years old.
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.
This report by The Canadian Press was first published Feb. 7, 2020.
Companies in this story: (TSX:CAE)
The Canadian Press
