Cae Inc Stock Price, News & Analysis

CAE reported strong Q4 FY2022 results, achieving $955.0 million in revenue, a 7% increase year-over-year, and $0.17 EPS, up from $0.07 in Q4 last year. Annual revenue reached $3.4 billion, a 13% gain, with diluted EPS rising to $0.45 from a loss of $0.17. Noteworthy was the record order intake of $4.1 billion, contributing to a backlog of $9.6 billion. The company generated $187.6 million in free cash flow, resulting in a 131% cash conversion.

CAE will announce its FY2022 Q4 and full-year financial results on May 31, 2022, after market close. A conference call is scheduled for June 1, 2022, at 8:30 a.m. ET to discuss these results. Key executives, including President Marc Parent and CFO Sonya Branco, will participate to provide insights. The call is intended for analysts, institutional investors, and the media, with a Q&A session following the presentation. The meeting will be broadcast live and archived on CAE's website.

CAE will hold an Investor Day on June 7, 2022, in New York, at the Lotte New York Palace. The event will include presentations from senior management, interactive demonstrations, and opportunities for attendees to engage with CAE's leadership. A live webcast of the presentations will also be available.

Prior to this, on June 6, 2022, CAE will offer exclusive tours of its North East Training Centre in Morristown, New Jersey, for investors and media. This event is geared toward capital market professionals.

CAE has announced that Hélène V. Gagnon, the Chief Sustainability Officer, has been awarded the 2022 Report on Business Best Executive Award. This award celebrates excellence among senior executives in Canada. Gagnon was recognized for her leadership in managing CAE’s reputation and relationships globally, particularly in Corporate Social Responsibility. Marc Parent, CAE's President and CEO, praised her transformative leadership since joining the company in 2015. Gagnon has also played a key role in administering COVID-19 vaccines in Quebec through the Industry for Vaccination initiative.

CAE has appointed Patrick M. Shanahan to its Board of Directors, bringing over 30 years of experience in the defense sector. Previously serving as Acting U.S. Secretary of Defense, Shanahan’s expertise in defense policy, strategy, and technology is expected to enhance CAE's alignment with national defense priorities globally. His leadership experience includes the establishment of the Space Force and advancements in cybersecurity and artificial intelligence at the Department of Defense. This appointment aims to strengthen CAE's strategic direction in high-stakes environments.

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CAE (NYSE: CAE, TSX: CAE) has partnered with Joby Aviation (NYSE: JOBY) to develop flight simulation training devices for Joby's all-electric aircraft. This collaboration supports the training of pilots for Joby's electric vertical take-off and landing (eVTOL) aircraft, which aims to revolutionize urban air travel. Joby is actively working with the FAA to secure necessary certifications for commercial operations expected to launch in 2024. CAE's CAD$1 billion investment into aviation technologies enhances its role in the eVTOL market.

CAE has announced the suspension of all services and training to Russian airlines and healthcare distributors, responding to the humanitarian crisis in Ukraine. The company has donated C$60,000 to the Red Cross, with total contributions exceeding C$125,000 from CAE and its employees. CAE has no facilities in Russia but previously supported Russian airlines with training and simulator services. The suspension reflects CAE's commitment to humanitarian efforts while maintaining its operational integrity in the global market.

CAE has completed the acquisition of Sabre's Airline Operations portfolio for US$392.5 million, positioning itself as a leader in digital aviation technology. This acquisition enhances CAE's offerings in flight, crew, and airport management solutions, aiming to improve operational efficiency for airlines. CAE anticipates this deal to be accretive to EPS and free cash flow within the first year. The integration of the Airline Operations portfolio further supports CAE's strategy to create a unified digital ecosystem for airline operations, enhancing customer service and reducing operational disruptions.