Welcome to our dedicated page for Cae news (Ticker: CAE), a resource for investors and traders seeking the latest updates and insights on Cae stock.
CAE Inc (CAE) is a global leader in simulation-based training solutions for aviation, defense, and healthcare sectors. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments, technological innovations, and strategic initiatives.
Access real-time announcements including quarterly earnings reports, government contract awards, and training technology advancements. Our curated collection features official press releases alongside verified third-party coverage of CAE's global operations across 35+ countries.
Key focus areas include civil aviation training program expansions, defense sector simulation updates, and healthcare education partnerships. Bookmark this page for streamlined access to critical information about CAE's market position, product launches, and industry leadership in immersive training solutions.
CAE, a leading provider of simulation and modeling technologies, will release its fourth-quarter and full-year FY2024 financial results on May 27, 2024, after market close. A conference call is scheduled for May 28, 2024, at 8 a.m. ET, where CAE's senior executives, including CEO Marc Parent and CFO Sonya Branco, will discuss the company's performance and outlook. The call is intended for analysts, institutional investors, and media, with a live webcast available on CAE's website. Phone numbers for the conference call are provided for participants from various regions. An instant replay of the conference will be available for 48 hours post-event.
CAE announced a re-baselining of its Defense business, along with significant impairments and unfavorable contract adjustments. They reported a $568 million goodwill impairment, $90.3 million in contract adjustments, and $35.7 million impairment of related intangible assets. Nick Leontidis has been appointed as COO to oversee both Civil and Defense segments.
Preliminary fiscal 2024 results show strong performance in Civil Aviation with record order intake and operating income margins, while Defense suffered losses due to legacy contracts. Consolidated free cash flow exceeded $400 million. The board approved a share repurchase program for up to 5% of common shares.
CAE's outlook for fiscal 2025 expects continued growth in Civil Aviation and improved Defense results, bolstered by structural and organizational changes.
On May 16, 2024, CAE announced the appointment of Patrick Decostre to its Board of Directors. Decostre, President and CEO of Boralex, brings extensive experience in renewable energy, having spent 18 years developing Boralex's European operations. He holds degrees in engineering physics and business administration. This appointment follows the retirement of Michael E. Roach, who served on CAE's Board since 2017. Alan N. MacGibbon, Chair of CAE's Board, expressed gratitude towards Roach for his valuable contributions and welcomed Decostre's leadership and expertise.
FAQ
What is the current stock price of Cae (CAE)?
What is the market cap of Cae (CAE)?
