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CAE Inc (CAE.TO)

CAE.TO on Toronto Stock Exchange

26.17CAD
16 Nov 2018
Change (% chg)

$-0.29 (-1.10%)
Prev Close
$26.46
Open
$26.30
Day's High
$26.44
Day's Low
$26.08
Volume
502,365
Avg. Vol
559,357
52-wk High
$28.15
52-wk Low
$21.12

Latest Key Developments (Source: Significant Developments)

Bombardier Reports Results, to cut 5,000 Jobs
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Bombardier Inc BBDB.TO::QTRLY EARNINGS PER SHARE $0.04, QTRLY ADJUSTED EARNINGS PER SHARE $0.04, QTRLY REVENUE $3.64 BILLION, DOWN 5 PERCENT.QTRLY BUSINESS AIRCRAFTS REVENUE $1.08 BILLION, UP 1 PERCENT; QTRLY BUSINESS AIRCRAFTS DELIVERIES 31 UNITS, UP 1 UNIT.AT QUARTER-END, BUSINESS AIRCRAFT ORDER BACKLOG $14.3 BILLION VERSUS $13.8 BILLION AT END OF DEC 31, 2017.QTRLY COMMERCIAL AIRCRAFTS REVENUE $256 MILLION VERSUS $515 MILLION; QTRLY COMMERCIAL AIRCRAFTS DELIVERIES 5 UNITS, DOWN 6 UNITS.COMMERCIAL AIRCRAFT ORDER BACKLOG 122 UNITS AT QUARTER-END VERSUS 85 UNITS AT END OF DEC 31, 2017.QTRLY BOMBARDIER TRANSPORTATION REVENUE $2.140 BILLION VERSUS $2.146 BILLION; QTRLY TRANSPORTATION ORDER INTAKE $1.9 BILLION, UP 6 PERCENT.BOMBARDIER TRANSPORTATION ORDER BACKLOG $33.9 BILLION AT QUARTER-END, VERSUS $35.1 BILLION AT END OF DEC 31, 2017.ENTERPRISE-WIDE PRODUCTIVITY INITIATIVES LAUNCHED, EXPECTED TO GENERATE $250 MILLION IN ANNUAL RECURRING SAVINGS BY 2021.GLOBAL 7500 ON TRACK FOR ENTRY INTO SERVICE BEFORE YEAR END.2018 GUIDANCE UPDATED; SEES REVENUE ABOUT $16.5 BILLION, EBIT ABOUT $1 BILLION & FCF BREAKEVEN ±$150 MILLION, INCLUDING NET PROCEEDS FROM DOWNSVIEW SALE.2019 TARGETS OF REVENUE UP ABOUT 10 PERCENT, EBIT UP ABOUT ABOUT 20% WITH IMPROVED CASH GENERATION; ; REAFFIRMS 2020 TARGETS.REACHED AGREEMENTS FOR SALE OF NON-CORE ASSETS & MONETIZATION OF ROYALTIES WHICH WILL GENERATE ABOUT $900 MILLION IN NET PROCEEDS.  Full Article

CAE To Buy Bombardier Business Aircraft Training For $645 Mln
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - CAE Inc ::CAE TO ACQUIRE BOMBARDIER BUSINESS AIRCRAFT TRAINING FOR US$645 MILLION TO EXPAND ITS POSITION IN BUSINESS AVIATION TRAINING.CAE INC - CAE'S OUTLOOK FOR ITS CURRENT FISCAL YEAR 2019 REMAINS UNCHANGED.CAE INC - FINANCING ACQUISITION WITH A COMBINATION OF CASH ON HAND, DRAWING ON ITS EXISTING BANK FACILITY AND NEW COMMITTED TERM LOANS.CAE INC - DEAL TO PROVIDE CO HIGH SINGLE-DIGIT PERCENTAGE EARNINGS ACCRETION AND WILL BE ACCRETIVE TO FREE CASH FLOW.CAE INC - DEAL ALSO TO BE ACCRETIVE TO CO'S CIVIL SEGMENT OPERATING INCOME MARGIN BY ABOUT 100-150 BPS.  Full Article

CAE USA Awarded $200 Mln U.S. Air Force C-130H Aircrew Training System Contract
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - CAE Inc ::CAE USA AWARDED $200 MILLION U.S. AIR FORCE C-130H AIRCREW TRAINING SYSTEM CONTRACT.CAE INC - EIGHT-YEAR CONTRACT, AWARDED AS 3-MONTH TRANSITION EFFECTIVE OCT 1, WITH ONE-YEAR BASE PERIOD AND SEVEN ADDITIONAL OPTION PERIODS.  Full Article

CAE Acquires Alpha-Omega Change Engineering
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - CAE Inc ::CAE INC - DEAL FOR FOR APPROXIMATELY US$29 MILLION, EXCLUDING POST-CLOSING ADJUSTMENTS..CAE ACQUIRES ALPHA-OMEGA CHANGE ENGINEERING (AOCE).CAE INC - UNIT ACQUIRED ALPHA-OMEGA CHANGE ENGINEERING.  Full Article

CAE To Buy Up To 600,000 Common Shares Under Its Normal Course Issuer Bid Through Private Agreement
Thursday, 28 Dec 2017 

Dec 28 (Reuters) - CAE Inc ::CAE TO PURCHASE UP TO 600,000 COMMON SHARES UNDER ITS NORMAL COURSE ISSUER BID THROUGH A PRIVATE AGREEMENT.CAE - PURCHASE TO BE MADE PURSUANT TO ISSUER BID EXEMPTION ORDER ISSUED BY ONTARIO SECURITIES COMMISSION ON DEC 21.  Full Article

CAE reports Q2 earnings per share C$0.22 excluding items
Friday, 10 Nov 2017 

Nov 10 (Reuters) - CAE Inc :CAE reports second quarter fiscal 2018 results.Q2 earnings per share C$0.22 excluding items.Q2 earnings per share C$0.24 from continuing operations.Q2 revenue C$646 million versus I/B/E/S view C$692 million.Q2 earnings per share view C$0.24 -- Thomson Reuters I/B/E/S.CAE Inc - ‍Management outlook for fiscal 2018 unchanged​.CAE Inc - ‍Defence backlog, including options and CAE's interest in joint ventures, at end of quarter was $3.6 billion​.CAE Inc - ‍Performance in quarter "continues to support" full year outlook​.CAE Inc - ‍Total orders for quarter was $931 million, with more than half coming from co's defence customers​.  Full Article

CAE reports Q3 earnings per share C$0.26 excluding items
Tuesday, 14 Feb 2017 

CAE Inc : CAE reports third quarter fiscal 2017 results . Q3 earnings per share c$0.25 from continuing operations . Q3 revenue c$682.7 million versus I/B/E/S view c$666.7 million . Q3 earnings per share view c$0.23 -- Thomson Reuters I/B/E/S . Q3 earnings per share c$0.26 excluding items . CAE inc - CAE continues to expect revenue and operating income growth in all segments in fiscal year 2017 . CAE Inc - expects level of total capital expenditures in fiscal 2017 to remain relatively stable with prior year ($117.8 million) . CAE Inc - company continues to expect modest growth in defence and now anticipates lower than expected growth in healthcare this year . CAE Inc - $7.4 billion backlog at quarter-end .CAE Inc- Q3 net income before specific items $0.26 per share.  Full Article

CAE renews its normal course issuer bid
Tuesday, 14 Feb 2017 

CAE Inc : CAE renews its normal course issuer bid .CAE Inc - approved renewal of its normal course issuer bid to purchase, for cancellation, up to 5.4 million of its common shares.  Full Article

UPDATE 5-Bombardier to cut 5,000 jobs, sell units; share dive on cash flow worries

* To sell two businesses for $900 mln (Adds statement from buyer on Canadian plant, job concerns from unions, comment from Canadian minister and updates share price)