A maker of flight simulators and pilot training, CAE builds the full-flight simulators that airlines and militaries use to train their crews, along with the courses that go with them. It began in 1947 when a former Royal Canadian Air Force officer set up shop in a vacant hangar near Montreal to repair military radios, and its name is simply short for Canadian Aviation Electronics.
CAE reports Q1 fiscal 2027 revenue up 6.8% to $1,173.4M, adjusted EPS flat at $0.26
Free cash flow was $104.0 million, a significant improvement from negative $134.7 million in the prior year.
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Revenue for Q1 fiscal 2027 was $1,173.4 million, up 6.8% from $1,098.6 million in the prior year.
EPS was $0.10, down from $0.18, while adjusted EPS was $0.26, unchanged year-over-year.
Civil revenue rose 5.6% to $641.6 million, but adjusted segment operating income fell 13.7% to $106.1 million; Defense revenue rose 8.3% to $531.8 million, with adjusted segment operating income up 9.1% to $50.5 million.
Fiscal 2027 outlook unchanged: low-single digit revenue growth, adjusted EPS of $1.21 to $1.28, and adjusted segment operating income margin of 14.6% to 15.1%.
CAE to transfer U.S. stock exchange listing from NYSE to Nasdaq, effective July 23, 2026
CAE's listing on the Toronto Stock Exchange (TSX) will not be affected, and shares will continue to trade under the ticker symbol 'CAE' on both TSX and Nasdaq.
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CAE Inc. will voluntarily transfer its U.S. stock exchange listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market.
The last day of trading on the NYSE is expected to be Wednesday, July 22, 2026, with Nasdaq trading commencing Thursday, July 23, 2026.
The transfer is part of CAE's transformation plan, focusing on operational efficiency and aligning market positioning with its technology-driven profile.
The press release includes forward-looking statements and cautions readers about risks and uncertainties.
CAE Inc. files 2026 Management Proxy Circular and Annual Report ahead of August 12 shareholder meeting
The 2026 Annual Shareholders' Meeting will be held on August 12, 2026, in a hybrid format, with shareholders voting on the election of 13 directors, appointment of PwC as auditor, and an advisory vote on executive compensation.
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CAE Inc. filed its 2026 Management Proxy Circular and Annual Report for the year ended March 31, 2026, via Form 6-K on June 22, 2026.
The Board recommends a vote FOR all director nominees, the appointment of PricewaterhouseCoopers LLP as auditor, and the advisory resolution on executive compensation.
Executive Chairman Calin Rovinescu announced he will revert to non-executive Chair of the Board effective January 1, 2027, after the CEO transition and transformation plan are well underway.
The proxy circular details executive compensation outcomes, including an 84% corporate performance factor for short-term incentives and a 26% payout factor for Performance Share Units vested in FY2026.
CAE reports Q3 FY2026 revenue of $1,252.1M, adjusted EPS $0.34, net debt-to-EBITDA 2.30x
Revenue rose 2% to $1,252.1 million from $1,223.4 million in Q3 FY2025; EPS fell to $0.34 from $0.53, while adjusted EPS rose to $0.34 from $0.29.
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Defense adjusted segment operating income margin exceeded 10% for the first time in over six years, with revenue up 14% to $534.9 million.
Civil revenue declined 5% to $717.2 million; management lowered FY2026 Civil aSOI outlook to mid-single-digit decline, citing softer demand and network rationalization.
Net debt-to-adjusted EBITDA improved to 2.30x, ahead of the 2.50x fiscal year-end target; net debt was $2,782.3 million.
Company identified non-core assets representing ~8% of revenue for potential divestitures and plans to remove ~10% of deployed commercial airline simulators.