CAE, Inc. (CAE) Misses Q1 EPS by 1c
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CAE reports first quarter results for fiscal year 2016 and announces new process improvement program
August 12, 2015 8:26 AM EDTMONTREAL, CANADA -- (Marketwired) -- 08/12/15 -- (NYSE: CAE)(TSX: CAE) - CAE today reported revenue of $557.0 million for the first quarter of fiscal year 2016, representing a 6% increase from the first quarter last year. First quarter net income attributable to equity holders from continuing operations was $44.9 million ($0.17 per share) vs. $43.8 million ($0.17 per share) last year.
Excluding $5.7 million (net after-tax) restructuring costs incurred this quarter related to the transformation of CAE's production processes and product offering currently underway, net income before restructuring costs(2) was $50.6 million ($0.19 per share), up 16% from... More
