CAE, Inc. (CAE) Reports Q1 Revenues Miss
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CAE reports first quarter fiscal 2021 results
August 12, 2020 9:00 AM EDTRevenue of $550.5 million down 33% vs. $825.6 million in prior year Segment operating loss(1) of $110.3 million ($2.1 million before specific items(2)) vs. segment operating income before specific items of $113.3 million in prior year EPS of negative $0.42 (negative $0.11 before specific items(3)) vs. $0.24 before specific items in prior year Free cash flow(4) of negative $92.7 million up from negative $102.1 million in prior year Order intake(5) of $417.1 million for 0.76x book-to-sales(5) and $8.6 billion backlog(5) Announced approximately $100 million restructuring program to yield $50 million annual savings
MONTREAL, Aug. 12, 2020... More
