Last $12.32 USD
Change Today -0.015 / -0.12%
Volume 1.8K
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As of 11:37 AM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

cae inc (CAE) Key Developments

CAE Inc. Presents at CIBC 13th Annual Eastern Institutional Investor Conference, Sep-17-2014 02:05 PM

CAE Inc. Presents at CIBC 13th Annual Eastern Institutional Investor Conference, Sep-17-2014 02:05 PM. Venue: Le Centre Sheraton Montreal Hotel, 1201 Rene-Levesque Blvd, Montreal, Quebec, Canada. Speakers: Andrew Arnovitz, Vice President of Investor Relations & Strategy.

CAE to Provide U.S. Air Force with Aeromedical Evacuation Training System

CAE announced it has been awarded a contract through ADS Inc. and the Defense Logistics Agency (DLA) Tailored Logistics Support (TLS) program to provide the United States Air Force Reserve Command (AFRC) at Dobbins Air Force Base with a comprehensive Aeromedical Evacuation Training System. The Aeromedical Evacuation Training System, which can be developed for a range of air mobility aircraft platforms, will provide AFRC with a realistic training environment that will be used to prepare aeromedical evacuation crews for pre-flight and emergency procedures as well as in-flight patient care. CAE will provide a high-fidelity C-130 fuselage trainer that is configured for aeromedical evacuation missions. Within the C-130 fuselage trainer will be CAE Healthcare iStan human patient simulators, which feature internal robotics that mimic human cardiovascular, respiratory and neurological systems. When iStan bleeds, his blood pressure, heart rate and other clinical signs change automatically, and he responds to treatment with minimal input from an instructor. The overall Aeromedical Evacuation Training System provided by CAE will include courseware and curriculum, as well as a hand-held, wireless tablet instructor operator station to provide full control and customization of a variety of training scenarios.

CAE Inc. Reports Un-Audited Consolidated Earnings Results for the First Quarter Ended June 30, 2014

CAE Inc. reported un-audited consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, the company reported net income from continuing operations attributable to equity holders was CAD 43.8 million or CAD 0.17 per basic and diluted share compared to CAD 44.7 million or CAD 0.17 per basic and diluted share in the first quarter last year. Operating profit was CAD 71.7 million (13.6% of revenue) compared to CAD 61.6 million (11.8% of revenue) in the first quarter last year. Revenue for the quarter was CAD 526.2 million, compared to CAD 520.1 million in the first quarter last year. The company reported earnings before income taxes of CAD 55.2 million compared to CAD 44.4 million, net income attributable to equity holders of the company of CAD 41.8 million or CAD 0.16 per basic and diluted share compared to CAD 45.6 million or CAD 0.18 per basic and diluted share, net cash provided by operating activities of CAD 2.8 million, compared to CAD 16.0 million and capital expenditures for property, plant and equipment of CAD 39.7 million, compared to CAD 29.8 million for the last year. Free cash flow from continuing operations was negative CAD 20.9 million for the first quarter. The decrease from last quarter and the first quarter of fiscal 2014 was mainly attributable to unfavourable changes in non-cash working capital, which is due to an increase in contracts in progress assets and inventories. Net debt was CAD 901.6 million as at June 30, 2014, compared to CAD 856.2 million as at March 31, 2014.

CAE Approves Dividend for the First Quarter of Fiscal 2015, Payable on September 30, 2014

CAE's Board of Directors has approved a CAD 0.01 increase to quarterly dividend, which becomes CAD 0.07 per share for the first quarter ended June 30, 2014. The company will pay a dividend of CAD 0.07 per share effective September 30, 2014 to shareholders of record at the close of business on September 15, 2014.

CAE To Divest Mining

CAE Inc. (TSX:CAE) will divest mining. CAE Inc. will now focus capital and resources on its three remaining core business units: Civil Simulation and Training (Civil); Defence and Security (Defence); and Healthcare.

 

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