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CAE maintained its fiscal 2027 outlook after first-quarter revenue rose 6.8% to CAD 1.2 billion and free cash flow improved to CAD 104 million, despite a 7.5% decline in adjusted segment operating income.
The company's transformation plan remains on track, targeting CAD 125 million–CAD 150 million in annual savings by fiscal 2030. CAE has spent CAD 133 million so far and plans to retire 25 commercial simulators while consolidating training centers.
Defense outperformed Civil: Defense revenue and adjusted operating income increased 8.3% and 9.1%, respectively, supported by contract activity and efficiencies, while Civil margins fell amid Middle East disruptions, transformation costs and lower simulator sales contributions.
The Ecosystem Edge: Joby's Competitive Advantage
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CAE maintained its fiscal 2027 outlook after first-quarter revenue rose 6.8% to CAD 1.2 billion and free cash flow improved to CAD 104 million, despite a 7.5% decline in adjusted segment operating income.
The company's transformation plan remains on track, targeting CAD 125 million–CAD 150 million in annual savings by fiscal 2030. CAE has spent CAD 133 million so far and plans to retire 25 commercial simulators while consolidating training centers.
Defense outperformed Civil: Defense revenue and adjusted operating income increased 8.3% and 9.1%, respectively, supported by contract activity and efficiencies, while Civil margins fell amid Middle East disruptions, transformation costs and lower simulator sales contributions.
The Ecosystem Edge: Joby's Competitive Advantage
#operating
3 months ago
