2024-02-14 16:28:11 ET
CAE Inc. (CAE)
Q3 2024 Results Conference Call
February 14, 2024 02:00 PM ET
Company Participants
Andrew Arnovitz - SVP, IR & Enterprise Risk Management
Marc Parent - President and CEO
Sonya Branco - Executive VP of Finance & CFO
Conference Call Participants
Fadi Chamoun - BMO
Cameron Doerksen - National Bank Financial
Kevin Chiang - CIBC
James McGarragle - RBC Capital Markets
Konark Gupta - Scotiabank
Benoit Poirier - Desjardins Capital Markets
Tim James - TD Cowen
Kristine Liwag - Morgan Stanley
Anthony Valentini - Goldman Sachs
Fai Lee - Odlum Brown
Stephane Rolland - La Presse Canadienne
Presentation
Operator
Good day, ladies and gentlemen. Welcome to the CAE Third Quarter Conference Call. Please be advised that this call is being recorded. I would now like to turn the meeting over to Mr. Andrew Arnovitz. Mr. Arnovitz, you may now proceed.
Andrew Arnovitz
Good afternoon, everyone, and thank you for joining us.
Before we begin, I'd like to remind you that today's remarks, including management's outlook and answers to questions, contain forward-looking statements. These forward-looking statements represent our expectations as of today, February 14, 2024, and accordingly, are subject to change. Such statements are based on assumptions that may not materialize and are subject to risks and uncertainties.
Actual results may differ materially, and listeners are cautioned not to place undue reliance on these forward-looking statements. A description of the risks factors and assumptions that may affect future results is contained in CAE's annual MD&A available on our corporate website and in our filings with the Canadian securities administrators on SEDAR+ and the U.S. Securities and Exchange Commission on EDGAR.
With the expected divestiture of our CAE's Healthcare business, which is subject to closing conditions including customary regulatory approvals, all comparative figures discussed here and our financial results have been reclassified to reflect discontinued operations.
On the call with me this afternoon are Marc Parent, CAE's President and Chief Executive Officer; and Sonya Branco, our Chief Financial Officer. After remarks from Marc and Sonya, we'll open the call to questions from financial analysts. At the conclusion of that segment, we'll open the lines to members of the media should time permit.
Marc, over to you.
Marc Parent
Thank you, Andrew, and good afternoon to everyone joining us on the call.
Our performance in the third quarter reflects the continued strong demand for our Civil market solutions end points to the ongoing progress to transform our Defense business....
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CAE Inc. (CAE) Q3 2024 Earnings Call Transcript