2023-08-09 08:29:20 ET
- CAE press release ( NYSE: CAE ): FQ1 Non-GAAP EPS of C$0.24.
- Revenue of C$1.05B (+12.5% Y/Y).
- Adjusted segment operating income of C$145.1 million vs. C$60.9 million in prior year.
- Adjusted order intake of C$1,010.3 million for a record C$11.2 billion adjusted backlog .
- Net debt-to-adjusted EBITDA of 3.22x vs. 3.41x at the end of the preceding quarter.
- Outlook: The Company is well on track to its targeted three-year (FY22-FY25) EPS compound growth rate in the mid-20% range.
- Total capital expenditures in fiscal 2024 are expected to be approximately C$50 million higher than last fiscal year.
- Consistent with its growth investment priorities and non-cash working capital assumptions for fiscal 2024, the Company expects a quarterly finance expense run rate of approximately $50 million — at least for the first half of the year.
- CAE continues to expect net debt-to-adjusted EBITDA to decrease to a ratio of below three times by the middle of the fiscal year, at which time it expects to be in position to consider reinstating capital returns to shareholders.
- CAE expects its average adjusted effective income tax rate for the remainder of the fiscal year to be approximately 22%.
For further details see:
CAE reports FQ1 earnings; reaffirms FY22-FY25 outlook