2024-05-29 09:00:00 ET
Summary
- CAE's FY2024 earnings show a decline in operating income due to risk retirement on defense contracts, but adjusted earnings would have seen growth.
- Civil Aviation revenues and adjusted income increased, indicating strong demand for CAE's commercial training solutions and equipment.
- CAE expects double-digit growth in adjusted operating income for FY2025 in the Civil Aviation segment, but margins in the Defense segment may recover to 6-7%.
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Why Is CAE Stock Down? Earnings Crash