CAE (TSE:CAE) has released an update.
CAE Inc. reported a modest drop in earnings with first-quarter fiscal 2025 revenue up to $1,072.5 million from $1,012.0 million the previous year, while EPS fell from $0.20 to $0.15. The company is executing cost optimizations and expects $20 million in annual cost savings by next fiscal year end, against a backdrop of a $17.0 billion record adjusted backlog and nearly $1.2 billion in adjusted order intake. Despite current supply chain challenges, CAE remains positive about the future, driven by strong market demand in civil aviation and defense.
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