CAE Q4 Profit Rises - Quick Facts

(RTTNews) - CAE Inc. (CAE, CAE.TO) reported that its net income attributable to equity holders of the company for the fourth quarter of fiscal year 2015 rose to C$64.1 million from last year's C$60.0 million, with earnings per share improving to C$0.24 from C$0.23 in the previous year.

Quarterly revenue was C$631.6 million, representing a 10% increase from the fourth quarter last year.

Analysts polled by Thomson Reuters expected the company to report earnings of C$0.23 per share and revenues of C$625.11 million for the quarter. Analysts' estimates typically exclude special items.

CAE will pay a dividend of C$0.07 per share effective June 30, 2015 to shareholders of record at the close of business on June 15, 2015.

The company expects growth for the year across all business segments, with performance continuing to follow CAE's usual seasonal pattern, involving a stronger second half of the fiscal year than the first.

With the majority of investments now complete to develop its global training centre footprint, capital expenditures are expected to be lower again in fiscal 2016 at approximately C$100 million.

In Civil, it expects annual operating margins to continue to improve from the 16.3% level reached last year on higher training utilization(11), and we expect to have FFS unit sales in the range of the fiscal 2015 number. In Defence, it expects continued modest growth with operating margins remaining in the 12%-13% range.