CAE posts first-quarter net income of CA$78.4 million, down 36%

CAE has reported strong annual performance despite the COVID-19 impact during its fourth quarter of fiscal year 2020. Annual revenue was CA$3.6 billion, up 10% over the prior year. Annual segment operating income was CA$537.1 million compared to CA$480.6 million in fiscal year 2019.

Annual segment operating income before specific items was CA$590.4 million, up 21% compared to CA$487.4 million in the prior year. Annual net income attributable to equity holders was CA$311.4 million compared to CA$330.0 million in fiscal year 2019. Net income before specific items  was CA$359.7 million compared to CA$335.2 million last year, which represents a 7% EPS increase over the same period last year.

Fourth quarter fiscal 2020 revenue was CA$977.3 million, down 4% from the fourth quarter last year. Fourth quarter net income attributable to equity holders was CA$78.4 million compared to CA$122.3 million last year. Net income before specific items in the fourth quarter was CA$122.3 million, compared to CA$127.5 million the previous year. (US$1.00 = CA$1.40 at time of publication.)

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