CAE fiscal Q2 2027 net income falls 20.7% to CAD 58.6 million
CAE•CAE reported fiscal second-quarter 2027 net income of CAD 58.6 million, down 20.7%, as revenue fell 2.6% to CAD 1.2 billion. It agreed to sell Flightscape to SITA for an enterprise value of USD 500 million.
1. Quarterly results
CAE reported fiscal second-quarter 2027 net income fell 20.7% to CAD 58.6 million. Revenue declined 2.6% to CAD 1.2 billion, while operating income dropped 26.3% to CAD 114.4 million. Adjusted earnings per share rose 17.9% to CAD 0.33, compared with reported earnings per share of CAD 0.18.
2. Cash flow and sale
Free cash flow increased 63.8% to CAD 179.9 million, and net debt-to-adjusted EBITDA declined to 2.16 from 2.66. CAE also announced an agreement to sell its airline operations software business Flightscape to SITA for an enterprise value of USD 500 million.
