CAE Fiscal Q4 Revenue Tops $1.33B, Plans $150M Savings by 2030
CAE posted fiscal Q4 revenue of $1.33 billion and adjusted EPS of $0.42, topping projections, while full-year revenue reached $4.9 billion with adjusted EPS of $1.20. The company unveiled a transformation plan targeting $125–150 million annual run-rate savings by fiscal 2030 and $950 million to $1 billion of adjusted segment operating income.
1. Q4 and Full-Year Financial Results
CAE reported fourth-quarter revenue of $1,326.7 million, diluted EPS of $0.23 and adjusted EPS of $0.42, surpassing internal forecasts. For fiscal 2026, the company achieved $4.9 billion in revenue with diluted EPS of $0.97 and adjusted EPS of $1.20.
2. Transformation Plan Targets
The transformation plan aims to generate $125 million to $150 million in annual run-rate savings by fiscal 2030 through portfolio sharpening, optimized capital allocation and elevated operational performance. It encompasses eight workstreams focused on efficiency and cost reduction.
3. Long-Term Financial Goals
CAE targets $950 million to $1 billion of adjusted segment operating income and approximately 100% cash conversion by fiscal 2030, reflecting a focus on higher margins and stronger returns on invested capital. Management emphasizes disciplined growth and cash-centric performance.
4. Operational and Cultural Changes
Key actions include removing 10% of the commercial full-flight simulator fleet, relocating over a dozen simulators to reduce footprint, revising non-IFRS measures to exclude acquired intangible amortization, and reinforcing a culture of accountability and execution.