Yahoo Finance CAE Full Year 2024 Earnings: Misses Expectations
CAE (TSE:CAE) Full Year 2024 Results
Key Financial Results
Revenue: CA$4.28b (up 6.8% from FY 2023).
Net loss: CA$325.3m (down by 248% from CA$220.6m profit in FY 2023).
CA$1.02 loss per share (down from CA$0.69 profit in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CAE Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) was also behind analyst expectations.
The primary driver behind last 12 months revenue was the Civil Aviation segment contributing a total revenue of CA$2.44b (57% of total revenue). Notably, cost of sales worth CA$3.13b amounted to 73% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling CA$793.4m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how CAE's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Aerospace & Defense industry in Canada.
Performance of the Canadian Aerospace & Defense industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for CAE you should know about.
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