CAE Q1 Profit More Than Doubles - Quick Facts

(RTTNews) - Canadian aviation-training and simulation products provider CAE Inc. (CAE, CAE.TO) reported that its first-quarter net income attributable to equity holders increased to C$45.6 million or C$0.18 per share from C$21.5 million or C$0.08 per share last year.

The quarter included a one-time tax benefit of C$11.0 million and severance costs of C$2.8 million (after-tax), excluding which, earnings per share would have been C$0.03 lower. Excluding restructuring, integration and acquisition costs last year, it was C$46.9 million or C$0.18 per share. Analysts polled by Thomson Reuters expected the company to report earnings of C$0.17 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter was C$530.4 million, 15% higher than C$462.2 million in the first quarter last year. Eleven analysts had consensus revenue estimate of C$525.77 billion for the quarter.

The company said it will pay a dividend of C$0.05 per share effective September 30, 2013 to shareholders of record at the close of business on September 16, 2013.