CAE Q1 Profit Rises; Hikes Dividend - Quick Facts

(RTTNews) - CAE Inc. (CAE.TO, CAE) reported first-quarter net income attributable to equity holders of C$69.4 million or C$0.26 per share, up from a restated C$59.6 million or C$0.22 per share last year.

On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of C$0.20 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter rose 10 percent to C$722.0 million from C$656.2 million in the same period last year. Analysts expected revenue of C$542.25 million for the quarter.

"CAE's performance in the first quarter was led by Civil, which demonstrated double-digit growth and strong customer demand for CAE's innovative training solutions. We are making significant inroads with our training strategy, as evidenced by 26 civil full-flight simulator sales year-to-date and a series of recent, long-term airline training partnerships we have announced, including Singapore Airlines, Avianca Airlines, Jetstar Japan and Asiana Airlines," said Marc Parent, CAE's President and Chief Executive Officer.

The company's board of directors approved an 11 percent increase in the quarterly dividend to $0.10 per share from $0.09 per share, effective September 28, 2018.