CAE Q4 Profit Increases - Quick Facts

(RTTNews) - Canadian aviation-training and simulation products provider CAE Inc. (CAE, CAE.TO) said that its net income attributable to equity holders for the fourth quarter ended March 31, 2014 increased to C$60.0 million or C$0.23 per share from C$43.1 million or C$0.17 per share in the fourth quarter last year.

Analysts polled by Thomson Reuters expected the company to report earnings of C$0.20 per share. Analysts' estimates typically exclude special items.

Revenue for the quarter grew to C$583.4 million, from C$565.6 million in the fourth quarter last year. Wall Street expected revenues of C$576.33 million for the quarter.

"Order backlog reached C$4.2 billion, including a record 48 Civil full-flight simulator sales and long term Military contracts on new platforms for CAE. We are well positioned for growth and look forward to more success in fiscal year 2015," said Marc Parent, CAE's President and Chief Executive Officer.

CAE said it will pay a dividend of C$0.06 per share effective June 30, 2014 to shareholders of record at the close of business on June 13, 2014.