EarningsQ1 2027 Earnings Report
MX:CAEN Q1 2027 EPS Results
Actual EPS$3.31
Consensus EPS$2.96
Beat/MissBeat by +$0.36
One Year Ago EPS$2.68
MX:CAEN Q1 2027 Revenue Results
Actual Revenue$14.96B
Expected Revenue$14.43B
Beat/MissBeat by +$528.92M
YoY Revenue Growth+6.81%
Earnings Announcement Details
QuarterQ1 2027
Date08/12/2026
TimeAfter Close
Conference CallWednesday, August 12, 2026
MX:CAEN Upcoming Earnings
CAE's next earnings date is estimated for November 17, 2026, based on past reporting schedules.
Q1 2027 Earnings Call Audio
MX:CAEN Q1 2027 Earnings Call
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Q1 2027 Earnings Slide Deck
Q1 2027 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly constructive outlook: solid top-line growth (consolidated +6.8%), a strong Defense quarter (+8.3% revenue, +9.1% adjusted operating income) and a material free cash flow turnaround ($104M vs -$135M). Management emphasized disciplined capital allocation, active share repurchases, and a detailed transformation plan targeting $125–$150M of structural savings and network/right‑sizing actions. Near-term headwinds include Civil margin pressure (Civil adjusted operating income down 13.7%), costs from the transformation program, credit-related charges and Middle East–related disruptions. Overall, the positive operational momentum, sizable Defense backlog/pipeline, and cash-flow improvement outweigh the near-term lowlights and transitional costs.Company Guidance
Consolidated Revenue Growth
Consolidated revenues of $1.2 billion, up 6.8% year-over-year, driven by gains across Civil and Defense.
Strong Free Cash Flow Turnaround
Generated $104 million of free cash flow in Q1 (new definition including all capital and intangibles) versus negative $135 million in prior-year Q1 — a positive swing of $239 million, improving cash conversion and funding optionality.
Defense Revenue and Profitability Expansion
Defense revenues of $531.8 million, up 8.3% year-over-year, with adjusted segment operating income of $50.5 million, up 9.1% (margin ~9.5%). Defense backlog remains sizable at $10.7 billion and the company highlighted a large, expanding global pipeline.
Significant New Contracts and Strategic Partnerships
Booked notable commercial and Defense engagements including a 15-year training agreement with WestJet, a Turkish Airlines multi-year contract (5 full-flight simulators + 2 devices), and strategic Defense partnerships with Leonardo (M-346), Saab (GlobalEye and Gripen), TKMS (Canadian patrol submarine program) and Shield AI, expanding addressable markets and long-term pipeline.
Civil Order Intake and Book-to-Sales Strength
Civil new orders of $838 million in the quarter with a book-to-sales ratio of 1.31x, supporting medium- to long-term commercial training and simulator demand.
Network Utilization Improvement
Civil training center utilization improved to 72.2% from 68.8% a year earlier, reflecting better network deployment and business aviation growth (note: historical comparison partially affected by a standardized utilization definition adjustment).
Active Capital Allocation and Leverage Discipline
Repurchased 1.1 million shares for $39 million in Q1; net debt at $2.6 billion with net debt to adjusted EBITDA ~2.27x, in line with the company's long-term leverage target.
Clear and Progressing Transformation Plan
Transformation program tracking to plan: $133 million spent to date (including $71 million noncash); Q1 transformation expense $48 million; committed to $125–$150 million of structural run-rate savings by FY2030, target of reducing ~1.7 million sq ft (~17% vs FY2025) and consolidating ERPs from 5 to 2.
MX:CAEN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed