CAE reported financial results for the second quarter ended September 30, 2008. Earnings from continuing operations were $48.9 million ($0.19 per share) this quarter, compared to $39.0 million ($0.15 per share) in the second quarter of last year. All financial information is in Canadian dollars.
Consolidated revenue this quarter was $406.7 million compared to $353.9 million in the second quarter last year. Net earnings, including the impact of discontinued operations, were $48.7 million in the second quarter. Second quarter consolidated earnings before interest and taxes (EBIT) were $75.5 million, or 18.6% of revenue compared to $62.1 million or 17.5% of revenue last year.
During the second quarter, Training and Services/Civil won $78.8 million in contracts and had an average of 118 RSEUs (Revenue Simulator Equivalent Units). CAE signed contracts with many companies including Kingfisher and Air Malta. CAE was also selected by XOJET to provide initial training for its new fleet of Bombardier Challenger 300 aircraft. CAE commenced training programs according to the global training network expansion which was announced in September 2007.
In Simulation Products/Civil CAE won orders for 7 full-flight simulators (FFSs) during the quarter. Year to date, CAE have announced 23 FFS sales. Based on forecast aircraft deliveries and despite current market conditions, CAE continues to expect to receive approximately 34 orders for the year as a whole.

• ‹ previous
• 61 of 221
• next ›