Update: CAE Fiscal Q2 Adjusted Earnings Fall, Revenue Rises; COO to Retire

MT Newswires Live11-12

(Updates with organizational changes in the headline and the fifth and sixth paragraphs.)

CAE (CAE) reported fiscal Q2 adjusted earnings late Tuesday of CA$0.23 ($0.16), down from CA$0.24 a year earlier.

Analysts polled by FactSet expected CA$0.20.

Revenue for the quarter ended Sept. 30 was CA$1.24 billion, up from CA$1.14 billion a year earlier.

Analysts surveyed by FactSet expected CA$1.14 billion.

Chief Operating Officer Nick Leontidis will retire at the end of 2025 and will become a special adviser to the chief executive officer. The COO role will also be eliminated, the company said.

CAE also named Alexandre Prevost as president of civil aviation. It also appointed Juan Araujo to the new position of senior vice president of operations, effective January 2026.

Shares of the company were up over 2% during after-hours activity.

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