Business
CAE reports fourth quarter and full fiscal year 2026 results and targets significant cost savings and profitability growth as part of transformation plan
CAE reports fourth quarter and full fiscal year 2026 results and targets significant cost savings and profitability growth as part of transformation
About this update from Cae Inc.
[{"type":"text","content":"Fourth quarter FY2026 revenue of $1,326.7 million, diluted EPS of $0.23 and adjusted EPS(1) of $0.42 Full-year FY2026 revenue of $4.9 billion, diluted EPS of $0.97 and adjusted EPS of $1.20 Transformation plan targeting $125 million to $150 million annual transformation run-rate savings(1) by fiscal 2030 (fiscal year ended March 31, 2030) Targeting $950 million to $1 billion of adjusted segment operating income (under our updated definition)(1) in fiscal 2030 with a strong cash conversion rate(1)MONTREAL, May 21, 2026 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) - CAE Inc. (CAE or the Company) today reported its financial results for the fourth quarter ended March 31, 2026. For more information, please refer to the Annex for Fourth Quarter and Fiscal Year 2026 available at cae.com/investors.\n\"We delivered solid performance overall in fiscal 2026, notwithstanding a softer civil training market and volatility in the Middle East\", said Matthew Bromberg, CAE's President and CEO. \"We made important strategic progress positioning CAE to capture generational growth opportunities in the defence market by forging new partnerships with major OEMs and advancing integrated training and mission rehearsal opportunities for customers seeking sovereign capabilities. We also executed a successful leadership transition, strengthening and aligning our executive team to drive greater integration and synergies across the organization, and put in place the transformation plan we are now executing.There is significant work ahead to unlock the full value creation potential of CAE, and fiscal 2027 will be a year of disciplined execution as we strengthen the business and position it for long-term performance. We have a comprehensive transformation plan, supported by clear processes, aligned incentives, and a high-performing team. Our transformation plan is focused on three priorities: sharpening our portfolio, strengthening capital discipline, and elevating operational performance. Underlying all three priorities is an equally important objective: reinforcing a culture of accountability, performance and execution across the organization. We believe this cultural evolution is foundational to sustaining long-term performance improvement. We are updating key operating metrics, including how we define adjusted segment operating income, adj...