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CAE CAE reports third quarter fiscal 2021 results • Revenue of $ 832.4 million up 18 % vs. second quarter and down 10 % vs. third quarter last year • EPS of $ 0.18 ( $ 0.22 before specific items ( ¹ ) ) vs. negative $ 0.02 ( $ 0.13 before specific items ) in the second quarter and $ 0.37 ( $ 0.37 before specific items ) in the third quarter last year Operating profit ( ² ) of $ 82.9 million vs. $ 28.2 million in the second quarter and $ 154.9 million in the third quarter last year Segment operating income before specific items ( ³ ) of $ 97.2 million vs. $ 79.3 million in the second quarter and $ 157.2 million in the third quarter last year • Net cash provided by operating activities of $ 234.8 million vs. $ 45.6 million in the second quarter and $ 322.1 million in the third quarter last year • Positive free cash flow ( 4 ) of $ 224.0 million vs. $ 44.9 million in the second quarter and $ 275.3 million in the third quarter last year • Issued $ 495.3 million in common equity and announced three acquisitions : Flight Simulation Company B.V. , TRU Simulation + Training Canada Inc. , and Merlot Aero Limited Montreal , Canada , February 12 , 2021 - ( NYSE : CAE ; TSX : CAE ) - CAE today reported revenue of $ 832.4 million for the third quarter of fiscal 2021 , compared with $ 923.5 million in the third quarter last year . Third quarter net income attributable to equity holders was $ 48.8 million ( $ 0.18 per share ) compared to $ 97.7 million ( $ 0.37 per share ) last year . Net income before specific items ( 5 ) in the third quarter of fiscal 2021 was $ 60.0 million ( $ 0.22 per share ) compared to $ 99.4 million ( $ 0.37 per share ) last year . Press Release Operating profit this quarter was $ 82.9 million ( 10.0 % of revenue ) , compared to $ 154.9 million ( 16.8 % of revenue ) in the third quarter of fiscal 2020. Restructuring costs of $ 14.3 million were recorded this quarter whereas there were no restructuring costs in the third quarter of fiscal 2020. Third quarter segment operating income before specific items was $ 97.2 million ( 11.7 % of revenue ) compared with $ 157.2 million ( 17.0 % of revenue ) last year . Backlog ( 6 ) remains solid at $ 7.8 billion . All financial information is in Canadian dollars unless otherwise indicated . Summary of consolidated results ( amounts in millions , except operating margins and per share amounts ) Revenue Operating profit Segment operating income ( 7 ) ( SOI ) Segment operating margins SOI before specific items Segment operating margins before specific items Net income Net income attributable to equity holders of the Company Basic and diluted earnings per share ( EPS ) Net income before specific items EPS before specific items Order intake ( 6 ) Total backlog $ $ $ % $ % $ $ $ $ $ $ $ Q3-2021 832.4 Q3-2020 923.5 154.9 154.9 16.8 157.2 17.0 99.8 97.7 0.37 99.4 0.37 $ 82.9 $ 97.2 $ % 11.7 97.2 $ 11.7 % 49.7 $ 48.8 0.18 $ $ 60.0 $ 0.22 $ 710.7 $ 1,106.6 A LA 7,820.1 $ 9,434.3 Variance % ( 10 % ) ( 46 % ) ( 37 % ) ( 38 % ) ( 50 % ) ( 50 % ) ( 51 % ) ( 40 % ) ( 41 % ) ( 36 % ) ( 17 % )