Earnings release
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CAE CAE reports first quarter fiscal 2022 results • Revenue of $ 752.7 million up 37 % vs. $ 550.5 million in prior year • • • • EPS of $ 0.16 vs. negative $ 0.42 in prior year Press Release Adjusted EPS ( 1 ) of $ 0.19 ( $ 0.15 excluding COVID - 19 government support programs ( 2 ) ) vs. negative $ 0.11 ( negative $ 0.24 excluding COVID - 19 government support programs ) in prior year Operating income ( 3 ) of $ 86.2 million vs. loss of $ 110.3 million in prior year Adjusted segment operating income ( 4 ) of $ 98.4 million ( $ 84.8 million excluding COVID - 19 government support programs ( 5 ) ) vs. loss of $ 2.1 million ( loss of $ 46.5 million excluding COVID - 19 government support programs ) in prior year • Concluded US $ 1.05 billion acquisition of L3Harris Technologies ' Military Training business post quarter Montreal , Canada , August 11 , 2021 - ( NYSE : CAE ; TSX : CAE ) - CAE today reported revenue of $ 752.7 million for the first quarter of fiscal 2022 , compared with $ 550.5 million in the first quarter last year . First quarter net income attributable to equity holders was $ 46.4 million ( $ 0.16 per share ) compared to a loss of $ 110.6 million ( negative $ 0.42 per share ) last year . Adjusted net income ( 6 ) in the first quarter of fiscal 2022 was $ 55.6 million ( $ 0.19 per share ) compared to a loss of $ 30.3 million ( negative $ 0.11 per share ) last year . Operating income this quarter was $ 86.2 million ( 11.5 % of revenue ) , compared to a loss of $ 110.3 million in the first quarter of fiscal 2021. First quarter adjusted segment operating income was $ 98.4 million ( 13.1 % of revenue ) compared to a loss of $ 2.1 million last year . Adjusted segment operating income excluding COVID - 19 government support programs was $ 84.8 million ( 11.3 % of revenue ) compared to a loss of $ 46.5 million last year . All financial information is in Canadian dollars unless otherwise indicated . Summary of consolidated results ( amounts in millions , except per share amounts ) Q1-2022 Revenue $ 752.7 $ Q1-2021 550.5 Variance % Operating income ( loss ) $ 86.2 $ ( 110.3 ) 37 % 178 % Adjusted segment operating income ( loss ) ( SOI ) $ 98.4 $ ( 2.1 ) 4,786 % As a % of revenue % 13.1 % Adjusted SOI excluding COVID - 19 government support programs $ 84.8 $ ( 46.5 ) 282 % As a % of revenue % 11.3 % Net income ( loss ) $ 47.3 $ ( 110.0 ) 143 % Net income ( loss ) attributable to equity holders of the Company Basic and diluted earnings per share ( EPS ) $ 46.4 $ ( 110.6 ) 142 % $ 0.16 $ ( 0.42 ) 138 % Adjusted net income ( loss ) $ 55.6 $ ( 30.3 ) 283 % Adjusted EPS $ 0.19 $ ( 0.11 ) 273 % Adjusted net income ( loss ) excluding COVID - 19 government support ( 7 ) programs $ 45.6 $ ( 62.9 ) 172 % Adjusted EPS excluding COVID - 19 government support programs $ 0.15 $ ( 0.24 ) 163 % Order intake ( 8 ) $ 521.5 $ 417.1 25 % Total backlog ( 8 ) $ 7,934.1 $ 8,550.9 ( 7 % )