MONTREAL — CAE Inc. says it earned $168.6 million in its third quarter, up from $56.5 million during the same quarter last year.
The company says revenues were $1.2 billion, up 12 per cent from $1.1 billion a year earlier.
Earnings per share from continuing operations were 53 cents, up from 18 cents.
Chief executive Marc Parent says during the quarter, CAE secured $2.2 billion in new orders and saw a record adjusted backlog of $20 billion.
Civil aviation revenue rose to $752.6 million during the quarter, while defense revenue was slightly lower at $470.8 million.
CAE also announced it’s appointing four new directors to its board, including former Air Canada CEO Calin Rovinescu as chair.
This report by The Canadian Press…
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