CAE Q3 Profit Increases - Quick Facts

(RTTNews) - Canadian aviation-training and simulation products provider CAE Inc. (CAE, CAE.TO) said that its third-quarter net income attributable to equity holders increased to C$46.1 million or C$0.18 per share from C$37.5 million or C$0.14 per share last year.

Revenue for the quarter increased to C$513.6 million, from C$500.9 million in the third quarter last year.

Analysts polled by Thomson Reuters expected the company to report earnings of C$0.18 per share and revenues of C$533.16 million for the third-quarter. Analysts' estimates typically exclude special items.

"Our performance improved across the board in the third quarter with higher operating margins and a strong order intake.....We have increased confidence for a strong second half with high-teens margins in Civil and continued resiliency in defence. Our operational discipline is driving positive results, and with a clearer outlook for defence, and a robust commercial aerospace market, we are positioned for continued growth," said Marc Parent, CAE's President and Chief Executive Officer.

The company stated that it will pay a dividend of C$0.06 per share effective March 31, 2014 to shareholders of record at the close of business on March 14, 2014.