CAE swings to C$347.0 million Q3 loss on C$443.3 million asset write-down
CAE reported a third-quarter net loss of C$347.0 million, or $1.40 per share, for the quarter ended December 31, 2004, driven by a non-cash C$443.3 million pre-tax impairment charge. Excluding the charge, earnings from continuing operations fell to C$8.8 million from C$14.5 million a year earlier, while revenue rose 1.0% to C$257.5 million. The company also announced a restructuring plan and cut its annualized dividend to $0.04 per share.
Key points
- Q3 net loss of C$347.0 million, or $1.40 per share, including a C$443.3 million pre-tax non-cash impairment charge
- Excluding the charge, Q3 earnings from continuing operations were C$8.8 million ($0.04 per share) versus C$14.5 million ($0.05 per share) a year earlier
- Revenue from continuing operations rose 1.0% to C$257.5 million; about 450 jobs to be cut and a C$30 million charge recorded in the quarter ending March 31, 2005
- Annualized dividend reduced to $0.04 per share; estimated after-tax gain of C$110 million from the Marine Controls sale expected in the quarter ending March 31, 2005
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 18, 2005.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.