CAE INC (CAE) 8-K Filings in 2005: Every Material Event, Explained

CAE 8-K filings in 2005

Every material Form 8-K CAE INC filed with the SEC in 2005, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.

Briefs in 200512 on record in all

Latest filing in 2005Feb 18, 2005earnings

High impact (4-5)1of 1 brief

ToneMixed1

Feb 18, 12:31 PM ET

CAE swings to C$347.0 million Q3 loss on C$443.3 million asset write-down

Mixed earnings Written later 2.02

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.

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

Read the filing on SEC.gov ↗