CAE Sees FY24 Total Capital Expenditures ~$50M Higher YoY
Portfolio Pulse from Benzinga Newsdesk
CAE Inc. expects its total capital expenditures for fiscal year 2024 to be approximately $50 million higher year-over-year.
August 09, 2023 | 12:26 pm
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NEUTRAL IMPACT
CAE Inc. anticipates a significant increase in capital expenditures for FY24, which could impact its financial performance and potentially its stock price.
The announcement of increased capital expenditures indicates that CAE Inc. is planning to invest more in its business operations. This could lead to improved performance in the long term, but it might also put pressure on the company's short-term profitability due to the increased costs. Therefore, the impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100