CAE Expects FY25 Civil Performance To Be More Heavily Weighted In Second Half, Expects Defense Annual Rev Growth In Low-To-Mid-Single Digit Percent Range
Portfolio Pulse from Benzinga Newsdesk
CAE anticipates its FY25 civil performance to be more heavily weighted in the second half of the year. The company also expects its defense segment to see annual revenue growth in the low-to-mid-single digit percentage range.
May 21, 2024 | 8:42 pm
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CAE expects its civil performance to be stronger in the second half of FY25 and anticipates low-to-mid-single digit percentage growth in its defense segment's annual revenue.
The company's projection of stronger civil performance in the latter half of FY25 suggests potential revenue growth, which is positive for the stock. Additionally, the expected growth in the defense segment, albeit modest, indicates stability and potential for incremental gains.
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