CAE, Inc. (NYSE:CAE) Q2 2024 Earnings Call Transcript November 14, 2023 2:00 PM ET
Company Participants
Andrew Arnovitz - SVP, IR & Enterprise Risk Management
Marc Parent - President and CEO
Sonya Branco - Executive VP of Finance & CFO
Conference Call Participants
Fadi Chamoun - BMO Capital Markets
Tim James - TD Securities
Cameron Doerksen - National Bank Financial
Kevin Chiang - CIBC
Kristine Liwag - Morgan Stanley
James McGarragle - RBC Capital Markets
Benoit Poirier - Desjardins Capital Markets.
Konark Gupta - Scotiabank
Operator
Good day, ladies and gentlemen. Welcome to the CAE Second Quarter Conference Call. Please be advised that this call is being recorded. I would now like to turn the meeting over to Mr. Andrew Arnovitz. You may now proceed, Mr. Arnovitz.
Andrew Arnovitz
Good afternoon, everyone, and thank you for joining us. Before we begin, I'd like to remind you that today's remarks, including management's outlook and answers to questions, contain forward-looking statements. These forward-looking statements represent our expectations as of today, November 14, 2023, and accordingly, are subject to change. Such statements are based on assumptions that may not materialize and are subject to risks and uncertainties.
Actual results may differ materially, and listeners are cautioned not to place undue reliance on these forward-looking statements. A description of the risks, factors, and assumptions that may affect future results is contained in CAE's annual MD&A available on our corporate website and in our filings with the Canadian securities administrators on SEDAR Plus and the U.S. Securities and Exchange Commission on EDGAR.
On the call with me this afternoon are Marc Parent, CAE's President and Chief Executive Officer; and Sonya Branco, our Chief Financial Officer. After remarks from Marc and Sonya, we'll open the call to questions from financial analysts. And at the end of that segment, we'll open the line to members of the media, should there be any questions.
Let me now turn the call over to Marc.
Marc Parent
Thank you, Andrew, and good afternoon to everyone joining us on the call. We delivered a good performance overall in the second quarter with double-digit top and bottom line growth, driven mainly by continued strong momentum in Civil and higher contribution from Defense compared to the second quarter last year.
We made excellent progress to secure CAE's future with nearly $1.2 billion in total adjusted order intake for a record $11.8 billion of adjusted backlog. We further bolstered our financial position on the path to meeting our short-term leverage target.