CAE Inc. (NYSE:CAE) Q1 2025 Earnings Conference Call August 14, 2024 4:30 PM ET
Company Participants
Andrew Arnovitz - SVP, Investor Relations and Enterprise Risk Management
Marc Parent - President and Chief Executive Officer
Sonya Branco - EVP, Finance, and Chief Financial Officer
Nick Leontidis - Chief Operating Officer
Conference Call Participants
Sheila Kahyaoglu - Jefferies
Konark Gupta - Scotiabank
Kevin Chiang - CIBC
James McGarragle - RBC Capital Markets
Benoit Poirier - Desjardins Capital Markets
Cameron Doerksen - National Bank Financial
Kristine Liwag - Morgan Stanley
Operator
Good day, ladies and gentlemen. Welcome to the CAE's First Quarter Financial Results for Fiscal Year 2025 Conference Call. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity for analysts to ask questions. [Operator Instructions].
I would now like to turn the conference over to Mr. Andrew Arnovitz. Please go ahead, Mr. Arnovitz.
Andrew Arnovitz
Good morning, everyone, and thanks 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, August 14, 2024, 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 CAEs Annual MD&A available on our corporate website, in our filings with the Canadian Securities Administrators on SEDAR plus and the US Securities and Exchange Commission on EDGAR. With the divestiture of CAE's Healthcare business in fiscal 2024, all comparative figures discussed here and our financial results have been reclassified to reflect discontinued operations.
On the call with me this morning are Marc Parent, CAE's President and Chief Executive Officer; and Sonya Branco, our Chief Financial Officer; Nick Leontidis, CAE's Chief Operating Officer is on hand for the question period. After remarks from Mark and Sonya, we'll open the call to questions from financial analysts.
Let me now turn the call over to Mark.
Marc Parent
Thank you, Andrew, and good morning to everyone joining us on the call. Our performance in the first quarter reflects a continued healthy level of demand across our civil market solutions with some softness in commercial aviation training in certain regions compared to last year. Our results also demonstrate our ongoing progress to move our defense business forward to from the rebase landing last year, which sets us up on a clear path to margin improvement. Testimony to our strong position in secular growth markets, we booked nearly $1.2 billion in total orders this quarter for a record $17 billion in adjusted backlog.