CAE Inc (CAE) Q3 2020 Earnings Call Transcript

CAE Inc (CAE) Q3 2020 Earnings Call Transcript

Before we begin, I'd like to remind you that today's remarks, including management's outlook for fiscal year '20 and answers to questions contain forward-looking statements.. On the call with me this afternoon are Marc Parent, CAE's President and Chief Executive Officer; and Sonya Branco, our Chief Financial Officer.. CAE had strong growth in the third quarter, with revenue up 13%, segment operating income up 37%, and we secured CAD1.1 billion of orders for a 1.2 times book-to-sales ratio.. CAE's total backlog at the end of the quarter was CAD9.4 billion.. Our performance continued to be led by Civil, which delivered strong operating income growth, and we continued to have good momentum in the market with our innovative and comprehensive training solutions.. In Defense, we have good operating income growth in the quarter, which supports our view for a stronger second half.. And in Healthcare, we had double-digit revenue growth and we continued to bring highly innovative solutions to market that make healthcare safer.. We booked CAD706 million of orders for training solutions in Q3, including a long-term training -- pilot training agreement with JetSmart Airlines and 17 full-flight simulators for a total of 37 for the first nine months of