CAE reported financial results for the third quarter ended December 31, 2012. Net income attributable to equity holders was Canadian $37.8 million ($0.15 per share) this quarter, compared to $45.6 million ($0.18 per share) last year. Excluding $8.8 million (after-tax) of restructuring, integration and acquisition costs this quarter, net income attributable to equity holders was $46.6 million ($0.18 per share). Revenue for the quarter was $522.1 million, 15 percent higher than $453.1 million last year.

“Our results for the quarter were as we anticipated, given the integration and restructuring efforts underway in our civil and military segments,” said Marc Parent, CAE’s President and Chief Executive Officer. “In civil products, simulator wins in the quarter put us on track for annual sales in the mid-1930s. The integration of recently acquired Oxford is progressing as planned, and we continue to expect significant synergies in civil training as this effort is concluded. In military, order levels continued to reflect the delays currently inherent to the defence market, but we had a good win rate and we remain confident given our high level of bid activity.”