04:42 PM EST, 02/13/2025 (MT Newswires) -- CAE (CAE.TO, CAE) was up 3.2% in after-hours New York trading after the company on Thursday afternoon reported higher fiscal third-quarter adjusted profit and revenue, while appointing four new directors to its board.

The aircraft simulator and training company said adjusted earnings, excluding most one-time items, stood at $91.9 million, or $0.29 per share, in the quarter, up from $76.6 million, or $0.24, in the year-prior period. The FactSet consensus was $0.35 per share.

Revenue for the quarter ended Dec. 31 was $1.22 billion, up from $1.09 billion a year ago. FactSet estimated $1.25 billion.

Management of the flight-simulator and aircraft-technologies company now expects annual Civil adjusted segment operating income growth to be slightly lower than the previous forecast of around 10%. Due to this, product deliveries will make up a larger share of Civil revenue, leading to an adjusted operating income margin slightly below the earlier expected range of 22% to 23%, the company said.

Management also expects high-single-digit percentage growth in annual Defense revenue, up from the previous low- to mid-single-digit range, and an annual Defense adjusted segment operating income margin slightly above the previously forecasted range of 6% to 7% for fiscal 2025, the company said, adding that its management still aims for three-year earnings per share growth in the low- to mid-teens percentage range.

The company appointed four new directors to its board, including Calin Rovinescu as chair. The other three appointments are Peter Lee, Katherine Lehman, and Louis Tetu. The changes will take effect on Friday.

The company's shares were up US$0.74 to US$24.25 after hours. They closed down $0.26 to $33.37 on the Toronto Stock Exchange.