CAE Inc. reported first quarter fiscal 2027 results with revenue of CAD 1,173.4 million, a 6.8% increase year-over-year. Earnings per share declined to $0.10 from $0.18 in the prior year period, while adjusted EPS remained flat at $0.26. Operating income fell 35.1% to $86.8 million due to CAD 48.3 million in restructuring costs associated with a transformation plan targeting CAD 125 million to $150 million in annual savings by fiscal 2030. Free cash flow improved significantly to $104.0 million from a negative $134.7 million previously, and net debt-to-adjusted EBITDA decreased to 2.27x. The company repurchased approximately CAD 39.0 million in shares during the quarter. CAE Inc. operates in the aviation training and simulation industry, providing flight simulators and critical operations solutions for civil aviation and defense sectors.