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Bombardier Inc. T.BBD.A

Alternate Symbol(s):  BOMBF | T.BBD.P.B | T.BBD.P.C | T.BBD.P.D | BDRPF | BDRXF | BDRAF | BDRBF | T.BBD.B

Bombardier Inc. is focused on designing, manufacturing, and servicing business jets. The Company has a fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments, and private individuals. The Company designs, develops, manufactures and markets two families of business jets (Challenger and Global), spanning from the mid-size to large categories. The Company also provides aftermarket support for both of these aircraft, as well as for the Learjet family of aircraft. The Company's robust customer support network services the Learjet, Challenger, and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, The United Arab Emirates, Singapore, China and Australia. Its jets include Challenger 300, Challenger 350, Challenger 3500, Global 5000, Global 5500, Global 6000.


TSX:BBD.A - Post by User

Post by stockitnowon May 05, 2022 6:36am
453 Views
Post# 34657711

Q1 results

Q1 results6.452% NEWS Bombardier Inc. Class B Subordinate Voting Shares News & Events May 5, 2022, 6:34 AM ET BACK TO OVERVIEW ADD TO WATCHLIST SUBSCRIBE TO ALERTS Bombardier Reports First Quarter 2022 Results, Grows Backlog by $1.3Billion, Meaningfully Expands Profit Margins, and Delivers Fourth Consecutive Quarterly Positive Free Cash Flow in Continued Progress Towards Long-term Objectives GlobeNewswireMay 5, 2022 6:30 AM EDT Revenues of $1.2 billion reflect strong aftermarket performance and 21aircraft deliveries, well on track towards full year guidance of more than 120 deliveries. Adjusted EBITDA(1)rose to $167 million, a 36% year-over-year improvement fueled byGlobal7500margin expansion, execution of cost reduction plan and higher contributions from aftermarket. First quarter reported EBIT from continuing operations was $85million. Strong free cash flow(1)generation of $173 million from continuing operations represents an improvement of $578 million year-over-year and tracks ahead of plan, driven by strong order intake, reduction in interest paid and earnings growth. Adjusted liquidity(1)stands strong at $1.8billion. Reported cash flows from operating activities for the quarter was $217million and net additions to PP&E and intangible assets for the quarter were $44 million. Cash and cash equivalents as at March 31, 2022 were $1.4billion. First quarter unit book-to-bill(2)of 2.5 and backlog rose by $1.3billion to $13.5billion since the beginning of 2022, a reflection of continued strong order intake.
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