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Bombardier Inc. T.BBD.A

Alternate Symbol(s):  T.BBD.P.B | T.BBD.P.C | T.BBD.P.D | BDRPF | BDRXF | BDRAF | BDRBF | BOMBF | 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 Aug 05, 2021 6:11am
4677 Views
Post# 33653365

Q2 results. Solid performance

Q2 results. Solid performance FY2021 guidance: (i) aircraft deliveries expected to reach ~120 units, revenues to exceed $5.8B; (ii) profitability increased to greater than $175M adjusted EBIT(1)and adjusted EBITDA(1)expected to be greater than $575M vs previously announced $100M and $500M, respectively; (iii) Free cash flow usage(1)now expected to be better than $300M for the year vs $500M(2) Business jet revenues continue positive trend; second quarter year-over-year revenues up 50%, totalling $1.5B, mainly driven by a 45% increase in deliveries and greater contribution from services as flight hours continue industry-wide climb. Adjusted EBITDA for the quarter up by $112M year over year to $143M. Reported EBIT from continuing operations for the quarter was $36M Strong free cash flow generation for the quarter of $91M from continuing operations, including the negative impact of approximately $60M non-recurring cash items(3), representing an improvement of $841M year over year. Reported cash flows from operating activities - continuing operations for the quarter was $155M and net additions to PP&E and intangible assets - continuing operations for the quarter were $64M Second quarter unit book-to-bill(4)climbing to ~1.8 on strong sales activity throughout the portfolio and increased interest in business aviation Pro-forma liquidity(5)at quarter end was ~$2.1B and pro-forma net debt(5)was~$5.3B, including $1.0B maturing in the next 3 years. The Corporation continues to evaluate various options to address other debt maturities in an opportunistic manner. https://www.globenewswire.com/news-release/2021/08/05/2275325/0/en/Bombardier-Raises-Full-Year-Guidance-Following-Solid-First-Half-Execution-and-Market-Momentum-Reports-Second-Quarter-2021-Results.html
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