Deliveries: Fresh info from managementIndirectly since it's coming from analysts, per Tempo1's postings. Imho,everything looks ok as far as deliveries planned and Pearson plant. (Feel free to believe what you want, I'm not here to change anyone's mind)
CIBC - expect 30 deliveries for Q3/2023 vs 25 for Q3/2022
***
RBC - We attended the 2023 NBAA Business Aviation Convention & Exhibition in Las Vegas on October 17th/18th. We sat down for a 1x1 meeting with Bart Demosky (CFO) and hosted the senior mgmt team at an RBC dinner that evening. Key highlights as follows:
2023 targets appear on track. We spoke with mgmt regarding current demand levels, continued ramp in services business, cost control experience and FCF generation. Key is that all aspects are consistent with the company's 2023 guidance, which should (as we expect) result in a nice FCF inflection in Q3 and Q4. Mgmt flagged that prior supply chain issues are improving notably, and BBD's cost inflation is "well below headline trends". Demand remains steady, and production levels are on pace. All of this suggests, in our view, that Q3 and Q4 should be solid for BBD.
GLTAL