Bombardier Inc. T.BBD.A

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

Industrials Aerospace & Defense

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

Bombardier Inc. > Q1 - some good, some bad

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Comment by Nordicoon Apr 28, 2024 6:56pm

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Post# 36011869

RE:RE:RE:RE:Q1 - some good, some bad

Huh, how am I "wrong" re: the product mix? Globals are higher profit margin than Challengers; Bomber delivered 8 Challengers and 14 Globals last year's Q1, and this year it was 12 Challengers and 8 Globals - hence the big difference in adjusted earnings. You aren't going to have higher profit from delivering a much higher proportion of Challengers than Globals.

Tempo1 wrote: You are right; the one time event are not in the adjusted EPS, but the consequence of them are in.

But you are wrong for the product mix" . The Gross margin, the EBIT and the adjusted EBITDA are almost the same even if we had 200 M$ less sales. So, the mix or whatever have given positive results not less.

The difference are caused by the taxes recuperation indirectly caused by the gain on derivatives last year.

Yep, the 217 M$ profit pre-tax largely due tothe derivative gain gave a 85 M$ tax recuperation for a net result of 302 Mnbsp; which result in a 1,06$ adjusted EPS after sustracting the gain on derivative but leaving the tax recuperation.

This year, the tax recuperation was only 16 M$ due to the smaller profits (102 M$), so the bigger difference between the adjusted EPS results of the 2 years is the tax recuperation which was close to 0,90$ last year and only 0,15$ this year.