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Bombardier Inc. T.BBD.A

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

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its 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, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.


TSX:BBD.A - Post by User

Post by stockitnowon Aug 05, 2021 6:11am
4703 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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