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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 Feb 10, 2022 7:00am
439 Views
Post# 34415499

Q4 results

Q4 results 2021 reported revenues for the year of $6.1 billion, including business jet revenues of $6.0 billion, up 7% year-over-year, driven by higher deliveries, a favorable aircraft mix and strong aftermarket performance at $1.2 billion, up 25% year-over-year. 2021 adjusted EBITDA(1)rose 220% from the same period last year to $640 million, fueled by a better aircraft mix,Global 7500aircraft learning curve progress, cost structure improvements and higher aftermarket contributions. Full year reported EBIT from continuing operations is at $241million. Strong free cash flow(1)generation of $100 million from continuing operations for 2021, representing an improvement of $2.0 billion year-over-year, driven by earnings growth and strong order intake. Net additions to PP&E and intangible assets from continuing operations for the full year were $232 million. Adjusted liquidity(1)stands strong at $2.1 billion; cash and cash equivalents were $1.7 billion as of December 31, 2021. Full year unit book-to-bill(2)of greater than 1.5. Diversified backlog reached $12.2 billion at year end, representing a $1.5 billion increase year-over-year and a reflection of continued strong order intake. 2022 outlook(3)expected to outperform 2021 and is on track to meet 2025 objectives: the company anticipates delivering more than 120 units, exceeding $6.5 billion in revenues, increasing adjusted EBITDA by 29% compared to 2021 to greater than $825 million, increasing adjusted EBIT(1)to greater than $375 million, and achieving more than $50 million of positive free cash flow. Company to provide progress update on its five-year strategic plan during a virtual Investor Day on February 24, 2022.
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