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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 ITSUP2MEon Feb 10, 2022 7:42am
367 Views
Post# 34415601

Summary...

Summary...

Feb 10 (Reuters) - Canadian business jet maker Bombardier Inc reported an adjusted quarterly profit on Thursday, helped by higher aircraft margins and cost reduction efforts.

Bombardier's business jet revenue decreased 24% to $1.87 billion on fewer deliveries of aircraft.

However, Bombardier expects revenues to rise more than $6.5 billion in 2022 as higher-priced corporate planes account for a larger part of deliveries.

The Montreal-based company posted an adjusted net income of $80 million, or 3 cents per share, for the quarter ended Dec. 31, compared with a loss of 475 million, or 20 cents per share, a year earlier.

In 2021, Bombardier generated a cash flow of $100 million from continuing operations, a metric watched closely by investors. It expects free cash flow to be greater than $50 million in 2022.

Separately, the company said it would host its investor day virtually on Feb. 24.

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