RE:Strong results Same as last year on deliveries, with a few less. I still don't understand where you guys went wrong on the count. But I don't think it was your fault, I think it was just the publications. Either way thank you guys for your good work.
The results were as expected, with good margins, and as Bart D said the reason for that was the strong Service revenues. We'll have the same delivery patern as last year, as a result of 2nd half heavy deliveries patern. This is why they kept the extra cash on hand of $1.85B, and not paid off any LTD this year other than a small $100M pay down.
They're getting the orders (1.6 B to B), and that comes their ability to deliver more planes than any other OEM's. This is what I expected from Pearson, especially when they get pearson going full throttle by the end of 2024. In fact they delivered 50% of the planes for the quarter from all their competitors as EM said, with only of about 35% of market share. This market share will change as time goes on because of their ability to deliver. I anticipate that, we'll end up with half of the market share of all the Business Jet market in a couple years. Because of the way the service is performing as well, and combined that with our production capabilities, we'll have a very strong franchise in a couple of years. Their competitors will all have to make these huge investments too, just to catch up. The huge 5,000 Bomber plane fleet out there is growing way faster, and their service is getting repatriated fast. Just look at the Service revs of the quarter. This service income is steady, and has higher margins, so this move was great. This company SP should slowly start to reflect these advancements in the franchise.
Tempo1 wrote: I am surprised by results; high margins, almost same EBIT with 200 M$ less revenues, stronger backlog.
Is the 3 missing deliveries and the non-cash change in fair value of derivatives will affect the SP today ?
If so, it would be for a short time by ignorant sellers. These results are strongs.