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

Industrials Aerospace & Defense

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

Bombardier Inc.

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Post by Shamhorishon Apr 26, 2024 8:57am

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Post# 36008945

SIMPLY W STREET, BBD Revenues Lag

Bombardier (TSE:BBD.B) First Quarter 2024 Results

Key Financial Results

Revenue: US$1.28b (down 12% from 1Q 2023).
Net income: US$110.0m (down 63% from 1Q 2023).
Profit margin: 8.6% (down from 20% in 1Q 2023). The decrease in margin was primarily driven by lower revenue.
EPS: US$1.04 (down from US$3.10 in 1Q 2023).

Bombardier EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 15%. Earnings per share (EPS) exceeded analyst estimates by 106%

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Aerospace & Defense industry in Canada.

Performance of the Canadian Aerospace & Defense industry.

The company's shares are up 8.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Bombardier has 5 warning signs (and 2 which are concerning) we think you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature
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