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.

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Bombardier Inc.

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Post by naissance17on Jul 25, 2024 6:49am

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Post# 36147452

Duble-Digit Growth

Bombardier Posts Double-Digit Growth Across Key Metrics Including Deliveries, Revenues, Services and Profitability, Affirms Full Year Guidance

GlobeNewswire

Published Jul 25, 2024 • 26 minute read

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Second quarter 2024 aircraft deliveries reached 39 units and total revenues climbed to $2.2 billion, with Services contributing $507 million, reflecting year-over-year growth of 34%, 32% and 18%, respectively.
Adjusted EBITDA⁽¹⁾ of $335 million for the second quarter was up 22% year-over-year, and adjusted EBITDA margin⁽²⁾ was 15.2%. Reported EBIT for the second quarter was $191 million. Adjusted EPS⁽²⁾ was positive at $1.04 for the second quarter, with diluted EPS⁽³⁾ at $0.12.
Free cash flow usage⁽¹⁾ of $68 million represented a $154 million improvement compared to the same quarter of 2023. Reported cash flow usage from operating activities and net additions to PP&E and intangible assets were $31 million and $37 million, respectively.
Backlog⁽⁴⁾ as at June 30, 2024 was $14.9 billion on unit book-to-bill⁽⁵⁾ of 1.0, reflecting consistent demand.
Available liquidity⁽¹⁾ remained strong at $1.3 billion; cash and cash equivalents were $1.0 billion as at June 30, 2024.