Thursday, July 25, 2024, 6:30 AM ET Bombardier Posts Double-Digit Growth Across Key Metrics Including Deliveries, Revenues, Services and Profitability, Affirms Full Year Guidance -- 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.
All amounts in this press release are in U.S. dollars, unless otherwise indicated.
Amounts in tables are in millions except per share amounts, unless otherwise indicated.