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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

Comment by BBDB859on Nov 07, 2024 12:47pm
63 Views
Post# 36301360

RE:RE:RE:RBC : Solid quarter (Quick take)

RE:RE:RE:RBC : Solid quarter (Quick take)No problem on the Inflation reply. Didn't even notice. Thanks for the Image


Letsmakemoredol wrote:
BBDB859 wrote: Hey Temp.

Can you post Exhibit 1 from the above RBC report. If it's easy to do? Thanks in advance.


Tempo1 wrote: Results above expectations; margins likely reflecting supply chain costs in our view

Sentiment:
Positive

Our early take on the results: Q3 results were solid with EBITDA coming in ahead of expectations on stronger revenues driven by mix and robust aftermarket growth up +28% (RBCe: +20%). Margins however came in below Street expectations, which we see as being driven by higher engine related supply chain costs, and we will look to follow up on the call. The company's unit book-to-bill came in at 1.0x and backlog remained stable at $14.7B. Finally, FCF usage came in below expectations on higher inventory build, though the company reiterated the 2024 guide, and overall we are taking a positive view on today's release.

Q3/24 results above expectations. BBD reported EBITDA of $307MM, which was above consensus of $288MM (RBC: $271MM). EBITDA margins came in at 14.8% (down 55 bps y/y) vs cons. at 16.1% and our 15.5%. Revenues for the quarter were $2.1B, up 12% y/y driven by delivery mix and an increase in services revenue, which were up 28%, above our 20% estimate. FCF usage of -$127MM was below consensus of -$-67MM, on inventory investments. Deliveries came in at 30 (vs our 29) and in line with consensus at 30, while the order backlog remain stable at $14.7B (vs $14.9B last quarter) on a book-to-bill of 1.0x, indicating a balanced demand environment. We highlight additional key items in Exhibit 1 comparing the actuals to our and consensus estimates for the quarter







859, here you are.  btw I decided not to comment on the whole housing inflation thing as I thought it was going way off topic

[img]Screenshot-2024-11-07-080654[/img]


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