RE:144 for the year ?Thanks for this info Tempo1.
If we end up 6 deliveries short from the lower end of the 2024 150-155 target, we'll still end up close to the top end, if not over, the 8.4 to 8.6 B$ in revenues. Can't wait to see what the real numbers are going to be, especially for the FCF and EBITDA.
the info I had from CCAR and FAA data was that we were 10 deliveries short, and with AWIN numbers being always good even if not 100% on the dot, it sure looks like the issues with suppliers might have caught up with Bombardier after all.
Now, let's see what the next 3 weeks or so will bring.
GLTA
Tempo1 wrote: From a CIBC report
Aviation Week released its December business jet delivery figures with BBD delivering 144 units in 2024 versus our expectations of 152 and the company’s guidance of 150-155. We have adjusted our estimates to reflect this update. While we see a risk to BBD coming in below its 2024 EBITDA target and its 2025 free cash flow (FCF) target (we have a sub-1x book-to-bill ratio this year), as well as acknowledging the risk of U.S. tariffs on Canadian exports impacting order activity, on balance we maintain a favourable view on the company. Our positive bias is anchored by our expectations that BBD will see a step up in FCF in 2025 and beyond, its backlog is two years deep, and it is trading at an undemanding valuation. We keep our Outperformer with our price target moving down C$1 to C$126.
BBD Delivered 33 Aircraft In December: AWIN released its December business jet delivery numbers. Worldwide business jet deliveries totaled 143 versus 154 the prior year. BBD delivered the most business aircraft at 33 in December (plus one military aircraft), followed by Gulfstream with 28 deliveries, Embraer at 27 deliveries and Cirrus at 16 deliveries. BBD delivered 16 Challenger 3500s, seven Challenger 7500s, four Global 6500s, four Global 5500, one Challenger 650, and one Global 6000. Q4/24 And Full-year Deliveries:
During Q4/24, BBD delivered 55 aircraft, consisting of 25 Challenger 3500s, 14 Global 7500s, six Global 6500s, five Global 5500s, four Challenger 650s, and one Global 6000 model. This brings BBD’s full-year deliveries to 144 aircraft. BBD was previously guiding to 150- 155 deliveries in 2024 and our expectation was for 152 deliveries.