Bullboard - Stock Discussion Forum Bombardier Inc. T.BBD.A

Alternate Symbol(s): BDRXF | BDRAF | BDRBF | T.BBD.B | T.BBD.PR.B | T.BBD.PR.C | T.BBD.PR.D | BOMBF | BDRPF

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... see more

Add To Watchlist

TSX:BBD.A - Post Discussion

Bombardier Inc. > Very good quarter

View:

Post by stockitnow on Jul 25, 2024 6:34am

Very good quarter

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.

286

Comment

Comment by Thebomber2023 on Jul 25, 2024 6:52am

This is really very good news, as soon as the markets open we should see Bombardier propel to other new heights

Comment

Comment by stockitnow on Jul 25, 2024 7:26am

The additional jet delivery does give assurance that Pearson strike won't have much impact on yearly target. Delivering more then expect also demonstrate that bombardier has very good control of its supply chain. Other OEM are still struggling and blaming supply chain for not meeting target and here bombardier beats the target on delivery easily. If it wasn't for sp drop yesterday ...more

153

Comment

Comment by Truthifest on Jul 25, 2024 7:35am

Excellent Q2. Looking ahead, what do you guys think of the Trump tariff risk and the end of US accelerated depreciation this year, regarding impacts on 2025 bookings?

Comment

Comment by stockitnow on Jul 25, 2024 7:58am

I am not concern about it. By the time Trump gets his cabinet sorted out and up to speed, it will be mid year. Trump will be going after democrats and he is all about revenge, that will keep him distracted. He has a beef with Mexico and Treadeau. Treadeau will be gone next election. So his attention won't be with Canada. His VP is good friends with Con MP ...more

159

Comment

Bombardier Inc.