TSX:BBD.A - Post Discussion
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naissance17 on Jul 25, 2024 6:49am
Duble-Digit Growth
Bombardier Posts Double-Digit Growth Across Key Metrics Including Deliveries, Revenues, Services and Profitability, Affirms Full Year Guidance
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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.
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