Bombardier reports strong Q3 results with revenue increase, profitability growth, and enhanced liquidity

From GlobeNewswire: 2024-11-07 06:30:00

Bombardier Inc. reported a 12% year-over-year increase in total revenues to $2.1 billion for the third quarter of 2024, with Services contributing a record $528 million. Adjusted EBITDA was $307 million, adjusted EPS was $0.74, and backlog stood at $14.7 billion. Liquidity remained strong at $1.2 billion. The company also increased its secured revolving credit facility by $150 million to $450 million.

The third quarter of 2024 saw Bombardier achieve steady growth in revenues, profitability, and services, meeting full-year 2024 guidance. With a book-to-bill ratio of 1.0 and a backlog of $14.7 billion, the company delivered 30 aircraft and remains on track to meet delivery guidance for 2024. Adjusted net income increased by $1 million year-over-year to $81 million.

Operational efficiency drove profitability in the third quarter of 2024, with adjusted EBITDA reaching $307 million, an 8% increase year-over-year. Adjusted EPS was $0.74, and free cash flow usage was $127 million. Available liquidity remained solid at $1.2 billion, and the company further enhanced its liquidity with a $150 million increase to its revolving credit facility, positioning itself for future growth.

Bombardier continues to focus on customer needs, innovation, and sustainability in its aircraft design and service offerings. With a commitment to delivering high-quality products and services, the company aims to lead the future of aviation. Operating a fleet of around 5,000 aircraft, Bombardier’s performance-leading jets are supported by a global network and facilities in North America.

Forward-looking statements by Bombardier highlight key factors that may impact future growth, performance, and results. Operational, financing, market, and business environment risks, along with regulatory and legal proceedings, are among the factors that could affect the company’s operations. Management continues to monitor and adjust strategies in response to changing global events and economic conditions.



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