From GlobeNewswire: 2025-02-06 06:33:00

Bombardier Inc. reported strong financial results for the fourth quarter and full-year 2024, with revenues surpassing guidance at $8.7 billion, an 8% increase year-over-year. Adjusted EBITDA was up 11% to $1.36 billion, and backlog reached $14.4 billion. The company saw significant debt reduction and progress on deleveraging efforts, with adjusted net debt to adjusted EBITDA ratio reduced from 3.3x to 2.9x. With uncertainties around new tariffs, Bombardier has deferred providing guidance for 2025 objectives.

Revenues for 2024 reached $8.7 billion, driven by record service performance exceeding $2.0 billion. Adjusted EBITDA increased 11% year-over-year to $1.36 billion, with adjusted net income at $547 million. Free cash flow generation was $232 million, and backlog increased to $14.4 billion. The company also made progress on reducing approximately $400 million in debt in 2024.

Bombardier’s adjusted net debt to adjusted EBITDA ratio improved from 3.3x in 2023 to 2.9x in 2024, with available liquidity of $2.1 billion. The company also purchased approximately $635 million in annuities for pension plans, strengthening the balance sheet. Due to uncertainties around new tariffs imposed by the U.S. President, the company has chosen to defer providing guidance for 2025 objectives.

In the face of evolving trade policies, Bombardier has decided not to provide guidance for 2025 objectives due to uncertainty surrounding new tariffs. The company’s strong financial performance in 2024, with revenues of $8.7 billion, increased profitability, and progress on debt reduction, sets the stage for continued growth and focus on key priorities like defense and services. The company remains committed to its long-term strategic goals and plans for ongoing growth.



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