- Bombardier Inc. BDRAF reported second-quarter revenues of $1.6 billion, an increase of 2% year-over-year, reflecting 28 aircraft deliveries and a 22% year-over-year aftermarket revenue increase to $359 million.
- Adjusted EPS was $(0.48), an improvement from $(1.49) in 2Q21.
- Adjusted EBITDA rose 41% Y/Y to $201 million, and the margin increased 350 bps to 12.9%.
- Bombardier's cash flow from operating activities for Q2 was $422 million, and net additions to PP&E and intangible assets were $81 million.
- The company generated a free cash flow of $341 million from continuing operations in the quarter, representing an improvement of $250 million from a year ago.
- Strong order intake resulted in unit book-to-bill of 1.8 and a 37% Y/Y increase in order backlog to $14.7 billion.
- Adjusted liquidity stands at $1.8 billion, with cash and equivalents of $1.4 billion, at the end of the quarter.
- "Supply chain pressure is contributing to keeping our aircraft delivery ramp up at a conservative and steady pace, in line with our 2025 projections," commented CEO Éric Martel.
- FY22 Outlook: Bombardier reaffirmed its original guidance on aircraft deliveries to exceed 120 units, revenues to exceed $6.5 billion, with adjusted EBIT and adjusted EBITDA to be greater than $375 million and $825 million, respectively.
- It sees cash flows from operating activities to be > $515 million, a significant increase from prior expectations of > $50 million
- Price Action: BDRAF shares are trading higher by 12.74% at $20.40 on the last check Thursday.
- Photo Via Company
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
