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CTV News
31-07-2025
- Business
- CTV News
Bombardier reports higher Q2 profit despite higher supply chain costs from tariffs
A plane is seen at a Bombardier facility during a federal election campaign stop, in Dorval, Que., Thursday, April 24, 2025. THE CANADIAN PRESS/Christopher Katsarov MONTREAL — Bombardier Inc. reported a jump in net income in its second quarter even as it dealt with higher supply chain costs stemming from tariffs. 'Looking at other margin drivers for Q2, our pricing was stronger year-over-year but was offset by continued supply chain disruption costs, including some tariff-related costs, which are all fully reflected in our guidance,' Bart Demosky, Bombardier's chief financial officer, said on an earnings conference call on Thursday. The aircraft maker, which keeps its books in U.S. dollars, said it had a net income of US$178 million in the second quarter, up from US$19 million in the same quarter last year. The company said free cash flow usage rose to US$164 million during the quarter, significantly higher than US$68 million during the same period a year earlier. The company said the increase was partly driven by investments in inventory to 'support higher deliveries' in the back half of the year. The company reported a jump in its backlog to US$16.1 billion at the end of the quarter, up US$1.9 billion from the end of the previous quarter, as Bombardier saw its highest single-quarter business jet unit order volume in over a decade. On June 30, Bombardier announced a firm order for 50 of its Challenger and Global aircraft, combined with a services agreement. The value of the deal was US$1.7 billion and deliveries are set to begin in 2027, the company said. The buyer, which was not named, was a first-time Bombardier customer, and also had 70 new aircraft purchase options. Should the options be exercised, the value of the deal would balloon to more than US$4 billion, Bombardier said in a release at the time. RBC analyst James McGarragle said in a July 1 note that the deal was 'a clear positive' for the company, underscoring the 'robust demand for its aircraft and maintenance services.' Bombardier's book-to-bill — the ratio of orders received to deliveries billed, a key indicator of near-term demand for a company's products — increased as a result of the deal. 'This order does contribute in a significant way to our large backlog jump. Overall, it's really half the story behind our solid unit book-to-bill ratio of 2.3. We are seeing sustained demand and consistent flight utilization for business jets,' chief executive Eric Martel said on the call. Martel also noted efforts by the aircraft maker to improve its balance sheet. 'I want to highlight that the major effort to clean up our balance sheet continues to progress very well. This past quarter, we successfully refinanced US$500 million of senior notes. This, of course, is in line with our strategy to strengthen our balance sheet and have a very comfortable debt maturity runway,' he said. The company says its adjusted net income for the quarter ending June 30 was US$117 million, up from US$111 million last year. Adjusted earnings per share came in at US$1.11 each, compared with US$1.04 per share last year. Revenue totalled US$2.03 billion in the quarter, down from US$2.2 billion in the same period last year. Bombardier said its services businesses reported 16 per cent year-over-year growth, reaching US$590 million during the quarter. This report by The Canadian Press was first published July 31, 2025. This is a corrected version. A previous version did not reflect that Bombardier reports in U.S. dollars.
Associated Press
03-07-2025
- Business
- Associated Press
Bombardier to Report Second Quarter 2025 Financial Results on July 31st, 2025
MONTREAL, July 03, 2025 (GLOBE NEWSWIRE) -- Bombardier (TSX: BBD.B) will publish its financial results for the second quarter of 2025 on July 31st, 2025. Financial results for the second quarter of 2025 Éric Martel, President and Chief Executive Officer, Bombardier, and Bart Demosky, Executive Vice President and Chief Financial Officer, Bombardier, will present the financial results for the second quarter of 2025 in a live presentation, followed by a question-and-answer period with analysts. The presentation will take place on July 31st, 2025, at 8:00 a.m. ET. To listen in: The replay of the call will be posted on Bombardier's website shortly after the end of the webcast. About Bombardier At Bombardier ( we design, build, modify and maintain the world's best-performing aircraft for the world's most discerning people and businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs. For them, we are committed to pioneering the future of aviation—innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it. Bombardier customers operate a fleet of approximately 5,100 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier's performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. In 2024, Bombardier was honoured with the prestigious 'Red Dot: Best of the Best' award for Brands and Communication Design. For Information For corporate news and information, including Bombardier's Environmental, Social and Governance report, as well as the company's plans to cover all its flight operations with a Sustainable Aviation Fuel (SAF) blend utilizing the Book and Claim system visit Learn more about Bombardier's industry-leading products and customer service network at Follow us on X @Bombardier. Media Contacts General media contact webform
The Market Online
18-06-2025
- Business
- The Market Online
S&P Global upgrades Bombardier credit rating
Bombardier stock (TSX:BBD.A) is up after S&P Global upgraded the company's credit rating from BB- to B+ with a stable outlook Bombardier designs, builds, modifies and maintains a line of jets for individuals, businesses, governments and militaries around the world Bombardier stock has added 22.42 per cent year-over-year and 561.23 per cent since 2020 Bombardier stock (TSX:BBD.A) is up after S&P Global upgraded the company's credit rating from BB- to B+ with a stable outlook. According to Wednesday's statement from Bart Demosky, Bombardier's executive vice president and chief financial officer, 'this upgrade underscores Bombardier's robust financial performance and strategic management, reflecting our solid execution across business segments, effective deleveraging efforts and increase in liquidity.' The company has been net income profitable for over two years coming out of its restructuring in 2021, which saw it exit the train business to focus exclusively on private jets. Revenue is up by more than 42 per cent over the period combined with a 22 per cent reduction in total debt. 'We now look to the future with confidence, knowing we have solid financial foundations, a strong backlog providing visibility on future deliveries, diversification through growth of Services and Defense businesses, as well as a market-leading product portfolio that continues to see strong demand,' Demosky added. As detailed in Bombardier's Q1 2025 financial results, the company expects year-over-year improvements in aircraft deliveries, revenue, adjusted EBITDA and free cash flow in 2025 supported by a robust backlog of US$14.2 billion as of March 31. About Bombardier Bombardier designs, builds, modifies and maintains a line of jets for individuals, businesses, governments and militaries around the world. Its customers operate a fleet of more than 5,100 aircraft supported by 10 service facilities across six countries. The company operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Bombardier stock (TSX:BBD.A) is up by 0.98 per cent trading at C$107.45 as of 9:37 am ET. The stock has added 22.42 per cent year-over-year and 561.23 per cent since 2020. Join the discussion: Find out what everybody's saying about this private jet company on the Bombardier Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Associated Press
07-04-2025
- Business
- Associated Press
Bombardier to Report First Quarter 2025 Financial Results and Hold Annual General Meeting of Shareholders on May 1st, 2025
MONTREAL, April 07, 2025 (GLOBE NEWSWIRE) -- Bombardier (TSX: BBD.B) will publish its financial results for the first quarter of 2025 on May 1st, 2025. That same day, Bombardier will hold its Annual General Meeting of Shareholders ('Meeting') in a virtual format. Financial results for the first quarter of 2025 Éric Martel, President and Chief Executive Officer, Bombardier, and Bart Demosky, Executive Vice President and Chief Financial Officer, Bombardier, will present the financial results for the first quarter 2025 in a live presentation, followed by a question-and-answer period with analysts. The presentation will take place on May 1st, 2025, at 8:00 a.m. ET. To listen in: Live webcast (recommended): A live webcast of the financial results presentation, along with the relevant financial charts, will be available on this webpage. By phone: The presentation can also be accessed by telephone. Phone lines will open 15 minutes in advance. Local dial-in number - Montréal (English and French): +1 438 792-9040 Local dial-in number - Toronto (English and French): +1 289 514-5015 (Conference ID English: 48553 | Conference ID French: 25743) Annual General Meeting of Shareholders On May 1st 2025, at 10:30 a.m. ET, Bombardier welcomes all shareholders who wish to participate in the online Meeting to do so by joining the live webcast, available on this page. Only registered shareholders and duly appointed proxyholders will be allowed to vote and ask questions during the live Meeting. Non-registered shareholders, guests and media will be able to watch online via the live webcast available at the same link. Instructions on how to vote and participate in the online Meeting, including submitting questions to management and to the Chair of the Board of Directors of Bombardier, will be available on the Corporation's website here and on the online Meeting platform. Bombardier encourages shareholders to vote and submit their proxies prior to the Meeting. The replay of the presentation of financial results and the Annual General Meeting of Shareholders will be posted on Bombardier's website shortly after the end of the webcast. About Bombardier At Bombardier ( we design, build, modify and maintain the world's best-performing aircraft for the world's most discerning people and businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs. For them, we are committed to pioneering the future of aviation—innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect. Because people who shape the world will always need the most productive and responsible ways to move through it. Bombardier customers operate a fleet of approximately 5,100 aircraft, supported by a vast network of Bombardier team members worldwide and 10 service facilities across six countries. Bombardier's performance-leading jets are proudly manufactured in aerostructure, assembly and completion facilities in Canada, the United States and Mexico. In 2024, Bombardier was honoured with the prestigious 'Red Dot: Best of the Best' award for Brands and Communication Design. For Information Media Contacts General media contact webform
