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The Market Online
8 hours ago
- 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
