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Globe and Mail
31-07-2025
- Business
- Globe and Mail
Bombardier's revenue dips while profits beat expectations
Business jet maker Bombardier's BBD-B-T reported second-quarter revenue on Thursday that was down slightly, though net income beat analysts' expectations, driven by higher airplane deliveries and orders, and strong demand for parts and repairs. The Canadian company burned through $164-million of free cash during the quarter, far above the roughly $41-million that analysts had expected. The cash burn, a figure closely watched by investors, was largely due to stocking inventory ahead of increased production in the second half of the year. Bombardier capped the second quarter with a $1.7-billion from an unidentified customer for 50 firm orders of its Challenger and Global aircraft, plus a service pact and options for 70 more, taking the value of its backlog to $16.6-billion. The plane maker delivered 36 business jets in the quarter, down from 39 in the year-earlier period. 'Demand for our products and services remains strong in traditional business jet markets and continues to garner new opportunities in defense markets,' CEO Eric Martel said in a statement. Canadian companies at risk as U.S. waters down anti-corruption efforts, experts say At the Paris Airshow in June, he added, 'Bombardier Defense deepened existing ties, forged new ones and secured strategic orders.' But the company continues to contend with the economic uncertainty of U.S. President Donald Trump's aggressive use of tariffs. In early July, Trump called for a 35% tariff on imports from Canada, set to begin from Friday. Much of Bombardier's supply chain and its aircraft are exempt from tariffs under the United States-Mexico-Canada Agreement (USMCA), but Trump has not made a final decision on the tariffs. The Montreal-based company posted quarterly revenue of $2 billion, down from $2.2 billion a year ago. On an adjusted basis, it earned $1.11 a share in the second quarter, versus $1.04 a year earlier, to beat analysts' average projection of $1.06.
Yahoo
31-07-2025
- Business
- Yahoo
Bombardier's quarterly revenue dips while profits rise
By Dan Catchpole and Aatreyee Dasgupta (Reuters) -Business jet maker Bombardier's reported second-quarter revenue on Thursday that was down slightly, though net income beat analysts' expectations, driven by higher airplane deliveries and orders, and strong demand for parts and repairs. The Canadian company burned through $164 million of free cash during the quarter, far above the roughly $41 million that analysts had expected. The cash burn, a figure closely watched by investors, was largely due to stocking inventory ahead of increased production in the second half of the year. Bombardier capped the second quarter with a $1.7-billion from an unidentified customer for 50 firm orders of its Challenger and Global aircraft, plus a service pact and options for 70 more, taking the value of its backlog to $16.6 billion. The planemaker delivered 36 business jets in the quarter, down from 39 in the year-earlier period. "Demand for our products and services remains strong in traditional business jet markets and continues to garner new opportunities in defense markets," CEO Eric Martel said in a statement. At the Paris Airshow in June, he added, "Bombardier Defense deepened existing ties, forged new ones and secured strategic orders." But the company continues to contend with the economic uncertainty of U.S. President Donald Trump's aggressive use of tariffs. In early July, Trump called for a 35% tariff on imports from Canada, set to begin from Friday. Much of Bombardier's supply chain and its aircraft are exempt from tariffs under the United States-Mexico-Canada Agreement (USMCA), but Trump has not made a final decision on the tariffs. The Montreal-based company posted quarterly revenue of $2 billion, down from $2.2 billion a year ago. On an adjusted basis, it earned $1.11 a share in the second quarter, versus $1.04 a year earlier, to beat analysts' average projection of $1.06.
Reuters
31-07-2025
- Business
- Reuters
Bombardier's quarterly revenue dips while profits rise
July 31 (Reuters) - Business jet maker Bombardier's ( opens new tab reported second-quarter revenue on Thursday that was down slightly, though net income beat analysts' expectations, driven by higher airplane deliveries and orders, and strong demand for parts and repairs. The Canadian company burned through $164 million of free cash during the quarter, far above the roughly $41 million that analysts had expected. The cash burn, a figure closely watched by investors, was largely due to stocking inventory ahead of increased production in the second half of the year. Bombardier capped the second quarter with a $1.7-billion from an unidentified customer for 50 firm orders of its Challenger and Global aircraft, plus a service pact and options for 70 more, taking the value of its backlog to $16.6 billion. The planemaker delivered 36 business jets in the quarter, down from 39 in the year-earlier period. "Demand for our products and services remains strong in traditional business jet markets and continues to garner new opportunities in defense markets," CEO Eric Martel said in a statement. At the Paris Airshow in June, he added, "Bombardier Defense deepened existing ties, forged new ones and secured strategic orders." But the company continues to contend with the economic uncertainty of U.S. President Donald Trump's aggressive use of tariffs. In early July, Trump called for a 35% tariff on imports from Canada, set to begin from Friday. Much of Bombardier's supply chain and its aircraft are exempt from tariffs under the United States-Mexico-Canada Agreement (USMCA), but Trump has not made a final decision on the tariffs. The Montreal-based company posted quarterly revenue of $2 billion, down from $2.2 billion a year ago. On an adjusted basis, it earned $1.11 a share in the second quarter, versus $1.04 a year earlier, to beat analysts' average projection of $1.06.
Associated Press
07-07-2025
- Business
- Associated Press
Bombardier Inaugurates the Innovation and Design Centre Dedicated to Creating the Future of Business Aircraft Customer Experience
MONTREAL, July 07, 2025 (GLOBE NEWSWIRE) -- Bombardier proudly announces the inauguration of the Bombardier Innovation and Design Centre, the new cornerstone of the company's customer-centric strategy. The Innovation and Design Centre's mission is to keep Bombardier's aircraft ahead of the curve by delivering continuous innovations and improvements to the entire portfolio. A multidisciplinary team entirely dedicated to this new space will work in the strictest confidentiality on innovations aimed at redefining the customer experience of business aircraft. Strategically co-located with Bombardier's manufacturing facilities in the greater Montreal, Québec, area, the Innovation and Design Centre will provide the space and means to drive customer-centric design and innovation projects independently of aircraft development programs or model variants. This approach will enable Bombardier to rapidly introduce cutting-edge innovations to the market, continuously elevating the experience for its customers around the world. 'In the business aviation sector, innovating is a question of competitiveness and has a tremendous impact on our overall performance in the market. Our customers expect the very best and we have maintained, throughout the years, a steadfast commitment on delivering nothing short of that,' said Éric Martel, President and Chief Executive Officer at Bombardier. 'Bombardier's history was built on a culture of innovation and a strong dedication to changing industry paradigms. With the Innovation and Design Centre, we double down on our long-standing commitment to our customers worldwide – to offer a cutting-edge experience, unmatched across the industry.' The Centre provides a dedicated space, highly specialized equipment, and allows close collaboration between multidisciplinary experts, enabling the experimentation, development, testing, and rapid iterations of new ideas. With tools such as full-scale mockups and prototypes, Bombardier teams will be able to create proofs of concept and rapidly iterate while ensuring that any new product will be robust, reliable in service and seamlessly integrated into our production lines. The Centre will allow Bombardier's industry-renowned teams to benefit from the resources and latitude put at their disposal. In the past, these teams have designed successful products such as the entirely new clean-sheet interior of the Global 7500 and the Challenger 3500 cabin design refresh. Both aircraft were recipients of the prestigious Red Dot Awards, one of the most sought-after international recognitions for design and innovation excellence, with its highest distinction ''Best of the Best'' for Challenger 3500. 'Stimulated by the combination of their expertise, our diverse teams – from industrial designers, engineers, craftsmen, upholsterers to prototypists – now have the means they need to turn their ideas into reality. In the greatest of secrecy and off-critical path, our teams will focus entirely on new product design and innovation. This purpose-built centre will foster the environment required to channel their talents more effectively, enabling Bombardier to set a new industry standard,' said Sean Johnson, Vice-President, Aircraft Innovation at Bombardier. 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 more than 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 Sustainability report, as well as the company's initiative 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 Victoria Drolet +1-514-443-7846 [email protected] Bombardier is a registered trademark of Bombardier Inc. or its subsidiaries.
Yahoo
23-06-2025
- Sport
- Yahoo
Germany U21s looking forward to 'ice baths and pizza' after grueling quarterfinal win over Italy
Germany U21s looking forward to 'ice baths and pizza' after grueling quarterfinal win over Italy The Germany U21s are through to the 2025 UEFA European Championship semi-finals after winning an absolutely insane game at the MOL Arena in Dunajska Streda on Sunday night. The Germans battled back from a 0-1 deficit against the Italian U21s to take a 2-1 lead deep into second half injury time. Antonio Di Salvo's DFB Juniors appeared destined to book their semi-final ticket easily, particularly after the Italians were reduced to ten and then nine men by two sending offs in the the final ten minutes of normal time. Shorthanded Italy nevertheless forced extra time with a set-piece equalizer at 90+6. Advertisement Despite having a double man advantage, the Germans weren't able to score a winner during either extra time interval. The match appeared destined for penalties until Freiburg's Merlin Röhl finally netted the 3-2 in the 117th. Eventually, the U21s did their head coach proud by defeating his heritage country. Speaking to German broadcaster Sat1 after the full-time whistle finally brought some relief, DFB squad captain Eric Martel did his utmost to present his usual calm front. Martel narrowly escaped being the man who cost his team their tournament dream. It was the Köln man who committed the foul that enabled Italy to equalize from the dead ball situation. Martel's midfield teammate Rocco Reitz was also-visibly exhausted after 120 minutes of action, particularly after making several long sprints towards the end. Di Salvo and Röhl also registered their thoughts. Advertisement 'It doesn't matter what happens to us, we can shake it all off,' Martel told Sat1. 'I'm dead tired while also being exuberantly happy.' Reitz described himself as 'at the end of his rope' after a 'crazy game'. Di Salvo spoke of 'hectic play [preceding the 2-2]' that forced the team to 'make life unnecessarily difficult for themselves.' Röhl admitted the team 'didn't do well [enough] two men up'. When it came time to discuss rejuvenation, Reitz made the famous German Per Mertesacker 'callback' referencing the German central defender's famous interview after Germany's grueling extra time victory over Algeria in the 2014 World Cup Round-of-16. German female footballing legend Alexandra Popp also referenced the famous 'Notorious BFG: Are you not entertained?' moment when speaking after a German quarterfinal extra time victory in the Olympics tournament last sumer. Advertisement Reitz's recipe called for Mertesacker's 'ice baths', with some extra references to the evening's opponent and the U21 head coach's cultural roots. 'Ice baths and pizza will help us get fit for [the French U21s in the semi-finals] on Wednesday,' the Borussia Mönchengladbach man promised. GGFN | Peter Weis
