Bombardier Inc. Stock News

Bombardier <> bounces higher following two analyst upgrades after the planemaker''s investor day event on Thursday showed progress in meeting its 2025 goals.CEOEric Martel said…

About five per cent or six per cent of deliveries traditionally come from customers in the region

Bombardier said it will establish a ''recurring, incremental capital allocation envelope of up to US$600 million per year'' to put toward strategic projects or debt reduction.

MONTREAL — Bombardier Inc. is looking to increase capital spending to beef up output as demand grows and its biggest rival seeks to ramp up deliveries. Ahead of an investor day this morning, the business jet maker said it will establish a “recurring, incremental capital allocation envelope of up to US$600 million per year” to […]

Bombardier''s chief executive officer said the company is monitoring developments in Russia and will not pursue any business with people or companies that receive sanctions following the country''s attack on Ukraine.

This article was originally published on TipRanks.com Bombardier (TSE: BBD. The post Bombardier Q4 Revenue Falls 24% appeared first on Smarter Analyst .

(Reuters) -Bombardier Inc raised its full-year estimates for revenue and aircraft deliveries on Thursday, helped by higher business jet traffic and demand for planes after the pandemic sapped orders last year. The planemaker also said it would use less free cash in 2021 than previously expected, after beating analysts'' estimates for quarterly revenues on higher deliveries and demand for aftermarket services. According to FlightAware data, business jet flights were up 23% in the week-beginning July 21 over 2019 levels in the United States, the world''s largest market for corporate aviation. Rivals Textron and General Dynamics Corp''s Gulfstream Aerospace are raising production to meet higher demand. Free cash flow usage for 2021, a metric closely watched by investors, is now expected to be better than $300 million, compared with $500 million. Bombardier is forecasting 120 business jet deliveries in 2021, up from 110. Full-year revenue is expected to exceed $5.8 billion, up from more than $5.6 billion.

In its outlook for 2022, Bombardier says it expects revenue to increase compared with 2021 to more than US$6.5 billion.

Private jet manufacturer is positioning its factories to boost output by another 15 to 20 per cent as soon as 2023

Bombardier press release (BDRBF): FY Non-GAAP EPS of -$0.15 beats by $0.07.Revenue of $6.09B (-6.2% Y/Y) misses by $10M.2022 Outlook expected to outperform 2021 and is on track to

(Reuters) Canadian business jet maker Bombardier Inc reported an adjusted quarterly profit on Thursday, helped by higher aircraft margins and cost reduction efforts. Bombardiers business jet revenue decreased 24% to $1.87 billion on fewer deliveries of aircraft.

https://www.investing.com/news/stock-market-news/bombardier-reports-q4-adjusted-profit-on-higher-aircraft-margins-2761244