Solid Second Quarter 2022 Financial Performanceīombardier’s order backlog rose by 37% year-over-year to $14.7 billion, with a unit book-to-bill (4) of 1.8 for the second quarter, indicating continued high demand and strong order intake. “Supply chain pressure is contributing to keeping our aircraft delivery ramp up at a conservative and steady pace, in line with our 2025 projections.” “Leading business indicators and market demand are still driving in a positive direction, giving us confidence that we can achieve our objectives,” added Martel. This advertisement has not loaded yet, but your article continues below. We have also strengthened our balance sheet to further enhance our resilience and predictability.” “Our performance on free cash flow (1) has demonstrated that we have set the right foundation to be cash positive and deliver on our commitments. “It’s been a fantastic second quarter for us – strong demand for business jets has carried through and our team has converted opportunities to grow our backlog significantly,” said Éric Martel, President and Chief Executive Officer. Bombardier raised its full-year guidance on free cash flow (1), now expected to be better than the previously communicated target, and reaffirmed guidance on aircraft deliveries, revenues and profitability metrics. 04, 2022 (GLOBE NEWSWIRE) - Bombardier (TSX: BBD.B) announced today strong financial results for the second quarter of 2022, marked by continued steady demand for new aircraft, strong aftermarket performance, robust free cash flow (1) generation, and one of the industry’s highest backlogs. The next issue of Financial Post Top Stories will soon be in your inbox. If you don't see it, please check your junk folder. ![]() Successful launch of the Global 8000 business jet at the European Business Aviation Convention and Exhibition (EBACE) 2022, setting new standards in speed, range, and comfort.Ī welcome email is on its way.Moody’s Investors Service upgraded Bombardier’s corporate family and senior unsecured notes rating to B3.Adjusted liquidity (1) stands strong at $1.8 billion with cash and cash equivalents of $1.4 billion. ![]() Balance sheet strengthening through progress on deleveraging with $373 million debt reduction during the second quarter of 2022 using cash on hand.Strong order intake resulted in second quarter unit book-to-bill (4) of 1.8 and 37% year-over-year increase in order backlog to $14.7 billion.Reported cash flow from operating activities for the second quarter was $422 million and net additions to PP&E and intangible assets were $81 million. Strong free cash flow (1) generation of $341 million from continuing operations for the second quarter of 2022, representing an improvement of $250 million year-over-year and tracking ahead of plan.Reported EBIT from continuing operations for the second quarter was $101 million. Adjusted EBITDA margin (3) rose 350 bps year-over-year to 12.9%. Adjusted EBITDA (1) for the second quarter rose to $201 million, a 41% year-over-year improvement driven by continued progress on strategic priorities.Revenues of $1.6 billion for the second quarter reflect 28 aircraft deliveries and a 22% year-over-year aftermarket revenue increase to $359 million. ![]()
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