Sunday, June 1, 2025

Latest

Bombardier Expects $1.3 Billion In Revenue For Q1 2021

Bombardier (TSX: BBD.B) shared today its preliminary financial results for Q1 2021. The company expects to earn $1.3 billion in business jet revenues, an 18% increase from Q1 2020.

The company also expects total business aircraft deliveries for the quarter to be 26 units and remains on track to deliver an expected 110-120 business aircrafts in 2021.

EBIT from continuing operations for the quarter is expected to be $19 million, while free cash flow from continuing operations is expected to be $405 million, of which $372 million is from operating activities. Liquidity meanwhile is expected to be $2.6 billion following an expected approximate $2.4 billion deleveraging year-to-date toward the balance sheet.

Bombardier President and CEO Eric Martel relayed that the preliminary financial results validate the actions Bombardier has taken to reposition the business. “The first quarter was a strong start to the year, with our cost reduction initiatives beginning to contribute to the bottom line, the continued progress of our Global 7500 learning curve, and robust demand supporting significant year-over-year margin expansion,” said Martel.

The company is expected to release its final Q1 2021 financial results on May 6, 2021.

Bombardier last traded at $9.49 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Wesdome Gold Q1 Earnings: Cash Flow Is King!

Solaris Resources: The Royal Gold Financing Package

How a Single Deal Turned 2 ‘Dead’ Mines into a $2B Project | Canadian Copper PEA – Simon Quick

Recommended

Brazil Potash Completes Site Prep For Port Terminal

Silver47 x Summa Silver: Creating An Explorer With A Billion Ounce Goal

Related News

Well Health, Bombardier To Be Added To S&P/TSX Composite Index

The latest changes for the S&P/TSX Composite Index, assembled by S&P Down Jones Indices, were...

Sunday, September 5, 2021, 12:09:00 PM

Market Movers: Bombardier Tumbles After Failing To Meet Revised Guidance

Bombardier Inc’s Class B Subordinate Shares (TSX: BBD.B) has been the largest marker mover by...

Thursday, January 16, 2020, 12:05:33 PM

Bombardier Hits $2.1 Billion Revenue in Q3 2024, Cash Flow In Free Fall

Bombardier Inc. (TSX: BBD.B) reported a 12% increase in third-quarter 2024 revenue, reaching $2.1 billion,...

Thursday, November 7, 2024, 08:37:18 AM

Bombardier To Implement 25 To 1 Share Consolidation

It appears that Bombardier Corp (TSX: BBD.B) is headed for a share consolidation. The company...

Monday, May 9, 2022, 10:24:00 AM

Bombardier: TD, Veritas Raise Price Target, BMO Cuts

Last week, Bombardier (TSX: BBD.b) reported second quarter 2020 financials, reporting $2.7 billion in revenues...

Monday, August 10, 2020, 02:12:00 PM