Bombardier Records US$6.09 Billion In Revenue In 2021

Bombardier (TSX: BBD.B) shared today its Q4 and full-year financial results for 2021. The company earned US$6.09 billion in revenue, a drop from 2020’s US$6.49 billion.

“[The] 2021 results are proof that our plan gave us both the structure and the agility to manage any outside obstacles and capitalize on a faster-than-expected industry recovery,” said CEO Eric Martel.

Gross margin for the year came in at 15.18% compared to last year’s 7.95%. The firm also ended with a net loss from continuing operations at US$249 million. However, with a US$5.32 billion net income from discontinued operations, the firm ended the year with US$5.07 billion in total net income. This compares to a net loss of US$568 million last year.

Adjusted EBITDA for the year ended at US$640 million, up from US$200 million from the previous year.

The company also recorded cash outflows for the year: US$289 million from operating activities (US$332 million inflow from continuing operations and US$621 outflow from discontinued operations) and US$521 million free cash flow (US$100 million inflow from continuing operations and US$621 outflow from discontinued operations).

For Q4, the firm generated US$1.77 billion in revenue, up from Q3 2021’s US$1.45 billion but down from Q4 2020’s US$2.34 billion. But the quarter ended with US$238 million in net income, up from net losses of US$377 million and US$337 million in Q3 2021 and Q4 2020, respectively. The quarterly income also translates to US$0.09 per diluted share.

At the end of the quarter, adjusted EBITDA came in at US$232 million compared to US$142 million in the previous quarter and a loss of US$1 million in the year-ago period.

The company ended the year with US$1.68 billion in cash and cash equivalents and adjusted liquidity of US$2.1 billion.

For 2022, the firm expects revenue to be greater than US$6.5 billion, banking on its aircraft delivery mix and a “sold-out” 2022 production. Adjusted EBITDA is estimated to be higher than US$825 million while free cash flow is expected to generate an inflow of greater than US$50 million.

Bombardier last traded at $14.69 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.

Video Articles

Premier American Uranium: The Roll Up Strategy Targets Nuclear Fuels

Santacruz Silver Q1 Earnings: Steady As She Goes

Silver Set to Hit 70:1 Against Gold This Year? | David Morgan

Recommended

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Emerita Resources Formally Appeals Administrative Ruling On Aznalcóllar Related To 2017 Complaint 

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

Hexo, Bombardier Among Issuers Dropped by S&P/TSX Composite Index

My how the might have fallen. The S&P Dow Jones Indices this evening announced the...

Friday, June 12, 2020, 06:25:50 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 Cut 2,500 Aviation Jobs Permanently

Bombardier Inc (TSX: BBD.A, BBD.B) announced this morning that it will be laying off approximately...

Friday, June 5, 2020, 09:20:38 AM

Bombardier Prices $1.2 Billion Worth Of Senior Notes

Bombardier Inc. (TSX: BBD.B) announced this morning the pricing of its recently upsized US$1.2 billion...

Friday, June 4, 2021, 09:54:00 AM