Bombardier (BDRBF) (BDRAF)(BOMBF) reported second-quarter results that topped Wall Street expectations, as strong demand for private jets drove a sharp improvement in free cash flow and pushed the company’s order backlog to a record level.
The Canadian business jet maker To ensure this doesnât happen in the future, please enable Javascript and cookies in your browser
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. Entering text into the input field will update the search result below Entering text into the input field will update the search result below Quick Insights Bombardier’s adjusted earnings and free cash flow exceeded analyst expectations, with a $2.50 EPS versus $1.41 expected and $228M free cash flow versus $45M expected.
Strong demand for large-cabin business jets and increased customer deposits tied to new aircraft orders are driving Bombardier’s order backlog to a record level. Supply chain issues caused fewer business jet deliveries versus last year, though management expects improvement and delivery acceleration soon