Bombardier Q2-2022 Financial Results
Bombardier recently announced its financial results for Q2-2022 (April 1 – June 30, 2022).
Several Highlights (in USD)
• Raised 2022 full-year guidance on free cash flow, now expected to be greater than $515 million for the year vs greater than $50 million, based on stronger working capital performance and increased interest cost savings from accelerated deleveraging; reaffirmed guidance on aircraft deliveries, revenues and profitability metrics.
• 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.
• Adjusted EBITDA for the second quarter rose to $201 million, a 41% year-over-year improvement driven by continued progress on strategic priorities. Adjusted EBITDA margin rose 350 bps year-over-year to 12.9%. Reported EBIT from continuing operations for the second quarter was $101 million.
• Strong order intake resulted in second quarter unit book-to-bill of 1.8 and 37% year over-year increase in order backlog to $14.7 billion.
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