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.

Please click here for the full report.