05:19:12 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Bombardier Inc (2)
Symbol BBD
Shares Issued 86,737,000
Close 2023-08-03 C$ 61.79
Market Cap C$ 5,359,479,230
Recent Sedar Documents

FP/CP say Bombardier boosts Q2 revenue despite hurdles

2023-08-04 08:28 ET - In the News

The Financial Post reports in its Friday, Aug. 4, edition that Bombardier chief executive officer Eric Martel says despite supply chain snarls, the company boosted its second quarter revenue amid ongoing demand for business jets as deliveries and aftermarket services ramped up. A Canadian Press dispatch to the Post reports that Mr. Martel said in a statement Thursday, "Our team successfully navigated a highly dynamic business environment that saw sustained demand for new and pre-owned jets, as well as steady service growth, all while supply chain pressure persisted." In the quarter ended June 30, Bombardier boosted revenue by 8 per cent year-over-year on the back of 29 jet deliveries and a big leap in income from repairs and parts replacement for some of the 5,000-odd Bombardier planes that ply the skies globally. Mr. Martel said the number of shipments allowed Bombardier to maintain a "line of sight" toward reaching its 2023 forecast of at least 138 jet deliveries by the end of the year. He added that no orders have been cancelled. Nonetheless, it turned up a net loss of $35-million, due in part to "professional fees" related to the sale of Bombardier's rail business in January, 2021, the company stated.

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