3/22/2023 0 Comments Bombardier stock forecast![]() We exceeded commitments across the board, be it on deliveries, our growing aftermarket business and profitability,” said Éric Martel, Bombardier’s President and Chief Executive Officer. “The 2022 results we are presenting today are a resoundingly positive culmination of a strong year, and a testament to the team’s effort to execute in the fourth quarter. The company also presented its 2023 guidance and announced that it will provide a further update on the execution toward its 2025 strategic objectives at a virtual Investor Day on March 23, 2023. 09, 2023 (GLOBE NEWSWIRE) - Bombardier (TSX: BBD.B) unveiled today its fourth quarter and full-year 2022 financial results, confirming an outstanding financial performance that exceeded guidance. dollars, unless otherwise indicated.Īmounts in tables are in millions except per share amounts, unless otherwise indicated. The company will provide a strategic progress update during its virtual Investor Day on March 23, 2023.Īll amounts in this press release are in U.S.Full year unit book-to-bill ( 6 ) reached 1.4. Year-over-year and a reflection of continued strong order intake and a steady demand profile. Backlog ( 5 ) reached $14.8 billion at year end, representing a $2.6 billion increase.Adjusted available liquidity ( 2) stands strong at $1.9 billion cash and cash equivalents were $1.3 billion as of December 31, 2022. Cash flows from operating activities for the full year were $1.1 billion and net additions to PP&E and intangible assets for the full year were $337 million. Strong free cash flow ( 2) generation of $735 million from continuing operations for 2022, representing an improvement of $635 million year-over-year, driven by earnings growth and strong order intake.Full year reported EBIT is at $538 million. Solid overall performance and fundamentals yield a positive adjusted EPS ( 3) (4) of $0.74 and diluted EPS ( 3 ) from continuing operations of $(1.67). ![]() 2022 adjusted EBITDA ( 2) rose 45% from last year to $930 million, driven by increased Global 7500 contribution, cost structure improvements, higher aftermarket contribution and a better aircraft mix.2022 reported revenues for the year of $6.9 billion, up 14% year-over-year, driven by higher deliveries, a favorable aircraft mix and aftermarket reaching a new full-year peak of $1.5 billion in revenues, up 22% year-over-year..2023 targets reflect third consecutive year of steady growth, with anticipated ( 1) >138 aircraft deliveries, >$7.6 billion in revenues, >$1,125 million in adjusted EBITDA (2), >$695 million in adjusted EBIT (2), and generating >$250 million in free cash flow (2).
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