Canada · Delayed Price · Currency is CAD Bombardier Earnings Call Transcripts
Fiscal Year 2025
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Surpassed all 2025 financial targets with double-digit revenue and EBITDA growth, record free cash flow, and a robust backlog. 2026 guidance calls for continued revenue and margin expansion, with strong performance in services and defense segments.
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Q3 saw double-digit growth in deliveries, revenue, and profitability, with a record backlog and strong free cash flow. The business jet and defense segments are expanding, supply chain normalization is underway, and full-year guidance is reaffirmed.
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Q2 saw a major 50-aircraft order, strong services growth, and robust defense activity, driving backlog to $16.1B. Guidance for 2025 is reaffirmed, with H2 expected to deliver higher revenues, margins, and the first Global 8000 deliveries.
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Q1 2025 saw 19% revenue and 21% adjusted EBITDA growth, with strong aircraft deliveries and services. Guidance for 2025 includes over 150 deliveries, revenue above $9.25B, and $500–$800M free cash flow, with robust defense and services momentum.
Fiscal Year 2024
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2024 saw robust revenue and margin growth, record service revenues, and a strengthened balance sheet, with management highlighting strong demand and a healthy backlog. Tariff uncertainty led to withholding 2025 guidance, but contingency plans are in place and the company remains confident in its resilience.
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Q3 saw record service revenues and 12% year-over-year growth, with strong aftermarket and manufacturing performance. Supply chain challenges persist, but guidance for 2024 is reaffirmed, and free cash flow is expected to accelerate in Q4.
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Q2 2024 delivered over 30% year-over-year growth in revenue and deliveries, with services revenue surpassing $500 million and strong profitability. Backlog remains robust at $14.9 billion, and the company is on track to meet full-year guidance, supported by solid market demand and improved credit ratings.