Wednesday, May 31, 2017

Bombardier Inc - BBD-b.t

Bombardier Inc - BBD-b.t is a global transportation company with 80 production and engineering sites in 26 countries, and a worldwide network of service centers that operate two industry-leading businesses; Aerospace and Rail transportation.

Everywhere people travel by land and in the air, a Bombardier product is ready to transport them.

On August 5, 2016 the company released Numbers

Bombardier reported consolidated revenues of $4.3 billion in the quarter and $8.2 billion for the first six-month period, relative to $4.6 billion and $9.0 billion for the same periods last year, explained for the most part by the planned reduction in business aircraft revenues. EBIT before special items was $106 million and $236 million respectively for the quarter and year-to-date, as margin improvements at Business Aircraft and Transportation were offset by the production ramp-up effect of the C Series, as it entered into service.

Improved free cash flow usage for the first six months of the year and the completion of the equity investment by the Government of Québec (through Investissement Québec) have resulted in pro forma liquidity of $4.9 billion as at June 30, 2016. These results place Bombardier on track to meet its full year guidance of revenues between $16.5 billion and $17.5 billion, EBIT between $200 million and $400 million, and free cash flow usage between $1.0 billion and $1.3 billion.