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Bombardier Inc.B (BDRBF)

- OTCQX
  • Thu, Jul. 30, 2:46 PM
    • Bombardier (OTCQX:BDRBF -9.8%) reports Q2 earnings that beat analyst estimates and saying the CSeries commercial plane should be ready to enter into service next year, but says its Global 7000 business jet will be delayed until H2 2018 due to development challenges.
    • "The feedback [from customers] is pretty unanimous: They understand, but they’re disappointed because they want the plane now,” CEO Alain Bellemare said during today's earnings conference call.
    • The company had previously promised a 2016 debut for the Global 7000, with the 8000 following in 2017.
    • The CEO also says the production rate for the Global 5000 and Global 6000 aircraft has been reduced from previous targets of 80 planes a year to 50-60, will have an as-yet unknown impact on cash flow this year and EBIT next year.
    • Q2 EPS was $0.06, beating the $0.05 analyst consensus estimate, while revenues rose 2% Y/Y excluding foreign exchange to US$4.6B, in-line with the US$4.61B consensus.
    | 1 Comment
  • Thu, Feb. 12, 8:00 AM
    • Adjusted net income of $83M, or $0.04 per share vs. $129M, or $0.07 for the same period last fiscal year.
    • Revenue by segment: Aerospace +15.8%; Transportation +13.3%.
    • A total of 101 aircraft were delivered during the quarter vs. 83 for the same period last year. The company received 67 net orders vs. 252, and delivered 290 aircraft vs. 238 a year ago.
    • New Transportation orders reached $1.8B (book-to-bill ratio of 0.7), bringing total orders for the year to $12.6B (book-to-bill ratio of 1.3). Backlog of $32.5 as at December 31, 2014 vs. $32.4B a year ago.
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  • Thu, Jan. 15, 8:12 AM
    • Bombardier (OTCPK:BDRAF, OTCQX:BDRBF) has decided to pause its Learjet 85 program due to weak market demand, and will record a pre-tax special charge of approximately $1.4B in Q4 related to the impairment of Learjet 85 development costs.
    • Updating its guidance for 2014, the company expects cash flow from operating activities at its Aerospace division to be approximately $800M compared with a previous guidance of $1.2B-$1.6B, while net additions PP&E and intangible assets are expected to be approximately $1.8B vs. $1.6B-$1.9B.
    • Bombardier is also reducing its workforce by approximately 1K employees, and will record a severance provision of approximately $25M as a special item during the first quarter of 2015.
    | 2 Comments
  • Oct. 30, 2014, 7:45 AM
    • Adjusted net income of $222M, or $0.12 per share vs. $165M, or $0.09 for the same period last fiscal year.
    • Revenue by segment: Aerospace +29%; Transportation +12%.
    • A total of 71 aircraft were delivered during the quarter vs. 45 for the same period last fiscal year. The company received 76 net orders vs. 26 for the same period last fiscal year.
    • Backlog of $72.4B as at September 30, 2014 vs. $69.7B as at December 31, 2013
    | 1 Comment
  • Oct. 23, 2014, 10:35 AM
    • Bombardier (OTCQX:BDRBF +0.6%), (OTC:BOMBF) will report Q3 results on Oct. 30. The conference call is scheduled to begin at 8:00 a.m. EDT.
    • Consensus view is EPS of $0.09.
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Company Description
Bombardier is a world-leading manufacturer of innovative transportation solutions, from commercial aircraft and business jets to rail transportation equipment, systems and services.