Q4 2025 Bombardier Inc Earnings Call Transcript

Feb 12, 2026 / 01:00PM GMT

Release Date Price: C$258.09

Transcript

Key Points

Positve

Bombardier Inc (BDRAF) successfully completed its turnaround plan, achieving ambitious financial objectives set in 2021.
The company reported a significant increase in free cash flow, reaching over $900 million, surpassing initial targets.
Bombardier Inc (BDRAF) achieved a net leverage ratio of 1.9, better than the targeted range of 2 to 2.5.
The Global 8000 entered service, setting new benchmarks in speed and cabin altitude, with approvals from major aviation authorities.
The company reported record defense sales and expanded its role as a trusted partner to governments worldwide.

Negative

Bombardier Inc (BDRAF) continues to face challenges with supply chain disruptions, particularly with one engine OEM.
Despite improvements, the company anticipates further supply chain challenges in the immediate future.
The company has a wide range for its 2026 free cash flow guidance, indicating potential variability due to working capital factors.
There is no immediate plan to return cash to shareholders through dividends or share buybacks, as the focus remains on deleveraging.
The delivery profile remains skewed towards the fourth quarter, which may lead to working capital swings.

Operator

Good morning, ladies and gentlemen, and welcome to the Bombardier fourth quarter and full year 2025 earnings conference call. Please be advised that this call is being recorded. At this time, I'd like to turn the discussion over to Mr. Francis de La Fleche, Vice President, FP&A and Investor Relations for Bombardier. Please go ahead, Mr. Francis de La Fleche.

Francis De La Fleche

Bombardier Inc - Vice President, Financial Planning & Investor Relations

Good morning, everyone, and welcome to Bombardier's earnings call for the fourth quarter and full year 2025. I wish to remind you that during the course of this call, we may make projections or other forward-looking statements regarding future events or the financial performance of the corporation. There are risks that actual events or results may differ materially from these statements. For additional information on forward-looking statements and underlying assumptions, please refer to the MD&A. I'm making this cautionary statement on behalf of each speaker on this call.

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