Q1 2026 Bombardier Inc Earnings Call Transcript
Key Points
- Bombardier Inc (BDRAF) reported unprecedented positive free cash flow for the first quarter, marking the strongest first-quarter free cash flow in nearly two decades.
- Revenue increased by 5% year over year to approximately $1.6 billion, driven by a 25% year-over-year growth in Services.
- The company achieved a unit book-to-bill ratio of 3.6 in Q1, supported by strong orders across all platforms, indicating robust demand.
- Bombardier Inc (BDRAF) reduced its net leverage to approximately 1.8 times and repaid $750 million of debt in the quarter, with an additional CAD150 million announced for repayment.
- The backlog reached $20.3 billion at quarter-end, increasing by $2.8 billion versus the end of 2025, providing strong visibility for future financial performance.
- A supplier snag temporarily slowed operations, causing some deliveries to miss the quarter, although the issue has been resolved.
- Adjusted EBITDA margin was 15.4%, down about 90 basis points year over year, reflecting the impact from delivery timing and mix.
- Aircraft manufacturing and other revenues were down $47 million year over year, despite an increase in total deliveries.
- The geopolitical environment remains dynamic, posing potential risks to operations and demand.
- Despite improvements, supply chain challenges persist, which could impact production capacity and delivery schedules.
Good morning, ladies and gentlemen, and welcome to the Bombardier first-quarter 2026 earnings conference call. Please be advised that this call is being recorded.
At this time, I would like to turn the discussion over to Mr. Francis Richer de La Fleche, Vice President, FP&A and Investor Relations for Bombardier. Please go ahead, Mr. Richer de La Fleche.
Good morning, everyone, and welcome to Bombardier's earnings call (technical difficulty) of 2026.
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. With me today is
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