Q3 2024 Bombardier Inc Earnings Call Transcript
Key Points
- Bombardier Inc (BDRAF) reported a record $528 million in service revenue for the quarter, marking a 28% year-over-year growth.
- The company achieved a book-to-bill ratio of 1, indicating balanced order activity and deliveries.
- Bombardier Inc (BDRAF) has been recognized as part of the TSX30 list for the second consecutive year, highlighting its strong performance.
- The Global 8000 aircraft is set to be the fastest civilian aircraft since the Concorde, with production already underway.
- The company ended the quarter with $1.2 billion in liquidity, excluding a $150 million increase in its secured revolving credit facility.
- Bombardier Inc (BDRAF) continues to face supply chain challenges, particularly with engines and APUs, impacting delivery schedules.
- The adjusted EBITDA margin decreased slightly to 14.8% from 15.4% in the same quarter last year, partly due to supply chain disruptions and cost inflation.
- There were nonrecurring costs in the quarter, including expenses linked to share-based compensation programs due to a strong stock price increase.
- Free cash flow usage in the quarter was $127 million, driven by investments in inventory and capital expenditures.
- The company is still working through geopolitical tensions and supply chain issues, which could pose risks to future operations.
Good morning, ladies and gentlemen, and welcome to the Bombardier third-quarter 2024 earnings conference call. Please be advised that this call is being recorded. At this time, I would like to turn the conference over to Mr. Francis Richer de La Fleche, Vice President, FP&A and Investor Relations for Bombardier. Please go ahead, sir.
Good morning, everyone, and welcome to Bombardier's earnings call for the third quarter ended September 30, 2024. 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 our President and Chief
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
