|Bid||2.50 x 0|
|Ask||2.52 x 0|
|Day's Range||2.4800 - 2.7700|
|52 Week Range||1.5850 - 5.5800|
|Beta (3Y Monthly)||1.89|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.36|
Bombardier Inc. turned a profit in 2018 for the first time in five years as its business jet unit delivered, catapulting its share price despite several train project derailments and weak transportation results. The business jet division saw its earnings margin before interest and taxes spike to 8.6 per cent from eight per cent, maximizing its one per cent nudge in revenue to US$4.99 billion. Chief executive Alain Bellemare said Thursday the overall improvement comes as the company is nearing the end of its five-year turnaround plan that saw it add new business jets, sell two commercial aircraft programs and streamline costs by reducing the number of employees.
Free cash flow reached $1.04 billion in the fourth quarter, Bombardier said in a statement Thursday. The maker of planes and trains also stood by its financial targets for this year, which include sales of at least $18 billion and break-even free cash flow, plus or minus $250 million. Bombardier’s report stands to boost Chief Executive Officer Alain Bellemare in his effort to regain investor confidence as the company enters the fourth year of a five-year turnaround plan.
Canada's Bombardier Inc topped analysts' forecasts for quarterly earnings on Thursday, helped by its business jet unit, which benefited from demand for aftermarket services and higher-priced, large-cabin corporate planes, sending shares up 9.8 percent in early trading. The company is counting on its recently-launched Global 7500 business jet, which is sold-out through 2021, to help lift annual revenue by 10 percent this year and to over $20 billion by 2020. Bombardier replaced the head of its Berlin-based transportation unit earlier this month.
EBIT before special items(1) up 42% year-over-year to more than $1.0B on revenues of $16.2B for the year; EBIT increased 235% year-over-year to $1.0 billion2018 EBIT margin.
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (15,642.10, up 73.25). Aurora Cannabis Inc. (TSX:ACB). Health care. Down three cents, or 0.32 per cent, to $9.47 on 26.8 million shares.Encana Corp. (TSX:ECA). Energy. Down six cents, or 0.74 per cent, to $8.06 on 11 million shares.Aphria Inc. (TSX:APHA). Health care. Up 88 cents, or 7.91 per cent, to $12 on 9.9 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Up two cents, or one per cent, to $2.02 on 8.8 million shares.Enbridge Inc. (TSX:ENB). Energy. Down $1.06, or 2.19 per cent, to $47.24 on 8.7 million shares.Manulife Financial Corp. (TSX:MFC). Up 36 cents, or 1.73 per cent, to $21.15 on 4.8 million shares. Companies reporting:Shopify Inc. (TSX:SHOP). Up $2.54 or 1.1 per cent to $232.37. Shopify's loss narrowed in the fourth quarter as it began powering provincial and private marijuana e-commerce offerings and continued its push to grow its merchant base. The e-commerce software company reported Tuesday a fourth-quarter loss of US$1.5 million compared with a loss of US$3 million in the same quarter a year earlier. The quarter was the first to include the legal sale of recreational cannabis in Canada. Molson Coors Brewing Co. (TSX:TPX.B). Down $5.10 or 5.8 per cent to $82.90. Molson Coors plans to continue focusing on offering more premium and innovative drinks, including a soon-to-be launched line of cannabis-infused beverages, as it grapples with declining beer demand in North America. The company must accelerate premiumization of its portfolio and innovation agenda, CEO Mark Hunter said during a conference call with analysts Tuesday. Some of the company's innovation efforts, including cannabis-infused beverages. The company also restated its financial results for 2016 and 2017 due to income tax accounting errors.DHX Media Ltd. (TSX:DHX). Down 33 cents or 13.25 per cent to $2.16. DHX Media reported a $17.9-million loss attributable to its shareholders for its second quarter, as a change in foreign exchange rates affected the carrying value of its debt and revenue fell. The loss amounted to 13 cents per share for the three months ended Dec. 31, which compared with a year-earlier profit of $7.4 million or six cents per share. Revenue fell four per cent to $117.0 million from $121.9 million in last year's comparable quarter. The Canadian Press
Baytex Energy Corp. (TSX:BTE)(NYSE:BTE) and Bombardier, Inc. (TSX:BBD.B) are trading near their 12-month lows. Is one oversold today?
BERLIN — Swiss Federal Railways and Bombardier Inc. say that new train deliveries may not resume for some time, apologizing to passengers as the vehicles fail to live up to expectations.Following a joint presentation to Swiss parliament, executives said in a statement that "it will still be a while before the train can satisfy all aspects" of Switzerland’s customer standards.Swiss Railways halted deliveries of the intercity, double-deck trains on Jan. 22, citing doors that don't close properly as well as motor and software problems.So far, the railway has received 12 of the 62 vehicles slated for delivery under a US$1.9-billion contract.A spokesman for Bombardier's transportation division, based in Berlin, says it could incur financial penalties from the delays.Swiss Railways was one of three public transit customers that opted to stop taking trains from Bombardier last month until it fixes the ones already in service. Companies in this story: (TSX:BBD.B)The Canadian Press
Stocks like Bombardier, Inc. (TSX:BBD.B) and Linamar Corporation (TSX:LNR) have been pummeled as economic anxiety weights on investors.
Swiss Federal Railways (SBB) said on Monday that new Bombardier trains have yet to live up to expectations and that both companies were working to correct issues, including improving software and fixing problematic doors. "It's a painful forceps delivery," SBB Chief Executive Andreas Meyer told a news conference in Bern, the Blick newspaper reported. Swiss Federal Railways awarded Bombardier a 59-train contract in 2010 but the first deliveries were made only in 2018.
Heroux-Devtek Inc. (TSX:HRX) is seeing strong revenue growth accompanied by even stronger EBITDA growth as margins improve. This, coupled with an attractive valuation, makes Heroux a top value stock.
MONTREAL — Bombardier Inc. announced a leadership shakeup Thursday, naming a new head of the company's troubled train unit after his predecessor resigned.Danny Di Perna, 53, has replaced Laurent Troger, 55, who took on the role in December 2015 after 11 years with the company, Bombardier said.Di Perna, who will report directly to chief executive Alain Bellemare, joined Bombardier in November to lead its aerostructures and engineering segment after leaving GE Power, where he was vice-president of global sourcing.Troger, whose total compensation was US$5.15 million in 2017, opted to leave Bombardier, according to spokesman Eric Prudhomme.The abrupt announcement comes as the Montreal-based company enters the final two years of a five-year turnaround after the plane-and-train maker sold a majority share of its C Series commercial aircraft program to Europe's Airbus in July, turning its focus to higher-yielding business jets as demand for the jetliners gains elevation.Analyst Cameron Doerksen of National Bank Financial said he was "surprised" by the executive shakeup, given that Di Perna signed on with the company a few months ago. But the change "does not reflect financial challenges," he added in an investor note, as Troger oversaw an expected bump in the margin of earnings before interest and taxes to 8.5 per cent in 2018 from 5.6 per cent 2015.Over the past decade, delays and repair problems have plagued Bombardier train contracts including Toronto's streetcar and light-rail train orders.Last Friday, Metrolinx announced it would impose financial penalties on Bombardier after the Montreal-based company delivered only half of a promised six vehicles for Toronto's Eglinton Crosstown LRT by the Friday deadline. Difficulties have hampered the $392-million vehicle order tied to the midtown line now under construction along and underneath Eglinton Avenue, with legal battles leading to a reduced order for 76 cars in 2017, down from a planned 182 cars in 2010.Last month, three international public transit agencies opted to stop taking trains from the company until it fixes the ones already in service.Swiss Federal Railways cited doors that don’t close properly, putting the brakes on deliveries under its US$1.9-billion contract for 62 trains.The head of the New York City Transit Authority, Andy Byford – former CEO of the Toronto Transit Commission – halted subway car deliveries more than two weeks ago, citing HVAC software system defects and claiming “deja vu” over issues with Bombardier trains.“It’s gruelling. You have to stay on their case, you have to hold their hands, you have to cajole them,” Byford said at a Metropolitan Transportation Authority committee meeting on Jan. 21, citing past problems with springs between the cars and doors that were “weeping oil.”Deliveries to New York resumed last week.“We understand the frustration and we own the issue,” said Bombardier's Prudhomme said in an email last month. “It’s not unusual in the industry to have some issues, particularly in the early stages of passenger service.”On Jan. 31, the French National Railway Company announced it would stop train car deliveries, pointing to an “unacceptable situation of non-quality” with some of the 32 trains it had received, adding that 42 were supposed to have arrived by the start of the year.Bombardier Transportation remains the company's highest-revenue segment, raking in more than half of the company's US$16.2 billion in revenues in 2017.Its new president has more than 30 years of industry experience, the company said. Born in Montreal, Di Perna is the first Canadian to head Bombardier Transportation since Pierre Lortie left the company in 2003, said Prudhomme."Danny is an exceptional and engaging leader with a proven record of leading complex industrial organizations,” said Alain Bellemare in a statement Thursday thanking Troger for his contributions to the company.Troger, during his three years conducting the train segment, "significantly grew its backlog, optimized its footprint and executed an aggressive production ramp-up," the CEO said.Paul Sislian succeeds Di Perna as the new head of aerostructures and engineering services after leading the business aircraft team, overseeing Bombardier's push toward higher-yielding business jets.Nancy Barber takes over at Sislian's old post after 20 years with the company, most recently as a vice-president managing the Global 7500 jetliner and new aircraft studies. Companies in this story: (TSX:BBD.B)Christopher Reynolds, The Canadian Press
Bombardier is proud to announce that the industry flagship business jet, the Global 7500 aircraft, has received European Aviation Safety Agency (EASA) certification, validating the requirement for the aircraft’s operation in Europe. “We’ve transformed business aviation with the Global 7500 jet,” said Michel Ouellette, Senior Vice President, Program Management and Engineering, Bombardier Business Aircraft.
MONTRÉAL, Feb. 07, 2019 (GLOBE NEWSWIRE) -- Bombardier today announced the following changes to its senior leadership team. Effective immediately, Danny Di Perna is appointed President, Bombardier Transportation. Danny will replace Laurent Troger who has informed the company of his intention to resign and pursue opportunities outside the company.
Diamond certification granted to top suppliers who demonstrate outstanding operational performance and competitiveness MONTREAL, Feb. 07, 2019 -- Bombardier (TSX:BBD.B).
MONTREAL, Feb. 06, 2019 -- Bombardier (TSX: BBD.B) today confirmed the completion of the previously announced acquisition of the Global 7500 wing program from Triumph Group.
Bombardier Inc. can rest a little easier after European antitrust authorities blocked a plan by manufacturing giants Siemens and Alstom to merge their rail operations, analysts say. The European Commission announced its decision Wednesday to bar Siemens of Germany from acquiring the French Alstom's train-making business, arguing it could reduce competition in the signalling and high-speed train markets. The scuppered merger would have given the combined company a "dominant position" in Europe and left Bombardier's passenger rail operations a "distant third" globally, said analyst Cameron Doerksen of National Bank Financial.
MONTREAL, Feb. 06, 2019 -- Bombardier (TSX: BBD.B) will publish its financial results for the fourth quarter and full year 2018 on Thursday, February 14, 2019, and will hold a.
MONTRÉAL, Feb. 06, 2019 (GLOBE NEWSWIRE) -- Bombardier Commercial Aircraft announced today that a subsidiary of Chorus Aviation Inc. (“Chorus Aviation”) has finalized a firm purchase agreement for nine CRJ900 aircraft.
French rail manufacturer Alstom said it regretted the European Union's decision to block its planned deal with Siemens and added it would focus on its own strategy to grow. "This is a clear set-back for industry in Europe. Alstom, together with Siemens, is convinced that the transaction would have created substantial value for the global mobility sector, the European railway industry, customers, travelers and commuters, without harming European competition," it said.
MONTRÉAL, Feb. 06, 2019 (GLOBE NEWSWIRE) -- Bombardier Commercial Aircraft is pleased to officially launch the new CRJ550 aircraft, the first triple-class 50-seat aircraft in the world designed to meet the expectations of today’s passengers. The CRJ550 is a new CRJ Series aircraft model, with a new type certificate based on the CRJ700. United Airlines is the launch customer of this new model.
BRUSSELS/ZURICH, Feb 6 (Reuters) - Siemens and Alstom's plan to create a European rail champion collapsed on Wednesday after EU regulators blocked the deal, prompting Germany and France to call for an overhaul of EU competition policy to better meet global challenges. The European Commission also rejected a bid by German copper company Wieland-Werke AG to buy a business unit from Aurubis, Europe's biggest copper smelter, similarly arguing the deal could have pushed up prices for consumers.
United Airlines said on Wednesday it was adding 1,600 premium seats to nearly 250 international and domestic aircraft, including the introduction of a first-class cabin on 50 Bombardier Inc regional jets. The move is part of a push by large U.S. airlines to attract more lucrative premium travelers. Rivals Delta Air Lines Inc and American Airlines Group Inc have also added premium seats, which can fetch at least twice the coach fare.
Perennially missing delivery dates has caused transit companies around the world to reconsider using Bombardier, Inc. (TSX:BBD.) for new contracts. What does this mean for investors?