BBD-B.TO - Bombardier Inc.

Toronto - Toronto Delayed Price. Currency in CAD
2.0600
+0.0300 (+1.48%)
At close: 4:00PM EST
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Previous Close2.0300
Open2.0300
Bid2.0500 x 0
Ask2.0600 x 0
Day's Range2.0200 - 2.0600
52 Week Range1.5300 - 3.0300
Volume2,471,617
Avg. Volume5,343,111
Market Cap4.899B
Beta (3Y Monthly)1.74
PE Ratio (TTM)N/A
EPS (TTM)-0.0050
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2014-12-10
1y Target Est2.18
  • Reuters

    Canada's De Havilland inks order for 20 turboprops; bets on Middle East, Africa

    De Havilland signed a letter of intent with Dubai-based Palma during the Dubai Airshow, which runs between Nov. 17-21. If finalized, the deal would be a record single-order for the turboprop from a lessor, De Havilland vice president sales & marketing Philippe Poutissou told Reuters.

  • GlobeNewswire

    Michael Ott Named 2019 Recipient of Prestigious Bombardier Safety Standdown Award

    Michael Ott has been named the 2019 winner of the prestigious Bombardier Safety Standdown Award, as selected by the Safety Standdown Advisory Council members. Captain Ott, who is Director of Government Contracting as well as lead international captain/instructor pilot for worldwide air ambulance provider Phoenix Air Group, Inc., accepted the award at the 23rd annual Bombardier Safety Standdown on November 13, 2019, during a gala awards dinner.

  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,957.99, up 48.61 points.)Enbridge Inc. (TSX:ENB). Energy. Up 70 cents, or 1.38 per cent, to $51.37 on 8.8 million shares.Encana Corp. (TSX:ECA). Energy. Down 11 cents, or 1.84 per cent, to $5.86 on 5.2 million shares.Bombardier Inc. (TSX:BBD.B). Industrials, Up five cents, or 2.58 per cent, to $1.99 on 4.8 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Down two cents, or 0.42 per cent, to $4.69 on 3.5 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Down 12 cents, or 0.45 per cent, to $26.26 on 6.5 million shares.Kinross Gold Corp. (TSX:K). Materials. Down three cents, or 0.53 per cent, to $5.65 on 3.7 million shares. Companies in the news:Canada Goose Holdings Inc. (TSX:GOOS). Down $5.65 or 10.9 per cent to $46.13. Shares of Canada Goose Holdings Inc. sank even though it beat expectations as revenue grew more than 25 per cent in its most recent quarter partly as a result of a jump in Asia. The company warned Wednesday that wholesale revenues are expected to decrease in the third quarter because orders were advanced leaving fewer remaining winter orders to come. The luxury parka retailer reported a $60.6 million second-quarter profit, compared with a $49.9-million profit in the same quarter the previous year. On an adjusted basis, the company said it earned $63.6 million or 57 cents per diluted share, up from $51.1 million or 46 cents per diluted share a year ago.Loblaw Companies Ltd. (TSX:L). Up 55 cents to $70.86. Loblaw Companies Ltd. saw traffic to its grocery stores drop in its most recent quarter, and the retailer lowered prices and took other measures to win over customers in an increasingly competitive industry. The company noticed an uptick in competitive intensity during the third quarter, particularly in the discount division, said Loblaw president Sarah Davis during a conference call with analysts Wednesday. It has seen rivals add stores, complete renovations and lower prices, she said. Loblaw also took steps to lower food prices in the third quarter, which resulted in a sales lift. Loblaw's third-quarter profit rose to $331 million from $106 million a year ago.Home Capital Group Inc. (TSX:HCG). Up $4.15 or 14.3 per cent to $33.15. Shares of Home Capital Group Inc. surged as earnings rose along with a rebounding mortgage market. The company's stock has seen steady gains this year, recovering to where it was before the company was embroiled in reporting issues in 2017, which saw shares dive to a low of $5.85. They are still well off the high of over $50 reached in 2014. CEO Yousry Bissada, who was brought on as CEO in 2017 to help right the company, said its focus on digital investments to help streamline services, along with marketing and customer service are helping Home Capital get ahead. The company said it earned $39 million in the quarter, up from a profit of $32.6 million a year earlier.CAE Inc. (TSX:CAE). Up $1.37 or four per cent to $35.66. CAE Inc. says its second-quarter profit rose nearly 22 per cent from the same time last year as its civil aviation business led revenue growth. The simulator and training company said it earned a profit attributable to shareholders of $73.8 million or 28 cents per share for the quarter, up from $60.7 million or 23 cents per share last year. Revenue totalled $896.8 million, up from $743.8 million a year ago. The growth came as revenue at CAE's civil aviation business rose 35 per cent compared with a year ago to $529.9 million, while revenue at its defence and security business totalled $336.5 million, up five per cent from a year ago.Manulife Financial Corp. — Manulife Financial Corp. says it has reached a settlement with the Toronto Transit Commission related to the Healthy Fit benefits fraud case. Terms of the agreement were not disclosed. Following a tip, the TTC began an investigation in 2014 that found that Healthy Fit, a health-care products and service provider, was issuing fake or inflated receipts. Employees would submit the falsified claims to Manulife, the company's insurance provider, collect the money, then share the payment with Healthy Fit. The TTC had sued Manulife alleging the company did not have the appropriate fraud management controls in place, a claim the insurance company denied.Cronos Group Inc. (TSX:CRON). Down 79 cents or 7.6 per cent to $9.61. Cannabis company Cronos Group Inc. reported a profit in its third quarter, boosted by an $835-million gain in derivative liabilities, as revenue grew to $12.7 million. The company says its net profit amounted to $788 million for the quarter ended Sept. 30. That compared with a loss of $7.3 million in the same quarter last year. Cronos says its adjusted earnings before interest, taxes, depreciation and amortization amounted to a loss of $23.9 million in its most recent quarter compared with a loss of $3.2 million a year ago. Revenue was up from $3.8 million in the same quarter last year and up from $10.2 million in the second quarter of 2019.This report by The Canadian Press was first published Nov. 13, 2019.The Canadian Press

  • Did You Manage To Avoid Bombardier's (TSE:BBD.B) 49% Share Price Drop?
    Simply Wall St.

    Did You Manage To Avoid Bombardier's (TSE:BBD.B) 49% Share Price Drop?

    This month, we saw the Bombardier Inc. (TSE:BBD.B) up an impressive 32%. But that doesn't change the fact that the...

  • Thomson Reuters StreetEvents

    Edited Transcript of BBD.B.TO earnings conference call or presentation 31-Oct-19 12:00pm GMT

    Q3 2019 Bombardier Inc Earnings Call

  • GlobeNewswire

    Bombardier’s Thought-provoking Safety Standdown 2019 Shines the Light on Elevating Standards, Introduces New Aviation Safety Practices

    Bombardier’s 23rd annual Safety Standdown, one of the most comprehensive safety conferences in the aviation industry, is set for November 12-14 in Fort Worth, Texas. This year’s theme, “Elevate Your Standards,” prompts aviation professionals and organizations to establish new standards to put them on the path to a safer, more productive future.

  • Why Is Bombardier Stock (TSX:BBD.B) Stock Surging Ahead?
    The Motley Fool

    Why Is Bombardier Stock (TSX:BBD.B) Stock Surging Ahead?

    How long will the momentum in Bombardier stock sustain?

  • Can Bombardier (TSX:BBD.B) Stock Get Back to $3?
    The Motley Fool

    Can Bombardier (TSX:BBD.B) Stock Get Back to $3?

    Bombardier, Inc. (TSX:BBD.B) stock has been stuck in the dumpster for more than a decade, but there's a chance shares could rise by 70% in 2020.

  • What It Will Take for Bombardier (TSX:BBD.B) to Soar
    The Motley Fool

    What It Will Take for Bombardier (TSX:BBD.B) to Soar

    Governments will need to spend a lot of taxpayer money to keep companies like Bombardier, Inc. (TSX:BBD.B) in business - a fact that can work for, and against, investors.

  • Bombardier sells aerostructures business as focus on business jets intensifies
    The Canadian Press

    Bombardier sells aerostructures business as focus on business jets intensifies

    MONTREAL — Bombardier Inc. has signed a US$1.2-billion deal to sell its aerostructures business as the plane-and-train maker continues its shift toward business jets and railcars.Spirit AeroSystems Holding Inc. has signed a definitive agreement with the Montreal-based company to buy its factories in Belfast, U.K., and Casablanca, Morocco, as well as its maintenance plant in Dallas.Under the agreement, Spirit will pay US$500 million in cash and assume liabilities of more than US$700 million."We achieved another key strategic milestone towards building a lean, efficient and strong business aircraft franchise," Bombardier chief executive Alain Bellemare said Thursday during a conference call with analysts.Spirit is expected to continue to manufacture the wings of the Airbus A220 — Bombardier sold a majority stake in the plane program, formerly branded the C Series, to Airbus last year — and other structural components and spare parts for the Learjet, Challenger and Global aircraft families in Bombardier's aviation division.The sale announcement came as the company announced earnings that fell below expectations."While results were mixed, we were encouraged by the outlook whereby the company reiterated full-year 2019 free cash flow guide," said analyst Walter Spracklin of RBC Dominion Securities.He said he views the sale "positively...as it further focuses Bombardier on the two core areas of business jets and transportation, while adding further liquidity," he said in a note to investors.Despite several project delays and lower-than-expected margins in its train division, Bombardier is "indicating that it has turned the corner on the large problematic legacy contracts," Spracklin said.Bellemare said the company is on track to reach its 2019 forecast of 15 to 20 Global 7500 business jet deliveries, despite sending off only two last quarter. Next year Bombardier aims to deliver between 35 and 40 of the ultra-long-range 7500s, which can fly from Halifax to Hong Kong."We are pleased with the company's progress on the Global 7500, which should be a key driver of margin expansion and free-cash-flow generation," said Desjardins Securities analyst Benoit Poirier.The company's stock rose more than four per cent or seven cents to closed at $1.66 in Thursday trading on the Toronto Stock Exchange.News of the sale came as Bombardier, which keeps its books in U.S. dollars, reported a loss of US$91 million or six cents per diluted share on $3.72 billion in revenue in its third quarter. That compared with a profit of $149 million or four cents per share on $3.64 billion in revenue a year ago.Revenue fell two per cent year over year to $3.72 billion in the quarter ended Sept. 30.On an adjusted basis, Bombardier says it lost four cents per share in its most recent quarter compared with an adjusted profit of four cents per share in the same quarter last year.Analysts on average had expected a loss of three cents per share, according to financial markets data firm Refinitiv.This report by The Canadian Press was first published Oct. 31, 2019.Companies in this story: (TSX:BBD.B)The Canadian Press

  • Bombardier (TSX:BBD.B) Stock Jumps 10%: Should You Buy Today?
    The Motley Fool

    Bombardier (TSX:BBD.B) Stock Jumps 10%: Should You Buy Today?

    Bombardier (TSX:BBD.B) investors are hoping some recent news could signal the end of a nasty slide in the stock price.

  • Bloomberg

    Bombardier Sells Belfast Factory to Spirit in $500 Million Deal

    (Bloomberg) -- Bombardier Inc. agreed to sell a wing factory in Northern Ireland and two other facilities to Spirit AeroSystems Holdings Inc. for $500 million and the assumption of certain liabilities.The Belfast operation makes wings for Airbus SE’s A220 jetliner, an aircraft that cash-strapped Bombardier developed before handing control last year to the European planemaker. The deal also covers a plant in Morocco and a maintenance, overhaul and repair shop in Dallas, Bombardier and Spirit said Thursday.The sale caps Bombardier’s exit from the airliner business as Chief Executive Officer Alain Bellemare refocuses the manufacturer on building private jets and trains. For Spirit, buying the Belfast plant will expand its role as an Airbus supplier and lessen its dependence on Boeing Co. and the 737 Max, which has been grounded for more than seven months after two deadly crashes.“This acquisition is in line with our growth strategy of increasing Airbus content, developing low-cost country footprint, and growing our aftermarket business,” said Spirit CEO Tom Gentile. “The Bombardier operations bring world-class engineering expertise to Spirit and add to a strong track record of innovation, especially in advanced composites.”The acquired operations have more than 4,000 employees and expected 2019 revenue of about $1 billion, Spirit said. Their backlog of work includes supply contracts for the A220 and Airbus’s A320neo, as well as for business and regional jets made by Montreal-based Bombardier.The Canadian company’s shares surged 10% to C$1.75 at 9:41 a.m. in Toronto after advancing as much as 12% for the biggest intraday gain in almost five months. Bombardier jumped even after third-quarter financial results fell short of analysts’ expectations. Spirit, which also missed earnings estimates, climbed 3.7% to $81.99. As part of the agreement, Spirit said it would assume about $300 million in net pension liabilities, and approximately $290 million of government grant repayment obligations, bringing the total value of the transaction to $1.09 billion. That’s 10 times the estimated earnings before interest, taxes, depreciation and amortization of the acquired businesses, Spirit said.The Wichita, Kansas-based company will also make a cash contribution of about $130 million toward pension liabilities. The deal, which is subject to regulatory approval, is expected to close in the first half of next year.To contact the reporter on this story: Anurag Kotoky in New Delhi at akotoky@bloomberg.netTo contact the editors responsible for this story: Brendan Case at bcase4@bloomberg.net, Susan WarrenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bombardier shares rise on target commitment, asset sales
    Reuters

    Bombardier shares rise on target commitment, asset sales

    Bombardier Inc said on Thursday it would meet a key 2019 target and announced a deal worth more than $1 billion (£773 million) with Spirit Aerosystems , sending shares up nearly 7% despite reporting it burned more cash than expected. Montreal-based Bombardier is in the middle of a restructuring, shedding underperforming commercial plane programs to focus on more profitable business jet and rail units. The company spent more cash than expected during the third quarter while bringing its flagship corporate jet to market and amid project delivery delays in its key rail business, the company's largest division by revenue.

  • GlobeNewswire

    Bombardier Announces Definitive Agreement to Sell Aerostructures Business to Spirit AeroSystems Holding, Inc.

    Bombardier (BBD-B.TO) today announced a definitive agreement to sell its aerostructures business to Spirit AeroSystems Holding, Inc. (Spirit), supporting Bombardier’s strategic decision to focus on its two strong growth pillars, trains and business aircraft. With this transaction, Spirit will acquire Bombardier’s aerostructures activities and aftermarket services operations in Belfast, U.K.; Casablanca, Morocco; and its aerostructures maintenance, repair and overhaul (MRO) facility in Dallas, U.S. for a cash consideration of $500 million and the assumption of liabilities with a total carrying value in excess of $700(2)  million, including government refundable advances and pension obligations. Following the transaction, Spirit will continue to supply structural aircraft components and spare parts to support the production and in-service fleet of Bombardier Aviation’s Learjet, Challenger and Global families of aircraft.

  • GlobeNewswire

    Bombardier Reports Third Quarter 2019 Results

    Consolidated revenues of $3.7 billion, representing 8% organic growth(1)Consolidated adjusted EBITDA(2) and adjusted EBIT(2) of $255 million and $159 million, respectively; $143.

  • GlobeNewswire

    REMINDER/Media Advisory: Bombardier to Report Third Quarter 2019 Financial Results on October 31, 2019

    MONTREAL, Oct. 30, 2019 -- Bombardier (TSX: BBD.B) will publish its financial results for the third quarter of 2019 on Thursday, October 31, 2019 and hold a live.

  • GlobeNewswire

    Media Advisory: Bombardier to Report Third Quarter 2019 Financial Results on October 31, 2019

    MONTREAL, Oct. 24, 2019 -- Bombardier (TSX: BBD.B) will publish its financial results for the third quarter of 2019 on Thursday, October 31, 2019 and hold a live.

  • GlobeNewswire

    Bombardier and NBAA Spirit Award Winner Barrington Irving to Collaborate on Aircraft Technician Recruitment Initiative

    Bombardier today announced it will be collaborating with NBAA Spirit Award Winner Captain Barrington Irving to develop a comprehensive program that will fuel the talent pipeline at Bombardier’s five U.S. based service centers. Over the coming months, Bombardier and Captain Irving will work to develop a comprehensive curriculum and outreach program to inspire the next generation of A&P technicians across America. “We are committed to ensuring our customers receive the best customer experience possible and this new relationship with NBAA Spirit Award Winner Captain Barrington Irving will help us develop a solid training base of technicians across our growing service centre network,” said Jean-Christophe Gallagher, Vice President and General Manager, Customer Experience, Bombardier Business Aircraft.

  • GlobeNewswire

    Global 6500 Aircraft Shines in Las Vegas as it Makes Worldwide Debut at NBAA-BACE 2019

    Following the dramatic unveiling of the Global 5500 and Global 6500 aircraft in 2018 at the European Business Aviation Convention in Geneva, Bombardier debuted less than 18 months later, the all-new Global 6500 aircraft, the latest addition to the award-winning and record-breaking Global family, at NBAA-BACE in Las Vegas, Nevada. Joining the Global 6500 aircraft, is a stellar lineup of Bombardier aircraft on static display, including the industry flagship, Global 7500 aircraft.

  • GlobeNewswire

    Bombardier Connects with GE to Go Big on Big Data, Offers Free “Smart” Box for Challenger, Global Customers

    Bombardier today announced a Preferred Service Provider (PSP) agreement with GE Aviation. As of today, GE will power Bombardier’s cockpit and cabin connectivity solutions – including new, curated, service bundles that will simplify the selection of cockpit and cabin services with tip-to-tail solutions for new and in-service aircraft. This agreement is a first step toward the launch of Bombardier’s comprehensive Smart Link Plus connected aircraft program.

  • GlobeNewswire

    Bombardier Expands its Smart Services Offerings with Introduction of New APU Cost-per-flight-hour Option for Global 7500

    New Smart Services APU offering provides increased cost coverage for flagship Global 7500, giving customers increased peace of mindUnder Smart Services portfolio of programs,.