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Bombardier Inc. (BDRAF)
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Bombardier received $1.3 billion worth of new aircraft orders in the first quarter, increasing its order backlog by 11% to $13.5 billion.
Bombardier reported Q1/22 Adjusted EBITDA (from continuing operations) of $167 million, compared to our forecast of $154 million and consensus of $153 million. Adjusted EPS of -$0.03 was in-line with TD/consensus estimate of -$0.03/-$0.03.
Impact: SLIGHTLY POSITIVE
We view the Q1/22 results positively due to the slightly stronger-than-expected revenue and EBITDA, significantly greater cash generation than forecast, and net book:bill that was 2.1x on a dollar basis (2.5x on a unit basis). Each quarter that Bombardier generates results that meet expectations and keeps on track to meet or exceed its full year guidance and 2025 targets should contribute to establishing credibility for company and the management team that has been successfully steering the company since taking over leadership in 2020.
Revenue declined 7% y/y to $1.246 billion, versus our $1.160 billion forecast and consensus of $1.331 billion. The company delivered 21 aircraft (TD estimate 21), although the mix included one additional small cabin delivery and one fewer medium cabin than factored into our forecast.
Services revenue increased 34% y/y to $361 million, in-line with TD forecast of $367 million.
Adjusted EBITDA margin was 13.4%, in-line with our 13.2% forecast. The improvement is primarily due to Global 7500 margin expansion and the growth in aftermarket services.
Orders: Book-to-bill ($) was 2.1x (2.5x units basis), an exceptional result and supportive of our expectations for delivery growth through at least 2023. This compares to the comparable GD value of 1.7x and Textron's 2.0x.
Free cash flow was $173 million, above our forecast for usage of $566 million, with the difference due to lower cash requirements for inventories and a greater-thanexpected increase in the contract liability (related to strong order activity).
2022 Guidance: Management believes the company is on track to meets its full year guidance of >120 deliveries and FCF greater than $50 million. We interpret press release language as implying potential upside to guidance (which we believe is likely), but the report indicated that based on the current geopolitical climate, management will be taking a wait-and-see approach before providing any updated guidance.
Bad day for the market in general , BBD.B 10% down today, bought more shares at $1.15
Eric Martel spoke on Montreal radio 98,5 today, his comments : precise and very positive .
BRIEF-Bombardier’s Board Of Directors Approves Share Consolidation And Renewal Of Normal Course Issuer Bid
May 6 (Reuters) - Bombardier Inc:
* BOMBARDIER’S BOARD OF DIRECTORS APPROVES SHARE CONSOLIDATION AND RENEWAL OF NORMAL COURSE ISSUER BID
* BOMBARDIER - CURRENTLY TARGETING TO IMPLEMENT SHARE CONSOLIDATION AND RENEWED NCIB IN JUNE 2022
* BOMBARDIER - BOARD APPROVED PROCEEDING WITH CONSOLIDATION OF ISSUED & UNISSUED CLASS A & CLASS B SHARES AT A CONSOLIDATION RATIO OF 25-FOR-1 Source text for Eikon: Further company coverage:
This won't get delisted. It was not delisted in 2020 when I reached 30 cents. The reverse split will make the price per share much higher. The question is the lawsuit and business performance. That's it. Delisting is fake news.
soon, all investors will be rolling in this ... um ... I'm thinking to buy $25k more
25 to 1 consolidation approved and share buy back
Stay strong - TIP ranks, Market beat and TD ameritrade, all have price target of over $2 with positive sentiments, with strong buy ratings
13+ billion backlog, and doubling Wichita foot print.⬆️⬆️⬆️😎
price should jump back up with a good earnings announcement. So gimme that good news tomorrow!
Revenues of $1.2 billion reflect strong aftermarket performance and 21 aircraft deliveries, well on track towards full year guidance of more than 120 deliveries.
Adjusted EBITDA rose to $167 million, a 36% year-over-year improvement fueled by Global 7500 margin expansion, execution of cost reduction plan and higher contributions from aftermarket. First quarter reported EBIT from continuing operations was $85 million.
Strong free cash flow generation of $173 million from continuing operations represents an improvement of $578 million year-over-year and tracks ahead of plan, driven by strong order intake, reduction in interest paid and earnings growth. Adjusted liquidity stands strong at $1.8 billion. Reported cash flows from operating activities for the quarter was $217 million and net additions to PP&E and intangible assets for the quarter were $44 million. Cash and cash equivalents as at March 31, 2022 were $1.4 billion.
First quarter unit book-to-bill of 2.5 and backlog rose by $1.3 billion to $13.5 billion since the beginning of 2022, a reflection of continued strong order intake.
Why all the negativity? We had a great day just before earnings report. I’m expecting a positive cash flow report tomorrow so hope you all got in. We may never see these low prices again.
We're not shooting to the moon...just the right, positive, improved direction. Buy now and benefit tomorrow!!!
Bombardier Q1 Earnings TLDR:
- Cash flow positive and 1.2 billion revenues
- Overall EBIDTA 36% up (business health)
- 21 business jets delivered and 52 backlog in process.
- Backlog increased from 1.3 billion to 13.5 billion
May 5 (Reuters) - Bombardier Inc on Thursday reported a smaller quarterly adjusted loss, as the business jet maker generated more margins from sales of its flagship plane to wealthy travelers who are increasingly flying private due to the pandemic.
Corporate jet makers are reporting swelling orders, with more affluent passengers taking charter planes for safety reasons as well as fewer options with airlines cutting routes due to staff shortage and higher fuel costs.
Bombardier said its backlog rose by $1.3 billion to $13.5 billion since the beginning of 2022, as affluent passengers continued flying private despite a rebound in airline traffic.
The company said its adjusted earnings before interest, taxes, depreciation and amortization rose 36% in the first quarter on higher profits from sales of its best-selling Global 7500 jet and cost cutting measures.
The company's first quarter book-to-bill, which measures orders to deliveries, was 2.5 on strong sales activity.
strong results patience pays
may b its will b over 2$ in coming weeks
Over the next week you'll hear about a major new DeFi crypto space invention, which could be a strong catalyst for explosive growth in the market. You're going to want to make sure you're in on this if you're interested in making some money.
Do not forget, Q1 is historically the quarter with the fewest jet deliveries. Upcoming Qs will confirm the acceleration of the company’s growth.
Good report Bbd actually increased their orders by even more planes, smaller loss and more cash on hand. When things settle with the market bbd will soar . Bullish
RS 1 for 25 when stock goes to 4 cents by then, it'll still be worth $1 just you'll have 25 x less shares.
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