Finance, Taxes, Insurance
Bombardier Says 2022 Results Will Top Expectations
Bombardier says 2022 financial results will be better than forecasted.
fleet of Bombardier aircraft in flight over coast
Bombardier expects 2022 annual revenue to finish at $6.9 billion, up from the previously forecasted $6.5 billion. (Photo: Bombardier)

Bombardier’s stock price jumped more than 4 percent in early trading this morning after the Canadian business jet airframer announced its preliminary 2022 financial results, which trended higher than previous guidance, along with a tender offer to repurchase high-interest 7.5 percent senior debt coming due in 2024 and 2025. It also delivered 123 business jets year, up from 120 in 2021. Bombardier will formally announce its fourth-quarter and full-year 2022 results on February 9.

Montreal-based Bombardier expects 2022 revenue to finish at $6.9 billion, up from the previously forecasted $6.5 billion, and free cash flow to top out at $735 million, an increase from the prior predicted $515 million. Overall liquidity stands at $1.7 billion. Bombardier said its book-to-bill ratio stood at 1.4 and its year-over-year backlog had grown to $14.8 billion. 

Loading…