Bombardier Reports 3rd Q 2018 Results, Sale of Non-Core Assets and Strategic Actions to Streamline the Company and Drive Productivity

lunes, 12 de noviembre de 2018

Bombardier's PR

  • Earnings(1) up 48% year over year to $271M on $3.6B revenues
  • Free cash flow usage(2) improved by $125M, 25% year over year
  • ~$900M net proceeds expected mainly from the sale of non-core assets: Q Series program and Business Aircraft’s flight and technical training activities(3)
  • Global 7500(4) certified by Transport Canada and the FAA; on track for entry into service before year end
  • Enterprise-wide productivity initiatives launched, expected to generate $250M in annual recurring savings by 2021(3)
  • 2018 guidance(3) updated: Revenues ~$16.5B; EBIT(1) ~$1B; and free cash flow(2) breakeven ±$150M, including net proceeds from Downsview sale
  • 2019 guidance(3) provided: Revenues targeted to grow by ~10%; EBIT(1) targeted to increase by ~20% with improved cash generation

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