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Bombardier Posts Higher Q2 Adjusted EPS as Revenues Jump
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Bombardier Posts Higher Q2 Adjusted EPS as Revenues Jump
Jul 25, 2024 4:36 AM

07:13 AM EDT, 07/25/2024 (MT Newswires) -- Plane maker Bombardier (BBD.B) on Thursday reported an increase in second-quarter earnings per share as revenues jumped 32%, driven by higher aircraft deliveries and a steady increase in services revenue.

Second-quarter adjusted EPS came in at US$1.04, up from US$0.72. Revenues also rose to US$2.20 billion, up from US$1.68 billion.

Adjusted EBITDA also increased 22% to US$335 million from US$275 million, driven by a healthy delivery mix and strong services business, the company said.

Aircraft deliveries reached 39 units in the quarter, a 34% increase from the previous year. Bombardier expects to hit its full-year guidance of between 150 and 155 aircraft deliveries.

Bombardier's share price fell 4.1% to $94.89 yesterday.

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