07:52 AM EDT, 07/31/2025 (MT Newswires) -- Plane maker Bombardier (BBD-A.TO, B.TO) reported Thursday an increase in adjusted net income for the second quarter, even as revenues missed, despite new aircraft orders.
Bombardier posted an adjusted net income of US$117 million, or US$1.11 per share, rising from US$111 million, or US$1.04 per share. According to FactSet, analysts expected $1.06 a share.
Revenue slipped 8% to US$2.03 billion from $2.20 billion, and below a FactSet forecast of $2.1 billion, while adjusted EBITDA fell 11% to US$297 million from US$335 million.
Bombardier said its orders increased during the period, driven by solid Bombardier Defense activity and a large-scale order for 50 firm aircraft and 70 options from a new customer.
Services revenues also increased by 16% year-over-year, and the company's service network and offerings continued to expand, Bombardier said.
"The Bombardier team has performed at a very high level in the first half of the year, setting our company on the path to meet 2025 guidance," said Eric Martel, president and CEO of Bombardier.
"Demand for our products and services remains strong in traditional business jet markets, and continues to garner new opportunities in defense markets," Martel added.
Bombardier's share price closed 2.3% higher on Wednesday to $162.64 on the TSX.