Overview
* Bombardier Q3 revenue rises 11% to $2.3 bln, driven by services and aircraft deliveries
* Adjusted EPS for Q3 misses analyst expectations despite a 59% yr/yr increase
* Free cash flow improves by $279 mln yr/yr, reaching $152 mln for the quarter
Outlook
* Bombardier expects to achieve full-year guidance for 2025
* Company anticipatessays Global 8000 on track to enter service this year
* Bombardier sees growth in defense segment deliveries
Result Drivers
* SERVICES REVENUE - Services revenue increased by 12% year-over-year, contributing significantly to overall revenue growth
* AIRCRAFT DELIVERIES - Increase in aircraft deliveries, with 34 units delivered, supported revenue growth
* BACKLOG GROWTH - Backlog increased by $0.5 billion, supported by strong order intake and a unit book-to-bill of 1.3
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 Miss $1.21 $1.40
Adjusted (12
EPS Analysts
)
Q3 EPS $0.77
From
Cont.
Ops
Analyst Coverage
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
* The average consensus recommendation for the aerospace & defense peer group is "buy"
* Wall Street's median 12-month price target for Bombardier Inc ( BDRPF ) is C$218.00, about 9.1% above its November 5 closing price of C$198.09
* The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 17 three months ago
Press Release:
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)