11:46 AM EDT, 07/25/2024 (MT Newswires) -- Bombardier (BBD-B.TO) on Thursday said its second-quarter adjusted profit rose 39% as revenue rose by nearly a third, driven by higher aircraft deliveries and a steady increase in services revenue.

The company said its second-quarter adjusted profit, excluding most one-time items. rose to US$111 million, or US$1.04 per share, up from US$0 million, or US$0.72, in the year-prior quarter.

Revenue rose 32% 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 shares were last seen down $4.03 to $90.86 on the Toronto Stock Exchange.

Price: 90.71, Change: -4.18, Percent Change: -4.41