11:45 AM EDT, 07/31/2025 (MT Newswires) -- (Adds comment and updates shares.)

Bombardier (BBD-B.TO) on Thursday reported an increase in adjusted income for the second quarter, even as revenues missed estimates despite new aircraft orders.

The aircraft manufacturer posted an adjusted profit, excluding most one-time items, of US$117 million, or US$1.11 per share, rising from US$111 million, or US$1.04, in the year-prior quarter. The consensus estimate of analysts polled by FactSet expected a profit of US$1.06 a share.

Revenue slipped 8% to US$2.03 billion from US$2.20 billion, and below a FactSet forecast of US$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 chief executive Eric Martel. "Demand for our products and services remains strong in traditional business jet markets, and continues to garner new opportunities in defense markets," Martel added.

National Bank of Canada reiterated its outperform rating on the company's shares while raising its price target to $179 from $171 following the results.

The bank said it made some modest upward adjustments to its forecast for Bombardier, while valuing the stock by applying a 9.5x EV/EBITDA multiple to its 2026 forecast.

Bombardier's Class B shares were last seen down $1.79 to $160.85 on the Toronto Stock Exchange.

Price: 160.73, Change: -1.91, Percent Change: -1.17