Solid Second Quarter 2022 Financial Performanceīombardier's order backlog rose by 37% year-over-year to $14.7 billion, with a unit book-to-bill (4) of 1.8 for the second quarter, indicating continued high demand and strong order intake. "Supply chain pressure is contributing to keeping our aircraft delivery ramp up at a conservative and steady pace, in line with our 2025 projections." "Leading business indicators and market demand are still driving in a positive direction, giving us confidence that we can achieve our objectives," added Martel.
We have also strengthened our balance sheet to further enhance our resilience and predictability."
#Cashflow 101 free
"Our performance on free cash flow (1) has demonstrated that we have set the right foundation to be cash positive and deliver on our commitments. "It’s been a fantastic second quarter for us – strong demand for business jets has carried through and our team has converted opportunities to grow our backlog significantly," said Éric Martel, President and Chief Executive Officer. Bombardier raised its full-year guidance on free cash flow (1), now expected to be better than the previously communicated target, and reaffirmed guidance on aircraft deliveries, revenues and profitability metrics. 04, 2022 (GLOBE NEWSWIRE) - Bombardier (TSX: BBD.B) announced today strong financial results for the second quarter of 2022, marked by continued steady demand for new aircraft, strong aftermarket performance, robust free cash flow (1) generation, and one of the industry’s highest backlogs. dollars unless otherwise indicated.Īmounts in tables are in millions, unless otherwise indicated.
Adjusted EBITDA (1) for the second quarter rose to $201 million, a 41% year-over-year improvement driven by continued progress on strategic priorities.Revenues of $1.6 billion for the second quarter reflect 28 aircraft deliveries and a 22% year-over-year aftermarket revenue increase to $359 million.Raised 2022 full-year guidance on free cash flow (1), now expected to be greater than $515 million for the year vs greater than $50 million, based on stronger working capital performance and increased interest cost savings from accelerated deleveraging reaffirmed guidance on aircraft deliveries, revenues and profitability metrics (2).