Bombardier Swings to Profit in 3Q as Revenue Tops Views

Dow Jones11-07

By Adriano Marchese

Bombardier logged a profit in the third quarter as its aftermarket business helped drive revenue above expectations.

The Canadian business jet manufacturer posted a net income $117 million, or $1.09 a share a share, compared with a loss of $37 million, or 47 cents a share, in the comparable quarter a year ago.

Adjusted earnings were 74 cents a share a share, just shy of analyst expectations of 75 cents a share, according to FactSet.

Revenues rose 12% to $2.07 billion, topping analyst expectations of a decline to $1.79 billion.

The revenue growth was driven by its aftermarket business' growth and a delivery mix, Bombardier said, while revenues from the its services business stream continued their upward trajectory, rising 28% year-over-year to $528 million. Revenues from services are trending ahead of Bombardier's trajectory, and said that it is on track to achieve its $2 billion target for aftermarket revenues by 2025

The company delivered a healthy mix of aircraft this quarter, for a total of 30 deliveries, and its backlog as of the end of the quarter was $14.7 billion.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

November 07, 2024 07:26 ET (12:26 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2481054339?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-07 20:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481054339","market":"nz","top_or_hot":-1,"title":"Bombardier Swings to Profit in 3Q as Revenue Tops Views","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Adriano Marchese \n</p>\n<pre>\n \n</pre>\n<p>\n  Bombardier logged a profit in the third quarter as its aftermarket business helped drive revenue above expectations. \n</p>\n<p>\n  The Canadian business jet manufacturer posted a net income $117 million, or $1.09 a share a share, compared with a loss of $37 million, or 47 cents a share, in the comparable quarter a year ago. \n</p>\n<p>\n  Adjusted earnings were 74 cents a share a share, just shy of analyst expectations of 75 cents a share, according to FactSet. \n</p>\n<p>\n  Revenues rose 12% to $2.07 billion, topping analyst expectations of a decline to $1.79 billion. \n</p>\n<p>\n  The revenue growth was driven by its aftermarket business' growth and a delivery mix, Bombardier said, while revenues from the its services business stream continued their upward trajectory, rising 28% year-over-year to $528 million. Revenues from services are trending ahead of Bombardier's trajectory, and said that it is on track to achieve its $2 billion target for aftermarket revenues by 2025 \n</p>\n<p>\n  The company delivered a healthy mix of aircraft this quarter, for a total of 30 deliveries, and its backlog as of the end of the quarter was $14.7 billion. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 07, 2024 07:26 ET (12:26 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bombardier Swings to Profit in 3Q as Revenue Tops Views</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBombardier Swings to Profit in 3Q as Revenue Tops Views\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-07 20:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Adriano Marchese \n\n\n \n\n\n  Bombardier logged a profit in the third quarter as its aftermarket business helped drive revenue above expectations. \n\n\n  The Canadian business jet manufacturer posted a ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BDRBF","symbol_name":"Bombardier Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481054339","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481054339","pubTimestamp":1730982360,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Bombardier logged a profit in the third quarter as its aftermarket business helped drive revenue above expectations.The Canadian business jet manufacturer posted a net income $117 million, or $1.09 a share a share, compared with a loss of $37 million, or 47 cents a share, in the comparable quarter a year ago.Adjusted earnings were 74 cents a share a share, just shy of analyst expectations of 75 cents a share, according to FactSet.Revenues rose 12% to $2.07 billion, topping analyst expectations of a decline to $1.79 billion.The revenue growth was driven by its aftermarket business' growth and a delivery mix, Bombardier said, while revenues from the its services business stream continued their upward trajectory, rising 28% year-over-year to $528 million. Revenues from services are trending ahead of Bombardier's trajectory, and said that it is on track to achieve its $2 billion target for aftermarket revenues by 2025. The company delivered a healthy mix of aircraft this quarter, for a tot","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BDRBF":"Bombardier Inc."},"translate_title":"庞巴迪第三季度扭亏为盈，收入超过预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BDRBF":0.9},"content_text":"By Adriano Marchese \n\n\n \n\n\n  Bombardier logged a profit in the third quarter as its aftermarket business helped drive revenue above expectations. \n\n\n  The Canadian business jet manufacturer posted a net income $117 million, or $1.09 a share a share, compared with a loss of $37 million, or 47 cents a share, in the comparable quarter a year ago. \n\n\n  Adjusted earnings were 74 cents a share a share, just shy of analyst expectations of 75 cents a share, according to FactSet. \n\n\n  Revenues rose 12% to $2.07 billion, topping analyst expectations of a decline to $1.79 billion. \n\n\n  The revenue growth was driven by its aftermarket business' growth and a delivery mix, Bombardier said, while revenues from the its services business stream continued their upward trajectory, rising 28% year-over-year to $528 million. Revenues from services are trending ahead of Bombardier's trajectory, and said that it is on track to achieve its $2 billion target for aftermarket revenues by 2025 \n\n\n  The company delivered a healthy mix of aircraft this quarter, for a total of 30 deliveries, and its backlog as of the end of the quarter was $14.7 billion. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 07, 2024 07:26 ET (12:26 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481054339"}