1448 GMT - Bombardier raises its full-year free cash flow guidance above $1.3 billion, up from more than $1 billion previously. The upward revision reflects sustained cash-generation momentum, with 3Q free cash flow climbing 20% to $183 million and a 36% increase in operating cash flow. The cash surge is underpinned by a 19% increase in high-margin services segment revenue, as well as high aircraft delivery visibility. "The strong financial performance since the start of the year, combined with reducing debt by $1.1 billion year-to-date, enabled the company to achieve its target adjusted net debt to adjusted Ebitda ratio of 1.5x at quarter end," Bombardier says.
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