Bombardier ( (BDRBF) ) has released its Q3 earnings. Here is a breakdown of the information Bombardier presented to its investors.
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Bombardier Inc., a leading aerospace company specializing in the manufacturing of business jets, reported significant growth in its third-quarter earnings for 2024. The company achieved a 12% increase in total revenues, reaching $2.1 billion, driven by record services revenue and a favorable mix of aircraft deliveries. Key financial highlights include an adjusted EBITDA of $307 million and a backlog increase to $14.7 billion. Despite a decrease in cash flows from operating activities, Bombardier strengthened its liquidity position with an increase in its revolving credit facility. Looking ahead, Bombardier remains optimistic about its financial health and strategic positioning in the business aviation market.
