Bombardier (TSE:BBD.B) has released an update.
Bombardier’s first quarter of 2024 saw a significant rise in service revenue and jet orders, resulting in a 60% increase in unit orders year-over-year and boosting the backlog to $14.9 billion. The company’s financial performance remained solid, with a 16% adjusted EBITDA margin and the execution of a $100 million debt redemption, maintaining strong liquidity at $1.4 billion. These results affirm Bombardier’s commitment to growing its recurring income streams while meeting its production and delivery plans.
For further insights into TSE:BBD.B stock, check out TipRanks’ Stock Analysis page.
