Bombardier Reports Strong Q2 Financial Performance with Record Services Revenue
Bombardier Inc. reported strong second-quarter financial results, driven by a rise in revenue and adjusted EBITDA. Consolidated revenue increased to $2.15 billion year-over-year, while adjusted EBITDA reached $325 million—a 9% increase. Free cash flow for the quarter was $228 million compared to an outflow of $164 million a year earlier. Services revenue hit a record high at $674 million, up 14%, supported by higher aircraft utilization and network expansion. The company's backlog grew to $21.8 billion with continued interest in large-cabin and defense platforms. Bombardier also announced plans for service center expansions in Singapore, the U.S., and UAE. The balance sheet improved as net debt was reduced by $356 million and leverage dropped to 1.6 times adjusted EBITDA. Management reaffirmed its full-year guidance of over $1 billion in free cash flow despite ongoing supply chain challenges.
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Topics: aviation backlog financial performance services growth