Bombardier reports US$241M fourth-quarter profit, revenue up from year ago
By The Canadian Press on February 9, 2023.
MONTREAL – Bombardier says it earned a fourth-quarter profit of US$241 million, up from US$238 million in the same quarter last year. The aircraft maker, which keeps its books in U.S. dollars, says the profit amounted to US$2.40 per diluted share for the quarter ended Dec. 31, up from US$2.34 per diluted share in the last three months of 2021. Revenue for the quarter totalled US$2.7 billion, up from US$1.8 billion a year earlier. On an adjusted basis, Bombardier says it earned US$2.09 per diluted share in its fourth quarter, up from an adjusted profit of 74 cents per share in the same quarter a year earlier. In its outlook for 2023, the company says it expects revenue to top US$7.6 billion for the year compared with US$6.9 billion in 2022. Aircraft deliveries for 2023 are expected to be more than 138 units compared with 123 in 2022. This report by The Canadian Press was first published Feb. 9, 2023. Companies in this story: (TSX:BBD.B) 9-8
