Bombardier says 2022 revenue totalled US$6.9 billion based on preliminary results
By The Canadian Press on January 17, 2023.
MONTREAL – Bombardier says its preliminary 2022 financial results suggest revenue last year totalled about US$6.9 billion as the company delivered 123 aircraft. The result compared with the aircraft maker’s guidance last updated in August for revenue of more than US$6.5 billion for the year. Aircraft deliveries were expected to come it at more than 120. Bombardier, which keeps its books in U.S. dollars, says its preliminary results point to adjusted earnings before interest, taxes, depreciation and amortization of about US$930 million for the year compared with its guidance for more than US$825 million. Free cash flow for 2022 is expected to total about US$735 million based on preliminary figures compared with its guidance for more than US$515 million. Bombardier is expected to release its full financial results for its fourth quarter and all of 2022 on Feb. 9. This report by The Canadian Press was first published Jan. 17, 2023. Companies in this story: (TSX:BBD.B) 9-8
