![]() ![]() The company has generated positive free-cash flow in each quarter since June, 2021, while boosting its adjusted EBITDA margin, booking new orders and repaying debt, Moody’s said. Moody’s Investors Service in July upgraded Bombardier’s credit rating to B3 from Caa1 with a stable outlook, citing what it said was the plane maker’s “continued progress” in reducing debt and its improved financial performance. “The market cap of the company now sits at about $5.5-billion, which makes it a much more relevant stock to investors.”Īssuming the bond transactions proceed as planned, Bombardier will have no debt maturing until early 2025, when about $1.1-billion comes due, Mr. “With profitability improving, free cash flow now consistently positive and leverage coming down, we believe 2023 will see more institutional investors showing interest in Bombardier shares,” National Bank analyst Cameron Doerksen said in a research note published this month. (BBD. Consensus BBD.B CA0977518616 BOMBARDIER INC. The company said it intends to use the proceeds of the offering, together with cash on hand, to fund the full redemption of another series of bonds due in 2024 and to finance an offer to purchase up to US$104-million in bonds due in 2025. Stock Price Forecast The 16 analysts offering 12-month price forecasts for Bombardier Inc have a median target of 52.17, with a high estimate of 72.30 and a low estimate of 34.13. : Target Price Consensus and Analysts Recommendations BBD.B CA0977518616 MarketScreener Homepage Equities Canada Toronto Stock Exchange Bombardier Inc. The company is tapping a strong trend toward private plane travel that took off during the COVID-19 pandemic.Ĭash flow from operating activities was about US$1.07-billion for the year, Bombardier said.īombardier announced it has launched a new bond offering of US$500-million that comes due in 2029. 9, company spokesman Mark Masluch said.Īfter years of turmoil at Bombardier that saw it teeter on the verge of bankruptcy, chief executive Éric Martel is trying to stage a recovery for the industrial giant that hinges on a slimmed-down business model focused solely on selling and servicing private jets. That prompted the early release of earnings results because of the proximity to the scheduled date of Feb. Revenue was US$6.9-billion, better than the US$6.5-billion projected, while the US$735-million in free cash flow was also higher than the US$515-million forecast.īombardier also announced debt refinancing moves on Tuesday morning. Textron story: Canadas Bombardier forecasts higher business jet deliveries in 2023 and other headlines for Textron Stock Please click here if you are not redirected within a few seconds. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) came in at US$930-million, besting the US$825 guidance the company provided in August. ![]()
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