Bombardier raises full-year outlook as services revenue and cash flow jump
Updated
Updated · The Wall Street Journal · Apr 30
Bombardier raises full-year outlook as services revenue and cash flow jump
9 articles · Updated · The Wall Street Journal · Apr 30
The Montreal-based jetmaker said first-quarter services revenue rose 25% to $617 million and free cash flow swung to $360 million from a $271 million outflow.
Quarterly sales increased 5% to $1.6 billion, while net income rose to $53 million and adjusted earnings reached $1.81 a share, beating Wall Street expectations.
Bombardier now expects more than $1 billion in free cash flow this year, and its backlog grew by $2.8 billion to $20.3 billion on fleet-operator demand and interest in the Global 8000.
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