BDRBF - Bombardier EPS in-line beats on revenue

Bombardier (BDRBF): Q1 Non-GAAP EPS of -$0.07 in-line; GAAP EPS of $2.03 beats by $2.11.Revenue of $1.34B (-11.8% Y/Y) beats by $120M.Adjusted EBITDA from continuing operations of $123 million, up 43% year-over-year.“With our solid performance in the first quarter, and our markets in recovery and key initiatives well underway, we remain confident in our ability to deliver on both our full-year financial guidance and longer-term objectives,” Martel continued. “This includes: (i) diversifying the company’s revenue mix by growing aftermarket services to ~ 27% of revenues by 2025; (ii) achieving a 20% reduction in Global 7500 aircraft unit costs between the 50th and 100th aircraft delivery; and (iii) obtaining $400 million in recurring savings by 2023. Through these actions, we work on transforming Bombardier into a more predictable, profitable and resilient company.”Press Release

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Bombardier EPS in-line, beats on revenue