BOMBF - Bombardier EPS in-line beats on revenue; raises full year guidance

Bombardier (OTCQX:BDRBF): Q2 Non-GAAP EPS of -$0.06 in-line; GAAP EPS of $0.06 beats by $0.12. Revenue of $1.52B (+24.6% Y/Y) beats by $210M. Adjusted EBITDA for the quarter up by $112M year over year to $143M. Reported EBIT from continuing operations for the quarter was $36M. Raised FY2021 guidance: (i) aircraft deliveries expected to reach ~120 units, revenues to exceed $5.8B; (ii) profitability increased to greater than $175M adjusted EBIT  and adjusted EBITDA  expected to be greater than $575M vs previously announced $100M and $500M, respectively; (iii) Free cash flow usage now expected to be better than $300M for the year vs $500M. Press Release

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Bombardier EPS in-line, beats on revenue; raises full year guidance