CA - Bombardier Q2 earnings beat; raises FY FCF guidance and reaffirms guidance on other metrics
- Bombardier press release ( OTCQX:BDRBF ): Q2 Non-GAAP EPS of -$0.48 beats by $0.10 .
- Revenue of $1.6B (+5.3% Y/Y) beats by $20M .
- Strong order intake resulted in second quarter unit book-to-bill of 1.8 and 37% year-over-year increase in order backlog to $14.7B.
- Raised 2022 full-year guidance on free cash flow, now expected to be greater than $515M for the year vs greater than $50 million, based on stronger working capital performance and increased interest cost savings from accelerated deleveraging; reaffirmed guidance on aircraft deliveries >120 units, revenues > $6.5 billion vs. consensus of $6.63B and profitability metrics.
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Bombardier Q2 earnings beat; raises FY FCF guidance and reaffirms guidance on other metrics