CA - Bombardier Q4 earnings sales soar; sees rising jet deliveries this year

• Bombardier ( OTCQX:BDRBF ) ( OTCQX:BDRAF ) said Thursday it expects higher business jet deliveries this year, after reporting better than forecast sales in Q4 in "a resoundingly positive culmination of a strong year."
• Q4 adjusted earnings soared to $2.09/share, routing analyst expectations of $0.63/shares, and revenues surged to $2.66B, above estimates of $2.56B and 50% more than $1.77B in sales in the year-earlier quarter, driven by a ~60% increase in business aircraft manufacturing sales.
• Q4 net income edged higher to $241M, or $2.40/share, from $238M, or $2.35/share in the year-ago quarter.
• Backlog at the end of 2022 totaled $14.8B, up $2.6B from a year earlier, and book-to-bill ratio was 1.4.
• For FY 2023, Bombardier ( OTCQX:BDRBF ) ( OTCQX:BDRAF ) forecast revenues of more than $7.6B and annual adjusted core earnings of more than $1.13B.
• The planemaker expects full-year deliveries of more than 138 jets, compared with 123 last year.
• Bombardier ( OTCQX:BDRBF ) ( OTCQX:BDRAF ) shares have gained 31% so far this year and 51% during the past year .

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