Reported 2 days ago
Bombardier's quarterly revenue slightly dropped to $2 billion, down from $2.2 billion last year, while net income exceeded analysts' expectations at $1.11 per share, aided by increased deliveries and strong demand for parts. The company faced higher cash burn of $164 million due to inventory stocking in anticipation of greater production. Despite tariffs imposed by U.S. President Trump, Bombardier secured a $1.7 billion order for 50 aircraft, raising its backlog to $16.6 billion.
Source: YAHOO