Plus   Neg

Bombardier Maintains Recently Reduced FY19 Outlook - Quick Facts

While reporting financial results for the first quarter, Bombardier Inc. (BBD_B.TO,BBD_A.TO) on Thursday maintained its outlook that was reduced on April 25, 2019.

For fiscal 2019, the company continues to project revenues in a range of about $17.0 billion, about $1.0 billion lower than originally anticipated and representing about 10 percent organic growth over 2018, excluding currency effects and divestitures.

The Company also maintains its guidance for full year consolidated adjusted EBITDA in a range of $1.50 billion to $1.65 billion, implying growth of almost 20 percent year over year, and consolidated adjusted EBIT in the range of $1.0 billion to $1.15 billion.

Additionally, the company announced that it will consolidate its aerospace assets into a single, streamlined, and fully integrated Bombardier Aviation business unit, which will be led by David Coleal.

As the Company moves to optimize its global manufacturing footprint, Bombardier will pursue the divestiture of the Belfast and Morocco aerostructures businesses.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon is expanding the aircraft fleet of its air cargo network by leasing 12 additional Boeing 767-300 converted cargo aircraft from Air Transport Services Group Inc. This comes amid increased demand for shipments due to the coronavirus pandemic. These aircraft will join Amazon Air's existing fleet of 70 aircraft to bring its total network to more than 80 aircraft. New York's transit agency The Metropolitan Transportation Authority or MTA has pulled its newest subway cars from service after two cars got detached from a moving train. New York City Transit Interim President Sarah Feinberg launched an investigation into the matter. The entire R179 fleet from Canadian company Bombardier Inc. has been pulled until further notice after the incident in Chambers AMC Entertainment Holdings, Inc., the world's largest theatre chain, said it has substantial doubt in its ability to continue its business as theaters across the world remain closed for months now following coronavirus or Covid-19 pandemic. In a regulatory filing, the company said it is "generating effectively no revenue", and that additional capital, if needed, may not be available.
Follow RTT