How Bombardier (TSX: BBD,B) stock is performing in 2023? - Kalkine Media

March 29, 2023 03:13 AM EDT | By Raza Naqvi
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Highlights

  • Bombardier Inc. (TSX: BBD.B) trades on the Toronto Stock Exchange (TSX)
  • Bombardier said in its statement that revenues for Bombardier increased by 23% between 2020 and 2022.
  • In Q4 2022, the total revenues of Bombardier amounted to C$ 2,655 million.

Bombardier, a Canadian maker of commercial aircraft, established the business in 1942 to promote his snowmobiles. The business expanded into manufacturing commercial aircraft and public transportation vehicles in the 1970s and 1980s, becoming into an international conglomerate.

Bombardier Inc. (TSX: BBD.B) trades on the Toronto Stock Exchange (TSX) and its stock surged 26.2 per cent year-to-date (YTD) and 150.8 per cent in the last six months, as per Tradingview data.

Let's find out more about the stock in this article and see how it has performed:

Latest news about Bombardier

The company recently announced that it now targets US$ 9 billion annual revenue by 2025 instead of its initial target of US$ 7.5 billion. Also, instead of an adjusted EBITDA of US$ 1500 million, Bombardier now expects an adjusted EBITDA of US$ 1,625 million.

Bombardier said in its statement that revenues for Bombardier increased by 23% between 2020 and 2022 to $6.9 billion. With revenues rising by more than 50% during the same period, the expanding aftermarket business played a significant role.

The company also said that its profitability more than quadrupled to C$ 930 million in adjusted EBITDA.

Latest earnings of Bombardier

In Q4 2022, the total revenues of Bombardier amounted to C$ 2,655 million compared to C$ 1,771 million in Q4 2021. Meanwhile, the adjusted EBIT increased significantly to C$ 211 million from C$ 113 million in the same comparable period.

The net income of Bombardier was C$ 238 million in Q4 2021, and it rose slightly to C$ 241 million in Q4 2022.

Bottom line

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Please note, the above content constitutes a very preliminary observation based on the industry and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.


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