Bombardier Inc B Stock Price, News & Analysis

Bombardier has redeemed $200 million of its 7.500% Senior Notes due 2024 and another $200 million of its 2025 Notes. This action reflects the company's commitment to debt reduction and is part of its strategic priorities. The redemptions were executed through the Depository Trust Company, utilizing cash from Bombardier's balance sheet. CFO Bart Demosky highlighted the strong liquidity position at the end of the previous year, which supports the company’s operations and future objectives outlined during the recent Investor Day.

Bombardier expresses deep concern regarding the humanitarian crisis in Ukraine, suspending all activities with Russian clients and adhering to international sanctions. The company, alongside the J. Armand Bombardier Foundation, has pledged $150,000 to the Canadian Red Cross to support humanitarian efforts. Bombardier emphasizes its commitment to uphold its values and contribute positively amid this crisis, reinforcing its people-centric approach.

Bombardier hosted its 2022 Investor Day on February 24, showcasing its progress toward 2025 financial targets. CEO Éric Martel highlighted the company's robust cash flow and ongoing debt repayment strategy, aiming for over $500 million in free cash flow. The aftermarket business saw a 25% revenue increase in 2021, with expectations of reaching $2 billion by 2025. The Global 7500 jet program is projected to significantly enhance adjusted EBITDA. Key targets include ~$7.5 billion in total revenues and ~$1.5 billion in adjusted EBITDA by 2025.

Bombardier will host a virtual Investor Day on February 24, 2022, at 9:00 a.m. EST. Executives including CEO Éric Martel and CFO Bart Demosky will discuss progress on the company’s 2025 strategic plan, which focuses on four key pillars. The event will include updates on business objectives and a Q&A session for analysts. Bombardier is recognized for its innovative business jets, with around 5,000 aircraft globally. The company operates support facilities in multiple countries to enhance its customer service network.

Bombardier appoints Christophe Degoumois as an independent Executive Advisor to enhance strategic insight for the management team. With over 17 years of experience, including his role as Vice President of International Sales, Degoumois aims to support Bombardier's 2025 growth objectives. The company’s Challenger and Global business jets are well-positioned to meet rising global demand for business aviation. This leadership change comes as Bombardier continues to focus on developing exceptional aircraft and servicing a diverse customer base worldwide.

Bombardier announced the partial redemption of $200 million of its 7.500% Senior Notes due 2024 and another $200 million of its 7.500% Senior Notes due 2025, successfully utilizing cash from its balance sheet. This action highlights the company's strong performance in 2021 and aims at further deleveraging its balance sheet and reducing debt costs. The company is committed to ongoing growth and will provide updates on its five-year plan during Investor Day on February 24, 2022.

Bombardier announced a partial redemption of $200 million of its 7.500% Senior Notes due 2024 and 2025, scheduled for March 17, 2022. The redemption price for the 2024 Notes is 103.750% of the principal plus interest, while the 2025 Notes will be redeemed at 101.250% with accrued interest. The notice has been sent to record holders, and payments will be handled by Deutsche Bank Trust Company Americas. This announcement does not constitute a securities offering or solicitation in jurisdictions where it would be illegal.

Bombardier reported a successful 2021, achieving revenues of $6.1 billion, a 7% year-over-year increase driven by a robust performance in business jet sales. Adjusted EBITDA surged 220% to $640 million, and free cash flow rose to $100 million. The company’s backlog expanded to $12.2 billion, reflecting increased order intake. For 2022, Bombardier anticipates revenues exceeding $6.5 billion and adjusted EBITDA growth of 29%. A virtual Investor Day is scheduled for February 24, 2022 to discuss its strategic plan.

Bombardier (TSX: BBD.B) will announce its financial results for the fourth quarter and fiscal year ending December 31, 2021, on February 10, 2022. The company has scheduled a webcast/conference call for 8:00 a.m. EST to discuss its results with investors and analysts. Stakeholders can access the live call via phone or online, with a replay available shortly after the event. Bombardier is a leader in aviation, supporting a global fleet of over 4,900 aircraft, emphasizing innovation and customer experience.