ombardier Reports First Quarter 2021 Financial Results, Affirms Full Year Financial Guidance and Delivery Outlook

  • Business jet revenues of $1.3 billion, up 18% year-over-year, mainly driven by a favourable mix of large-cabin aircraft deliveries, including eight Global 7500 aircraft  
  • Adjusted EBITDA(1) from continuing operations of $123 million, up 43% year-over-year, reflecting an improved aircraft mix, Global 7500 aircraft learning curve progress and cost structure improvements; adjusted EBIT(1) from continuing operations of $29 million. Reported EBIT from continuing operations for the quarter was $19 million  
  • Free cash flow usage(1) from continuing operations of $405 million, including ~ $100 million of non-recurring cash items(2), an improvement of $357 million year-over-year. Reported cash flows from operating activities – continuing operations for the quarter was a usage of $372 million and net additions to PPE & intangible assets – continuing operations for the quarter were $33 million  
  • First quarter book-to-bill(3) > 1.0 on strong sales activity, which is expected to continue(4) into the second quarter  
  • Strong pro-forma liquidity(4) of $2.6 billion, which includes $0.6 billion in proceeds from sale of Alstom shares. Bombardier has deployed ~ $2.4 billion toward balance sheet deleveraging year-to-date, expected to reduce annual cash interest costs by ~ $200 million versus its 2020 debt servicing cost

 

All amounts in this press release are in U.S. dollars unless otherwise indicated.
Amounts in tables are in millions, unless otherwise indicated.

 

MONTRÉAL, May 06, 2021 (GLOBE NEWSWIRE) — Bombardier (TSX: BBD.B) announced today its financial results for the first quarter of 2021 and affirmed its full year 2021 financial guidance and delivery expectations of 110-120 aircraft.

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Serco celebrates award of contract extension with 40th anniversary RAF Chinook helicopter tail re-painting

Royal Air Force Odiham is celebrating the 40th anniversary of the Chinook helicopter entering RAF service with a commemorative new colour scheme. The tail art was unveiled today (5th May) as the aircraft departed RAF Odiham on a routine training sortie.

Pictured is the RAF Odiham 40th Anniversary of the Chinook special paint scheme on ZD984. Seen here against moody skies as it prepares for a routine training sortie, operated by 27 Squadron.

Royal Air Force Odiham is celebrating the 40th anniversary of the Chinook helicopter entering RAF service with a commemorative new colour scheme. The tail art was unveiled today (5th May) as the aircraft departed RAF Odiham on a routine training sortie.

Serco, the international services company, has been awarded a contract extension to continue supporting the Royal Air Force with its specialist Surface Finish aircraft painting expertise for another three years. The contract started on 1 April 2021 and is valued at £15 million.

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‘We Gotta Get God Back In Our Schools’ To Solve Racial, Economic Divide

‘We Gotta Get God Back In Our Schools’ To Solve Racial, Economic Divide

Former NFL Player: ‘We Gotta Get God Back In Our Schools’ To Solve Racial, Economic Divide While the Left continues to push the narrative that police officers are the problem, and that “defunding the police” is the answer to all the problems. See It Here

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Vote, Vote, Vote!

Polls are now open in elections across the country until 10pm this evening!

We have been in some sort of lockdown for over a year, and this is the first election since the beginning of the crisis last March. For some, it may be your last chance to be heard at the ballot box for a year or more.

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Hey, Maxine Waters

FILE – In this Oct. 28, 2009 file photo, Rep. Maxine Waters, D-Calif., is seen on Capitol Hill in Washington. A House investigative panel has charged California Democratic Rep. Maxine Waters with violating ethics rules. Waters, a senior member of the House Financial Services Committee, would face a trial in the fall unless she negotiates a settlement. The specific charges against Waters were not made public in the announcement Monday from the House ethics committee. (AP Photo/Charles Dharapak, File)

Recently, liberal Congresswoman Maxine Waters made a call for violence.
She told protestors and rioters to “get more confrontational” in Minnesota.
And this was not the first time she’s done something like that!

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