Bombardier YE2016 results better than expected

Feb. 16, 2017: Bombardier today posted better than expected results (even on lower revenue) for the fourth quarter and full year. Goldman Sachs was first out with reaction among the analyst reports LNC receives: Bombardier (Neutral) reported stronger-than-expected 4Q16… Read More

Bombardier 3Q2016 earnings: revenue down, performance up

Nov. 10, 2016, (c) Leeham Co.: Bombardier reported 3Q2016 and nine months results reflecting lower revenues as downsizing businesses and cost-cutting took effect. Revenues for the current quarter were $3.7bn vs $4.1bn. For the nine months, revenues were… Read More

Bombardier: Our turnaround plan is gaining traction

April 28, 2016: “Our turnaround plan is gaining traction,” said Alain Bellemare, BBD CEO, to lead off the first quarter earnings report for Bombardier. “This is a big win for Bombardier,” he said. “This is a strong endorsement for… Read More

Welcome news for Bombardier, Mitsubishi

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Air Canada orders up to 75 C Series; announced with BBD 2015 financial results

Feb. 17, 2016: The long drought is over. Air Canada has ordered up to 75 Bombardier C Series.The press conference is at 11am EST today. These will replace 25 Embraer E-190s. BBD now has orders and commitments for… Read More

Bombardier 3Q2015 earnings call

Oct. 29, 2015: “I feel confident in our liquidity going forward,” following the investment by the Quebec government of $1bn in the CSeries program, says Alain Bellemare, president and CEO. With that, Bombardier launched its third quarter earnings call. Cancellation of… Read More

Bombardier: $3.2bn charge, $1bn from Quebec

Oct. 29, 2015: Bombardier today announced a US$3.2bn charge against the CSeries program and a $1bn investment from the province of Quebec, about half of what had been rumored, with its 3Q2015 earnings. The press release is here…. Read More

Pontifications: Storm warnings ahead

Aug. 17, 2015 (c) Leeham Co: Sometimes I never know what’s going to exercise readers. Sometimes it’s obvious. Last week it wasn’t. Our post last week about the formidable challenges still facing Bombardier for the CSeries brought some… Read More

Bombardier reports lower 2Q2015 income

July 30, 2015: Bombardier reported lower net income on slightly higher revenues for the second quarter. The press release is here. The earnings call presentation is here. Bombardier-Q2-2015-Presentation-20150730-en “Overall, the second quarter was in line with plan in terms… Read More

Bombardier ‘transformation initiative’ goes after costs across the enterprise, supply chain

June 8, 2015, c. Leeham Co. Bombardier suppliers, already squeezed by Airbus and Boeing to cut costs and prices, will soon face a new effort from Bombardier to do the same. The new chief executive officer, Alain Bellemare, last… Read More