Bombardier has impressively turned around with increased revenues, improved margins, and positive free cash flow, reducing debt by $4.5 billion. The company expects stable business jet deliveries for 2025, with revenue growth to over $9 billion and EBITDA of $1.625 billion, focusing on defense sales and aftermarket services. Growth drivers include larger body business jets, defense portfolio expansion, aftermarket sales growth, and margin improvements, aiming for a 2.0x-2.5x net leverage by 2025.
Bombardier's revenues and earnings continue to rise, with a 31.5% increase in revenues and a 40% growth in adjusted net income. Bombardier stock has significant upside potential, with projections showing a 36% increase in share price and room for multiple expansion. Risks include potential supply chain constraints and softening demand for business jets, but overall, Bombardier remains a strong buy with a comfortable debt position.
The broader market rally has left many investors wondering if there are any growth stocks to buy before a correction. I believe that there absolutely are.
Unifor said on Wednesday that its members at Bombardier ratified a new three-year collective agreement, ending an 18-day strike at the business jet maker's manufacturing facilities in Mississauga and Waterloo.
Canadian workers' union Unifor said on Tuesday its members at Bombardier will continue their ongoing strike action after rejecting, what it called, a "final proposal" from the business-jet maker.
Canadian workers' union Unifor said on Sunday that 1,350 of its members are on strike at jet-maker Bombardier's facilities after the two sides were unable reach a tentative agreement before the Saturday deadline.
BofA's Ron Epstein double upgraded shares of business-jet maker Bombardier to Buy from Sell. His price target rose 131%.