Bombardier has outperformed the S&P 500, exceeding my price target, and remains a strong buy after robust Q3 2025 results. BDRAF's growth drivers include strong demand for large cabin jets, expanding services, defense opportunities, and proactive debt reduction, enhancing free cash flow. Despite modest sales growth, operating leverage and efficiency improvements are driving higher EBITDA margins, with leverage expected to drop below 1x by 2027.
Bombardier Inc. ( BBD.B:CA ) Q3 2025 Earnings Call November 6, 2025 8:00 AM EST Company Participants Francis Richer de La Fleche - Vice President of Financial Planning & Investor Relations Eric Martel - President, CEO & Director Bart Demosky - Executive VP & CFO Conference Call Participants Tim James - TD Cowen, Research Division Myles Walton - Wolfe Research, LLC Benoit Poirier - Desjardins Securities Inc., Research Division Gavin Parsons - UBS Investment Bank, Research Division Cameron Doerksen - National Bank Financial, Inc., Research Division Jordan Lyonnais - BofA Securities, Research Division Alexander Ladd - JPMorgan Chase & Co, Research Division Noah Poponak - Goldman Sachs Group, Inc., Research Division Presentation Operator Good morning, ladies and gentlemen, and welcome to the Bombardier's Third Quarter 2025 Earnings Conference Call. Please be advised that this call is being recorded.
Bombardier stock has outperformed, but near-term upside is limited after reaching my previous price target; I now rate it a "Buy," not "Strong Buy." Despite recent sales and margin declines, strong services growth, inventory build, and the Global 8000 launch support future cash flow and margin recovery. Major new orders, defense opportunities, and services expansion position Bombardier for long-term growth, while debt refinancing improves financial flexibility.
| Aerospace & Defense Industry | Industrials Sector | Mr. Éric Martel CEO | OTC PINK Exchange | US0977516063 ISIN |
| Canada Country | 17,100 Employees | 15 Jul 2025 Last Dividend | - Last Split | - IPO Date |
Bombardier Inc. is a global leader in the aerospace industry, specializing in the design and manufacture of business aircraft and aircraft structural components. Founded in 1902, the company has established a strong presence worldwide, catering to a diverse clientele that includes multinational corporations, charter and fractional ownership providers, governments, and private individuals. Bombardier Inc. operates from its headquarters in Dorval, Canada, demonstrating a long-standing commitment to innovation, quality, and customer service in the aerospace sector.