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.
Bombardier Inc. (OTCQX:BDRBF) Q2 2025 Earnings Call July 31, 2025 8:00 AM ET Company Participants Bart W. Demosky - Executive VP & CFO Éric Martel - President, CEO & Director Francis Richer de La Fleche - Vice President of Financial Planning & Investor Relations Conference Call Participants Benjamin Webster Tomick - Barclays Bank PLC, Research Division Benoit Poirier - Desjardins Securities Inc., Research Division Cameron Doerksen - National Bank Financial, Inc., Research Division Gavin Eric Parsons - UBS Investment Bank, Research Division James McGarragle - RBC Capital Markets, Research Division Kevin Chiang - CIBC Capital Markets, Research Division Louis Harold Raffetto - Wolfe Research, LLC Noah Poponak - Goldman Sachs Group, Inc., Research Division Ronald Jay Epstein - BofA Securities, Research Division Tim James - TD Cowen, Research Division Operator Good morning, ladies and gentlemen, and welcome to the Bombardier Second Quarter 2025 Earnings Conference Call.
Bombardier's strategic shift to focus on business jets has streamlined operations, improved profitability, and driven a 30% stock rally since late last year. A record 50-jet order, valued up to $2.5B, boosts backlog by 12% and validates Bombardier's market leadership and product appeal. Expansion into defense and aftermarket services diversifies revenue streams, but supply chain and competitive risks remain.
Bombardier (TSX:BBD.A) shares surged almost 20% after the Montreal-based aircraft manufacturer announced it had received a firm order for 50 Challenger and Global business jets valued at US$1.7 billion, along with a long-term maintenance contract with an undisclosed first-time buyer. Deliveries are scheduled to begin in 2027, and the buyer also holds options for 70 additional aircraft, which could raise the total deal value to over US$4 billion.
Bombardier's Q1 earnings missed expectations, but minimal tariff impact and a healthy business jet market support my strong buy rating. Revenues grew 19%, with a 21% increase in adjusted EBITDA, despite higher supplier costs and seasonal negative free cash flow. 2025 guidance adjusted: aircraft deliveries over 150, revenues above $9.25 billion, but lower EBITDA and free cash flow projections due to supply chain costs.
Bombardier Inc. (OTCQX:BDRBF) Q1 2025 Earnings Conference Call May 1, 2025 8:00 AM ET Company Participants Francis Richer de La Fleche - Vice President, FP&A and IR Éric Martel - President and CEO Bart Demosky - Executive Vice President and CFO Conference Call Participants Tim James - TD Cowen Noah Poponak - Goldman Sachs Cameron Doerksen - National Bank Financial Benoit Poirier - Desjardins James McGarragle - RBC Louis Raffetto - Wolfe Research Konark Gupta - Scotiabank Ron Epstein - Bank of America Gavin Parsons - UBS Jay Singh - Citi Operator Good morning, ladies and gentlemen. And welcome to the Bombardier First Quarter 2025 Earnings Conference Call.
Bombardier CEO Eric Martel said on Monday he was concerned Washington could target the company's U.S. contracts if Canada cancels a C$19-billion contract for 88 Lockheed Martin F-35 fighter jets.
Bombardier's stock price decline presents a compelling entry point, as the current price fails to reflect 2024 earnings and offers significant upside potential. Despite supply chain issues and tariff uncertainties, Bombardier's 2024 performance was strong, with revenues exceeding guidance and a 25% EPS beat. The company has not provided 2025 guidance due to tariff uncertainties, but customer confidence remains high, and business jet indicators are positive.
Bombardier Inc. (OTCQX:BDRBF) Q4 2024 Earnings Conference Call February 6, 2025 8:00 AM ET Company Participants Francis Richer de La Fleche - Vice President, FP&A & Investor Relations Éric Martel - President & Chief Executive Officer Bart Demosky - Executive Vice President & Chief Financial Officer Conference Call Participants James McGarragle - RBC Capital Markets Kevin Chiang - CIBC Capital Markets Seth Seifman - JPMorgan Konark Gupta - Scotiabank Benoit Poirier - Desjardins Capital Markets Fadi Chamoun - BMO Capital Markets Tim James - TD Cowen Operator Good morning, ladies and gentlemen and welcome to the Bombardier Fourth Quarter and Full Year Ended December 31, 2024. Please be advised that this call is being recorded.
Canadian planemaker Bombardier on Thursday reported a 1.5% rise in quarterly revenue on aftermarket business strength, and delayed its 2025 forecast, citing uncertainty related to U.S. President Donald Trump's tariffs.