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UTWO 0.450 +0.0% RARE 8.90 +0.0% PWM 0.650 +0.0% KNG 1.02 +0.0% TMET 0.100 +0.0% TNR 0.250 +0.0% AGX 0.690 +0.0% CANX 0.245 +0.0% ABRA 15.39 +0.0% BUFF 0.670 +0.0% PMI 0.445 +0.0% SAGA 0.455 +0.0% ASM 8.56 +0.0% GRL 0.300 +0.0% GPH 0.790 +0.0% OGC 33.07 +0.0% UTWO 0.450 +0.0% RARE 8.90 +0.0% PWM 0.650 +0.0% KNG 1.02 +0.0% TMET 0.100 +0.0% TNR 0.250 +0.0% AGX 0.690 +0.0% CANX 0.245 +0.0% ABRA 15.39 +0.0% BUFF 0.670 +0.0% PMI 0.445 +0.0% SAGA 0.455 +0.0% ASM 8.56 +0.0% GRL 0.300 +0.0% GPH 0.790 +0.0% OGC 33.07 +0.0%
Earnings

Bombardier Third Quarter 2025 Results See Strong Order Momentum and Significant Increases in Revenues, Deliveries, Services and Free Cash Flow

By The Northwire Desk — AI Analysis Nov 06, 2025 · 06:30 BBD · 198.09 None
BBD · Price

Executive Summary

  • Bombardier reported Q3 2025 revenue of $2.3 billion, up 11% YoY, driven by Services growth and a record 34 aircraft deliveries.
  • Adjusted EBITDA rose to $356 million (+16% YoY) with an adjusted EBITDA margin of 15.4%, and free cash flow improved to $152 million (+$279 million YoY).
  • Backlog increased to $16.6 billion (unit book‑to‑bill = 1.3) while available liquidity stood at $1.6 billion; the company refinanced $250 million of debt and plans a further $100 million repayment in December 2025.

Key Details

  • Revenue: $2,307 million (2024: $2,073 million) – +11% YoY.
  • Services Revenue: $590 million – +12% YoY.
  • Aircraft Deliveries: 34 units (up 4 vs Q3 2024).
  • Adjusted EBITDA: $356 million (2024: $307 million) – +16% YoY.
  • Adjusted EBITDA Margin: 15.4% (up 60 bps from 14.8%).
  • Reported EBIT: $227 million (up 13% YoY).
  • Adjusted Net Income: $129 million (2024: $81 million) – +59% YoY.
  • Adjusted EPS: $1.21 (2024: $0.74).
  • Diluted EPS (continuing): $0.77 (2024: $1.09).
  • Free Cash Flow: $152 million (2024: –$127 million) – +$279 million YoY.
  • Operating Cash Flow: $190 million (2024: –$81 million).
  • Net Additions to PP&E & Intangibles: $(38) million (2024: $(46) million).
  • Backlog: $16.6 billion (up $0.5 billion YoY); unit book‑to‑bill = 1.3.
  • Liquidity: Available liquidity $1.632 billion (down 22% YoY); cash & equivalents $1.182 billion.
  • Debt Management: Re‑financed $250 million of debt; announced additional ~$100 million repayment scheduled for Dec 3 2025.
  • Strategic Updates: Launched U.S. service centre in Fort Wayne, Indiana (first phase of multi‑phase expansion). Certified Global 8000 by Transport Canada; slated to enter service later in 2025.

Notable Quotes

“Bombardier’s third quarter performance marked by double‑digit growth… we are entering the final stretch of 2025 with excellent momentum across the board.” – Éric Martel, President & CEO

Materiality Assessment: Material – Positive (significant earnings beat, strong cash generation, and strategic progress).

Read the original news release →

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