-- Bombardier's (BBD-B.TO) first-quarter adjusted earnings jumped 178%, beating forecasts, the company said on Thursday.
Adjusted net income, which excludes most one-time items, surged to US$189 million or US$1.81 per share, from US$68 million, or US$0.61 per share, in the prior year period. The result beat the consensus analyst estimate of US$0.77 per share, according to FactSet.
Revenues advanced 5% to US$1.6 billion, but was just below the US$1.64 billion expected by analysts. The revenue increase included a 25% jump in the Services segment, to US$617 million, a statement said.
Bombardier's backlog reached US$20.3 billion as at March 31, a $2.8 billion increase when compared with year-end 2025.
The company revised its free cash flow guidance for 2026 upwards, which is now expected to be greater than US$1.0 billion for the full year. Guidance for all other key financial metrics remains unchanged from the original guidance issued on Feb. 12.
The company separately said it is redeeming all of its outstanding 7.35% debentures due 2026, totalling C$150 million. The redemption date is set for June 26.