Bombardier reports higher revenue, puts off 2025 forecast on US tariff uncertainty

Textron

06/02/2025 11:33

By Allison Lampert and Aatreyee Dasgupta
       MONTREAL, Feb 6 (Reuters) - Canadian planemaker
Bombardier  BBDb.TO  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.
    Resilient demand for private flying has boosted jet makers'
order books and their aftermarket businesses, despite a
slower-than-expected recovery in the aerospace supply chain. 
    But Trump's 25% tariff on Canadian and Mexican imports is
creating uncertainty for planemakers, even though the duties
have been delayed by 30 days.  
    Bombardier sells most of its Canadian-assembled jets to U.S.
customers, while aerospace major RTX's  RTX.N  Pratt & Whitney
Canada unit produces jet engines for U.S.-based Textron  TXT.N 
and General Dynamics's  GD.N  Gulfstream.  
    For the fourth quarter, Montreal-based Bombardier posted
revenue of $3.11 billion, compared with $3.06 billion a year
earlier.
    Its full-year revenue rose 8% to $8.67 billion. The
company's services business generated $2.04 billion in annual
revenue, hitting a company target a year earlier than expected.
    In 2024, Bombardier delivered 146 aircraft, up from 138 in
2023, but below its November forecast of 150-155 jets.      
    The company reported $232 million in full-year free cash
flow, a metric closely watched by investors, in-line with its
targets.    
    On an adjusted basis, it earned $3.01 per share in the
fourth quarter, compared with $1.37 a year earlier.
    The planemaker's backlog grew 1% from $14.2 billion to $14.4
billion in 2024.
    

 (Reporting by Allison Lampert in Montreal and Aatreyee Dasgupta
in Bengaluru; Editing by Shinjini Ganguli)
 ((Aatreyee.Dasgupta@thomsonreuters.com;))