Bombardier reports 17% y/y revenue increase

Bombardier has announced first quarter 2023 revenues of $1.5bn, a 17% year-on-year increase it said was “driven by improved delivery mix”. The business jet maker said “continued strong aftermarket revenues of $424 million” also drove the increase as aircraft deliveries looked on track to top 138. “Reported net income and adjusted net income surged to $302 million and $113 million respectively”, the company said, meaning  adjusted Earnings per share of $1.06 and diluted earnings per share of $2.98. The company’s adjusted earnings (EBITDA) rose to $212 million, a  27% increase, with reported earnings reaching $140 million. “With a very healthy,