Bombardier Reports First Quarter 2017 Results

Bombardier has reported revenues of $3.6 billion and EBIT before special items was $128 million. EBIT margins before special items grew to 8.0% at transportation, 7.6% at business aircraft and 7.5% at aerostructures, while commercial aircraft recorded an EBIT loss in line with the prior year. Free cash flow usage improved by $157 million to $593 million for the quarter. “We continue to gain momentum as we execute our transformation plan and begin to unleash the full value of the Bombardier portfolio,” said Alain Bellemare, President and Chief Executive Officer, Bombardier. “Our continued margin expansion and improving cash performance demonstrate