Bombardier Second Quarter Performance Places Corporation on Track for Full-Year Guidance while Backlog Grows Significantly

Core Insights - Bombardier Inc. reported strong financial results for Q2 2025, with a significant increase in orders and service revenues, positioning the company to meet its full-year guidance [2][3][4] Financial Performance - Total revenues for Q2 2025 reached $2.0 billion, reflecting an 8% decline year-over-year, while service revenues increased by 16% to $590 million [6][12] - Adjusted EBITDA was $297 million, down 11% from the previous year, while reported EBIT increased by 7% to $205 million [6][12] - Net income for the quarter was $193 million, compared to $19 million in Q2 2024, with diluted EPS rising to $1.87 from $0.12 [14][45] Order Backlog and Deliveries - The order backlog surged to $16.1 billion, a $1.9 billion increase from the previous quarter, marking the highest single-quarter business jet unit order volume in over a decade [9][10] - The company delivered 36 aircraft in Q2 2025, maintaining a consistent delivery pace year-over-year, with total first-half deliveries also at 59 aircraft [5][9] Service Expansion - Bombardier's services business reported impressive revenue growth, with plans for new maintenance and paint facilities in Abu Dhabi and the UK, respectively [4][10] - The service network is expanding to support a growing fleet, which includes the addition of 36 Challenger and Global aircraft in Q2 [4][5] Liquidity and Debt Management - Available liquidity stood at $1.2 billion, with cash and cash equivalents at $811 million as of June 30, 2025 [10][14] - The company successfully refinanced $500 million of Senior Notes due in 2027, extending the maturity to 2033, contributing to a credit rating upgrade from S&P Global Ratings to BB- [10][14]