Bombardier reported its 4th quarter and full 2024 results today, with strong financial performance.Revenues grew to $8.7 billion in 2024, including record service performance over $2.04 billion.The company delivered 146 aircraft in 2024, up from 138 in 2023.The company also reported continued strong demand, with a 1.0 book-to-bill ratio for the year.
Adjusted net income for 2024 reached $547 million, with full-year adjusted EPS of $5.16,up 31% year-over-year from $3.94 in 2023.Adjusted EBITDA was $1.36 billion in 2024, up 11% year-over-year.The company also generated $232 million in free cash flow during the year while continuing to de-leverage by about $400 million in debt.Net debt to adjusted EBITDA fell from 3.3 times in 2023 to 2.9X in 2024.
CEO Éric Martel stated, “Our team passionately and proudly executed our plan in 2024 at a very high level, growing revenue to meet guidance, growing deliveries, growing our backlog, meaningfully expanding our margins, and reaching a net leverage ratio of 2.9x. Four years ago, we outlined a bold vision for how we wanted to structure Bombardier
for success. Our company has accomplished more than we set out to, including reaching our 2-billion-dollar service revenue ambition a full year ahead of schedule by rapidly elevating our customer experience and offerings. Whether in our operations, in the field or on our balance sheet, we have time and again demonstrated that we are strong and resilient.”
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