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.
