Bombardier Reveals Robust Revenue Growth Thanks to Its Train Business; Raising FVE
No-moat Bombardier reported first-quarter results that featured modest margin expansion but strong year-over-year revenue growth driven by its transportation unit. The company announced the sale of its Downsview location in Toronto; this sale combined with the recent equity issuance will infuse Bombardier's debt-laden balance sheet with an additional $1 billion of cash. The transportation unit’s performance is coming in better than we expected, and although we do hold some reservations about the...Bombardier is a manufacturer of transportation equipment. Co. carries out its operations in four segments. Aircraft is engaged in the design, manufacture and aftermarket support for three families of business jets (Learjet, Challenger and Global). Commercial Aircraft designs and manufactures commercial aircraft in the 60- to 150-seat categories and provides aftermarket support for these aircraft as well as for the 20- to 59-seat range category. Aerostructures and Engineering Services designs and manufactures aircraft structural components and provides aftermarket component repair and overhaul. Transportation delivers products and services in sustainable mobility.
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