Bombardier Is Attempting to Exit Its Turnaround and Kickstart Earnings Growth and Cash Flows
After disappointing the market in the third quarter with a cash flow guidance downgrade, no-moat Bombardier delivered a beat on cash flow to end 2018, landing at $182 million of free cash flow for the full year versus guidance of around break-even, including the sale of the company's Downsview facility. It's important to note that $155 million of cash flow came from prepayment of royalties associated with the divestment of business aircraft training. Still, the market liked what it saw, driving ...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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