Bombardier Tracking to 2018 Expectations; We’re Shifting Our Focus to 2019 and Beyond
The turnaround continues at Canadian industrial conglomerate Bombardier, which reported second-quarter results featuring higher revenue, expanding margins, and improving cash flow. We think management is tracking to the deconsolidated C Series guidance it unveiled earlier this year, which calls for operating profit, or EBIT, before special items of about $950 million and break-even free cash flow. Based on this quarter's performance and management's initial outlook for 2019, we're planning to mo...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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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