Transportation Business Is Driving the Train for Bombardier
No-moat Bombardier reported fourth-quarter and full-year results that beat consensus, with EBIT before special items landing at CAD 215 million for the quarter and CAD 672 million for the year. Thanks to the transportation unit’s order intake and milestone payments on existing contracts, free cash flow usage was CAD 786 million compared with guidance for cash burn of CAD 1 billion. In the quarter, revenue increased 7.6% year over year to CAD 4.7 billion, and the EBIT margin before special items ...
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