Bombardier reports a Q4 profit, revenue up from a year ago
Bombardier's aircraft deliveries for 2023 are expected to be more than 138 units compared with 123 in 2022.
Bombardier says it earned a fourth-quarter profit of US$241 million, up from US$238 million in the same quarter last year.
The aircraft maker, which keeps its books in U.S. dollars, says the profit amounted to US$2.40 per diluted share for the quarter ended Dec. 31, up from US$2.34 per diluted share in the last three months of 2021.
Revenue for the quarter totalled US$2.7 billion, up from US$1.8 billion a year earlier.
On an adjusted basis, Bombardier says it earned US$2.09 per diluted share in its fourth quarter, up from an adjusted profit of 74 cents per share in the same quarter a year earlier.
In its outlook for 2023, the company says it expects revenue to top US$7.6 billion for the year compared with US$6.9 billion in 2022.
Aircraft deliveries for 2023 are expected to be more than 138 units compared with 123 in 2022.
