Bombardier Q3 Results Show Mild Decline

Bombardier released its third quarter 2013 financial results this morning with most of its numbers showing a slight decline in comparison with the same period last year. Revenues for the corporation as a whole totaled $4.1 billion at the end of the quarter on September 30, compared to $4.2 billion for the same fiscal quarter last year. Bombardier Aerospace accounted for $2 billion in the quarter, compared to $2.3 billion last year.

The Canadian OEM recorded 36 deliveries and 23 net orders in the third quarter this year against 43 deliveries and 45 net orders for that period in 2012. For the first three quarters of 2013, there were 119 deliveries and 97 net orders compared with 117 deliveries and 219 net orders in the same period last year.

Further, the company’s backlog of business jets in the third quarter fell from 357 to 346 aircraft, with the Global series accounting for eight of the 11-aircraft difference. The aerospace segment, including commercial and business aircraft, had a backlog of $32.9 billion on September 30, the same level it had on Dec. 12, 2012.

Read the full story here

Bombardier Q3 Results Show Mild Decline


Comments are closed.