December 1, 2011
Bombardier reports increased net income for 3rd quarter
Bombardier reported its financial results for the third quarter ended October 31, 2011. Revenues increased to $4.6bn, compared to $4bn last fiscal year. Earnings before financing income, financing expense and income taxes (EBIT) totalled $301m, compared to $250m last fiscal year, while the EBIT margin reached 6.5%, compared to 6.3% last year.
Net income amounted to $192m for the third quarter ended October 31, 2011, compared to $147m for the same period last fiscal year. Free cash flow (cash flows from operating activities less net additions to property, plant and equipment and intangible assets) usage totalled $346m for the third quarter, compared to a usage of $108m for the same period last fiscal year. The cash position amounted to $2.7bn as at October 31, 2011, a level similar to last year, compared to $4.2bn as at January 31, 2011. The overall backlog stood at a strong $55.3bn as at October 31, 2011, compared to $52.7bn as at January 31, 2011.