Bombardier Reports Growth of Revenue, Deliveries in 2022

The company says its backlog of aircraft orders also increased, reflecting a strong market.

Jonathan Welsh

Thursday, February 09, 2023 at 04:35 PM ET

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Bombardier's lineup of business jets includes the Global 7500. [Credit: Shutterstock]

Key Takeaways:

Bombardier's 2022 revenue increased by 14% to $6.91 billion, with anticipated growth in deliveries and revenue for 2023.
The company reported a net loss of $148 million in 2022, a significant drop from the previous year, though adjusted net income was positive.
Backlog grew by $2.6 billion to $14.8 billion, indicating strong order intake and demand.
Bombardier repaid $1.1 billion in debt, improving its financial flexibility for future operations.

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Bombardier said its revenue increased by 14 percent in 2022, driven in part by higher deliveries and a favorable mix of aircraft. The company also said it anticipates deliveries will grow by 12 percent to more than 138 aircraft this year, from 123 in 2022.

The company reported a net loss of $148 million, or $1.88 per share, for the full year compared with net income of $5.07 billion, or $50.54 per share. The company said adjusted net income, including continuing operations, only totaled $101 million or 74 cents per share. Revenue for the year rose to $6.91 billion from $6.09 billion a year earlier.