Bombardier Reports Q3 Growth in Revenues

Bombardier has reported growth in both aircraft deliveries and aftermarket business revenues over the third quarter.

Kate O'Connor

Thursday, November 02, 2023 at 05:22 PM ET

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Bombardier's Global 7500 business jet. [Courtesy: Bombardier]

Key Takeaways:

Bombardier's third-quarter revenues surged 28% year-over-year to $1.9 billion, driven by increased aircraft deliveries and strong aftermarket business performance.
The company shipped 31 aircraft in Q3 2023, up from 25 in the same period last year, while its aftermarket business grew 11% year-over-year.
Bombardier reported a solid backlog of $14.7 billion at the end of Q3 and is on track to meet its 2023 delivery targets, positioned for future output increases.

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Bombardier reported Thursday that its third-quarter revenues came in at $1.9 billion, representing a 28 percent increase compared to the same period last year. The business jet manufacturer attributed the gains to higher deliveries and continued momentum in aftermarket business.

Crediting benefits from the expansion of its service center footprint in 2022, Bombardier noted that its aftermarket business saw an 11 percent year-over-year growth in Q3. The segment accounted for $414 million in revenues for the quarter. The company plans to focus on increasing its share of the aftermarket business going forward.