Bombardier today unveiled preliminary 2022 financial results, highlighting areas for which it expects to exceed full-year guidance.
The company will release its fourth quarter and full-year 2022 results as scheduled on February 9, 2023, and will also hold a live webcast and conference call for investors at 8:00 a.m. EST that same day.
The webcast and relevant financial charts will be available at ir.bombardier.com.
Preliminary full-year 2022 results(1)
| Continuing operations only | Expected Results for 12-month period ended December 31, 2022 | Updated 2022 Full-Year Guidance(2) |
| Aircraft deliveries (in units) | 123 | >120 |
| Revenues | ~ $6.9 billion | > $6.5 billion |
| Adjusted EBITDA(3) | ~ $930 million | > $825 million |
| Adjusted EBIT(3) | ~ $510 million | > $375 million |
| EBIT | ~ $535 million | n/a |
| Free cash flow(3) | ~ $735 million | > $515 million |
| Cash flows from operating activities | ~ $1,070 million | n/a |
| Net additions to PP&E and intangible assets | ~ $335 million | n/a |
Preliminary full year results on non-guided metrics include a full-year 2022 unit book-to-bill(4) of ~ 1.4, year-over-year order backlog growth to ~ $14.8 billion, and adjusted liquidity(3) of ~ $1.7 billion.
Adjusted liquidity at year-end includes cash and cash equivalents of ~ $1.3 billion plus certain restricted cash supporting various bank guarantees of ~ $0.4 billion. Adjusted liquidity excludes the secured revolver facility previously announced in November 2022, which remains undrawn.