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Bombardier (BBD-B) investor relations material
Bombardier Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Q3 2025 revenues increased 11% year-over-year to $2.3 billion, driven by strong Services growth and higher aircraft deliveries, positioning for full-year 2025 guidance with robust execution and operational discipline.
Global 8000 business jet received Transport Canada-type certification, with entry into service expected before year-end.
Expanded U.S. footprint with a new service center in Fort Wayne, Indiana, and inaugurated a new manufacturing facility in Moorpark, California.
Secured key defense contracts, including deliveries to the U.S. Air Force and a 10-year service agreement with Sierra Nevada Corporation.
Backlog reached a five-year high of $16.6 billion, supported by a 1.3x unit book-to-bill ratio and a 15% increase from December 2024.
Financial highlights
Q3 revenue rose 11% year-over-year to $2.3 billion, with 34 aircraft delivered (up four units from last year).
Services revenue grew 12% year-over-year to $590 million, representing 25% of total revenue.
Adjusted EBITDA increased 16% to $356 million (15.4% margin), and adjusted EBIT rose 13% to $227 million.
Adjusted net income surged 59% to $129 million; adjusted EPS up 64% to $1.21.
Free cash flow was $152 million, a $279 million improvement year-over-year.
Outlook and guidance
On track to meet full-year 2025 guidance, with Q4 expected to deliver strong margins due to a higher mix of large cabin and defense aircraft.
Anticipates delivering about 40% of annual aircraft in Q4, with normalized supply chain and all required engines and parts in hand.
Evaluating potential production rate increases beyond 2026, contingent on supply chain capability.
Management highlighted strong momentum entering the final stretch of 2025, with expectations for a strong year-end.
Global 8000 market impact post-certification?
Strategy for growing defense delivery proportion?
Drivers of sustained Services revenue growth?
Characterize Bombardier's M&A capital deployment.
What drives future production rate increases?
What drives services growth beyond baseline?
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Next Bombardier earnings date
Q4 202512 Feb, 2026
Next Bombardier earnings date
Q4 202512 Feb, 2026
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Frequently asked questions
Bombardier Inc. designs, manufactures, and services business aircraft. Its offerings include aircraft platforms, aftermarket services, and specialized solutions for corporate, government, and charter clients. The company is headquartered in Montreal, Canada, and its shares are listed on the TSX.
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