Bombardier Q4 Earnings Call Highlights

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MarketBeat

Fri, February 13, 2026 astatine 8:08 AM CST 8 min read

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  • Bombardier says it has completed its multi-year turnaround, reporting 2025 gross of astir $9.6 billion, escaped currency travel of ~$1.07 cardinal and adjusted EBITDA of $1.56 cardinal (16.3% margin), with nett leverage down to 1.9x and recognition upgrades from Moody’s and S&P.

  • Services and defence reached grounds levels—services gross of $2.3 cardinal and defence supra $1 billion—helping thrust a 22% summation successful backlog to $17.5 billion, with services and defence present representing 35% of full revenue.

  • For 2026 Bombardier guides to >$10 cardinal revenue, adjusted EBITDA >$1.625 cardinal and escaped currency travel of $600M–$1B, but warns supply-chain shortages (down to ~500 parts, 1 cardinal motor OEM inactive problematic) and says it volition prioritize indebtedness simplification implicit shareholder returns successful 2026.

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Bombardier (TSE:BBD.A) executives utilized the company’s fourth-quarter and full-year 2025 net telephone to stress that the shaper has completed its multi-year turnaround program and is entering 2026 with what absorption described arsenic beardown momentum, grounds currency generation, and a larger, much diversified gross basal anchored by services and defense.

President and CEO Éric Martel said 2025 marked a “landmark year” successful which Bombardier delivered connected the fiscal objectives it acceptable successful 2021, including gross growth, currency procreation and leverage improvement. Martel pointed to full-year gross of astir $9.6 billion, escaped currency travel of $1.072 billion, and adjusted EBITDA of $1.56 cardinal with a 16.3% margin.

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Executive Vice President and CFO Bart Demosky added that the company’s nett leverage ended 2025 astatine 1.9x, beneath the debased extremity of the 2–2.5x scope Bombardier had acceptable for the year. Demosky besides said Bombardier achieved a Ba3 standing from Moody’s and a BB- standing from S&P Global Ratings, which helium framed arsenic designation of the company’s execution and improved equilibrium sheet.

Bombardier reported delivering 157 craft successful 2025, up 11 units twelvemonth implicit year. Demosky said higher deliveries, pricing, and accrued defence contented drove a $617 cardinal year-over-year summation successful craft manufacturing and different revenues.

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Management repeatedly highlighted a displacement toward a much diversified apical line. Martel said Bombardier achieved the highest concern aviation services gross successful its history, totaling $2.3 billion, up 13% twelvemonth implicit year, supported by an expanded work web and centers operating astatine afloat capacity. He cited much than 5,200 craft successful work and grounds lawsuit visits crossed the network.

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