Jet planes are assembled at Bombardier's aircraft assembly centre in Mississauga, Ont., on Monday, Dec. 8, 2025. THE CANADIAN PRESS/Sammy Kogan
SAKBombardier Inc. shares jumped as the company raised its guidance for free cash flow for the year and continues to see defence spending in Canada as a tailwind.
"Free cash flow is a particularly important highlight this quarter," said Eric Martel, Bombardier's CEO, on an earnings call Thursday.
"We generated US$360 million of free cash flow in the quarter. To put that in perspective, it represents a US$664 million year-over-year improvement and marks the strongest first quarter free cash flow in nearly two decades for Bombardier."
Bombardier said it now expects its free cash flow to top US$1 billion for the year, as it reaffirmed its guidance on other metrics.
As of early afternoon Thursday, Bombardier shares were trading 16 per cent higher at $279.31 on the Toronto Stock Exchange.聽
The company expects to benefit from increased defence spending in Canada, which has been a priority for Prime Minister Mark Carney's government. The aircraft maker continues to highlight its defence capabilities.聽
Bombardier reported a first-quarter profit of US$53 million, up from US$44 million a year earlier, as its revenue rose five per cent.
The Montreal-based aircraft maker, which keeps its books in U.S. dollars, says the profit amounted to 45 cents US per diluted share for the quarter ended March 31, up from 37 cents US per diluted share in the same quarter last year.
On an adjusted basis, Bombardier says it earned US$1.81 per share in the quarter, up from 61 cents US per share a year earlier. 聽
Revenue for the quarter totalled US$1.60 billion, up from US$1.52 billion in the first quarter of 2025. The company said the revenue increase was supported by a 25 per cent annual gain in its services segment, coming in at US$617 million.聽
Martel said the company continues to be focused on debt reduction. 聽聽
"In this quarter alone, we repaid US$750 million of debt. And just this morning, we've announced the repayment of another C$150 million, which was due in December 2026," he said.聽
Bombardier delivered 24 aircraft during the three-month period, up from 23 in the same quarter last year.
Bart Demosky, Bombardier's chief financial officer, said the company experienced some issues with one of its suppliers during the period that affected its deliveries "by a handful of aircraft." However, he said the issue has been resolved and was offset by better performance in its services segment. 聽
The company's order backlog rose to US$20.3 billion as of March 31.
Following the release of Bombardier's latest earnings, 好色tv Bank analyst Cameron Doerksen maintained a sector perform rating on the stock.聽
"We remain highly positive on the company's fundamentals supported by a US$20.3 billion backlog, strong growth momentum in services and defence, and better than expected free cash flow. Our only hesitation on the stock is valuation," he said in a note Thursday.聽
This report by 好色tvwas first published April 30, 2026. 聽
Companies in this story: (TSX:BBD.B)
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