Business jet maker Bombardier Inc on Thursday raised 2025 revenue and free cash flow targets at its investor day and said it would produce more corporate planes, sending shares up 7.5% in late morning trade.
on Thursday raised 2025 revenue and free cash flow targets at its investor day and said it would produce more corporate planes, sending shares up 7.5% in late morning trade.on persistent strong demand for private flying in the U.S. But flatter global traffic, supply chain snags and fears of a recession remain concerns.
The company has been paying down debt and is targeting stronger free cash flow generation of more than $900 million in 2025 after being hit by a cash crunch while bringing new planes to market a decade earlier. Higher free cash flow in 2025 and an expected improvement in the company's credit rating to near investment grade levels would give Bombardier options for allocating capital. That could include reinvestment in its existing product lines, M&A, or launching a new aircraft, the company said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bombardier lifts 2025 financial targets amid strong business jet marketCanadian business jet maker Bombardier Inc on Thursday raised its 2025 revenue and free cash flow targets at its investor day, capitalizing on strong demand for private flights.
Consulte Mais informação »
Jakob Glesnes signs a new deal that keeps him with Union through 2025The 6-foot-2 Norwegian could also return on a team option in 2026. The centerback has played 105 games for the Union, and was last season's MLS defender of the year.
Consulte Mais informação »
Rivals.com - Three-Point Stance: 2025 standouts, Justin Scott, FCS upsets
Consulte Mais informação »
The Hurry-Up: Four-Star 2025 CB Jett White Says Ohio State Offer Ranks 'Near The Top' of His List and Four-Star 2025 Tight End Eli Owens Picks Up OSU OfferThe Hurry-Up: Four-star 2025 CB Jett White says Ohio State ranks 'near the top' for him after he received an offer Monday and OSU offers 4-star 2025 TE Eli Owens.
Consulte Mais informação »
South Korea to build world's largest Ferris wheel by 2025The futuristic structure will be located in Haneul Park and is meant to symbolize the unity of the Korean people in both North and South Korea.
Consulte Mais informação »
‘Smash’ Musical Plans to Come to Broadway in the 2024-2025 SeasonThe musical, based on the NBC television series, will be directed by 'The Producers' director Susan Stroman.
Consulte Mais informação »