FINANCIAL RESULTS OF BOMBARDIER INC. FOR THE THIRD
QUARTER AND THE NINE MONTHS ENDED OCTOBER 31, 1999
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MONTREAL, QUEBEC--The consolidated revenues of Bombardier Inc. for
the quarter ended October 31, 1999 totalled $3.2 billion compared
with $2.6 billion for the same period last year. Net income for
the quarter, before restructuring charges, was $167.4 million, or
$0.24 per share, as against $125.5 million, or $0.17 per share,
for the quarter ended October 31, 1998. This excludes
restructuring charges of $33.7 million ($16.3 million after
taxes), mostly related to severance payments for the adjustment in
Bombardier Transportation's operations and workforce in Germany.
After restructuring charges, net income totalled $151.1 million,
or $0.21 per share.
For the nine months ended October 31, 1999, consolidated revenues
amounted to $9.2 billion compared with $7.5 billion for the same
period last year. Net income before restructuring charges for the
nine-month period reached $481.0 million, or $0.68 per share, as
against $360.3 million, or $0.50 per share, for the same period
last year. Restructuring charges in the third quarter reduced net
income for the nine months to $464.7 million, or $0.65 per share. |
