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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (46631)	8/3/2018 8:40:41 AM
From: Goose94	Read Replies (1) of 203597

Bombardier (BBD.B-T) expects margins to improve in 2019, its chief financial officer said on Thursday, after the big industrial posted better than expected quarterly earnings. Bombardier improved operational efficiencies during the second quarter and used less cash as it transitions from an investment cycle to one focused on rising plane production. Bombardier's cash burn, a metric closely watched by analysts, was about $370-million in the second quarter, putting it on track to meet its 2018 break-even goal (all figures U.S.). It was a big improvement over expectations of $532-million. Bombardier is in the middle of a five-year turnaround plan through 2020, after spiralling costs at its C Series jetliner led to a cash crunch in 2015. Bombardier reported a 7-per-cent rise in earnings before interest, taxation, depreciation and amortization (EBITDA) to $336-million, beating the average analyst estimate of $287-million. CFO John Di Bert told analysts that he expects "margins to continue to improve into [2019]," without elaborating. Aug 2nd 2018 - NR Second Quarter Results web.tmxmoney.com

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