{"success":true,"data":{"pressRelease":{"id":"103250","rtpr_id":"nGNX4Lj15s","ticker":"BBDB","exchange":"TSX","all_tickers":["BBDB"],"title":"Bombardier Reports Significant Second-Quarter Free Cash Flow Growth and Strong Profitability as Backlog Lengthens","author":"Globe Newswire","published_at":"2026-07-30T10:30:00.661Z","article_body":"* Revenues grew 6% year-over-year to $2.15 billion, including a record\nServices contribution of $674 million, up 14% year-over-year; the Corporation\ndelivered 32 aircraft for the quarter.\n* Adjusted EBITDA((1)) reached $325 million, a 9% year-over-year improvement,\nwith an adjusted EBITDA margin((2)) of 15.1%, up 50 basis points. Reported\nEBIT was $225 million for the second quarter, up 10% year-over-year, with an\nEBIT margin((3)) of 10.5%, a 40 basis-point increase from the prior-year\nperiod.\n* Adjusted net income((1)) grew to $257 million, marking a $140 million\nyear-over-year increase, while reported net income((4)) remained stable at\n$191 million compared to $193 million in the prior-year period. Adjusted\nEPS((2)) reached $2.50 and diluted EPS((4)) was $1.84.\n* Free cash flow((1)) reached $228 million for the quarter, an increase of\n$392 million year-over-year, reflecting a significant improvement compared to\nsecond quarter of 2025. Cash flows from operating activities((4)) totaled $338\nmillion, compared with $128 million cash flow usage from operating\nactivities((4)) in the prior-year period, while net additions to PP&E and\nintangible assets((3)) increased by $74 million year-over-year to\n$110 million.\n* Backlog((5)) was $21.8 billion as at June 30, 2026, increasing by\n$4.3 billion compared with year-end 2025. Second quarter unit\nbook-to-bill((6)) of 1.5x driven by strong demand for the Global 8000.\n* Available liquidity((1)) remained strong at approximately $1.9 billion;\ncash and cash equivalents were $1.5 billion as at June 30, 2026. In\nsupport of its deleveraging efforts, the Corporation completed debt repayment\nand refinancing transactions, reducing debt by $356 million((7)), and leaving\nno debt maturities before November 2030.\n* Subsequent to quarter end, the Corporation entered into a new $750 million,\nfive-year committed secured revolving credit facility, replacing its previous\n$450 million facility.\n(All amounts in this press release are in U.S. dollars, unless otherwise\nindicated.Amounts in tables are in millions except per share amounts, unless\notherwise indicated. )\n\nMONTREAL, July 30, 2026 (GLOBE NEWSWIRE) -- Bombardier Inc. (TSX: BBD.B) today\nannounced solid financial results for the second quarter of 2026, reflecting\ncontinued execution towards its full-year guidance((8)). Supported by\nresilient market conditions and sustained demand across its portfolio, the\ncompany delivered revenue and earnings growth, while generating a significant\nyear-over-year improvement in free cash flow((1)). The company’s Services\nbusiness continued to drive revenue growth, while strong demand from both\ncivil and defense customers contributed to backlog((5)) growth, reaching $21.8\nbillion at quarter-end. Supported by sustained activity across its Defense\nbusiness and a robust pipeline of opportunities, the company remains on track\nto meet its raised 2026 guidance across all key metrics((8)). \n\n“Our impressive quarter demonstrates the power of a team executing its plan\nat the top of their game with the right strategy. Our profitability growth,\nrecord services revenue and robust free cash flow are all rooted in the\nquality of our team and their collective commitment to our customers,” said\nÉric Martel, President and Chief Executive Officer, Bombardier. “The Global\n8000 aircraft continues to perform at the top of its category in the skies and\nin the order books, reinforcing our leadership in business aviation. As our\nDefense business continues to expand in parallel, we remain focused on\ndelivering convenience and care to our customers no matter what platforms they\nfly around the world. Their continued confidence in our products, services and\npeople is reflected in our expanding backlog, giving us a solid foundation for\nsustained growth.”\n\nRevenue Growth Driven by Record Services Performance\n\nBombardier reported revenues of $2.15 billion for the second quarter of 2026,\nup 6% year-over-year, driven by a record Services contribution and 32 aircraft\ndeliveries. The company’s Services business delivered another standout\nquarter in Q2 2026 with an increase in revenues of 14% year-over-year,\ntotaling $674 million. Reflecting the strength of this growing business and\nBombardier’s continued commitment to its global aftermarket network, the\ncompany recently announced the expansion of its Singapore Service Centre,\nwhich is expected to nearly double the facility’s capacity when operations\nbegin in the second half of 2028((8)).\n\nDemand – specifically for the Global 8000 aircraft – drove a unit\nbook-to-bill((6)) of 1.5x for the quarter. Backlog((5)) reached $21.8 billion\nas at June 30, 2026, increasing by an impressive $4.3 billion compared with\nyear-end 2025.\n\nStrong Free Cash Flow((1)) Generation and Solid Earnings Performance\n\nFree cash flow((1)) for the second quarter of 2026 reached $228 million, an\nimprovement of $392 million compared to $164 million cash flow usage recorded\nin the second quarter of 2025. This strong performance was driven by a\nsignificant improvement in cash flows from operating activities((4)), which\nreached $338 million, compared to cash flow usage of $128 million in the\nprior-year period.\n\nNet additions to PP&E and intangible assets((3)) came in at $110 million,\nincreasing by $74 million year-over-year. \n\nBombardier reported net income((4)) of $191 million, compared to $193 million\nin the prior-year period. Adjusted net income((1)) reached $257 million, up\n$140 million from the same quarter in 2025. Adjusted EPS((2)) reached $2.50,\nwhile diluted EPS((4)) was $1.84.\n\nThe company generated adjusted EBITDA((1)) of $325 million in the quarter,\nincreasing 9% year-over-year, while adjusted EBITDA margin((2)) expanded by 50\nbasis points to 15.1%. Reported EBIT reached $225 million, resulting in an\nEBIT margin((3)) of 10.5%, an increase of 40 basis points year-over-year.\n\nContinued Debt Reduction and Strong Liquidity\n\nBombardier maintained a strong financial position during the quarter, with\navailable liquidity((1)) of approximately $1.9 billion and cash and cash\nequivalents of $1.5 billion as at June 30, 2026. During the quarter, the\ncompany continued to optimize its balance sheet through the full repayment of\nall outstanding $750 million 7.50% Senior Notes due 2029, the repayment of all\noutstanding $150 million CAD 7.35% debentures due December 2026 ($106\nmillion), funded through a combination of cash on hand and the issuance of a\n$500 million 5.875% new Senior Notes due 2035, resulting in a net debt\nreduction of $356 million((7)).\n\nDebt reduction of more than $1.1 billion year-to-date reduced the company’s\nadjusted net debt to adjusted EBITDA ratio((2)) to 1.6x as at June 30, 2026,\nnearing its target of approximately 1.5x((8)). Bombardier’s next debt\nmatures in November 2030. Today, the company announced a new $750 million\nfive-year secured revolving credit facility with a broad syndicate of leading\nfinancial institutions. The facility replaces Bombardier’s existing $450\nmillion revolving credit facility, enhancing financial flexibility and\nsupporting its long-term growth strategy.\n\n ((1))  (Non-GAAP financial measure. A non-GAAP financial measure is not a standardized financial measure under the financial reporting framework used to prepare our financial statements and might not be comparable to similar financial measures used by other      \n        issuers. Refer to the section entitled Caution regarding non-GAAP and other financial measures of this press release and to the Non-GAAP and other financial measures section in the Management Discussion & Analysis of the Corporation’s interim financial    \n        report for the quarter ended June 30, 2026 (\"MD&A\") for definitions of these metrics and reconciliations to the most comparable IFRS measures.)                                                                                                                 \n ((2))  (Non-GAAP financial ratio. A non-GAAP financial ratio is not a standardized financial measure under the financial reporting framework used to prepare our financial statements and might not be comparable to similar financial measures used by other issuers. \n        Refer to the section entitled Caution regarding non-GAAP and other financial measures of this press release and to the Non-GAAP and other financial measures section in the MD&A for definitions of these metrics and reconciliations to the most comparable    \n        IFRS measures.)                                                                                                                                                                                                                                                 \n ((3))  (Supplementary financial measure. Refer to the section entitled Caution regarding non-GAAP and other financial measures of this press release and to the Non-GAAP and other financial measures section in the MD&A for definitions of these metrics. )          \n ((4))  (Only from continuing operations.)                                                                                                                                                                                                                              \n ((5))  (Represents order backlog for both manufacturing and Services.)                                                                                                                                                                                                 \n ((6))  (Defined as net new aircraft orders in units over aircraft deliveries in units.)                                                                                                                                                                                \n ((7))  (Debt reduction based on notional amount.)                                                                                                                                                                                                                      \n ((8))  (Forward-looking statement. See the Forward-looking statements disclaimer in this press release and the Forward-looking statements - Assumptions section of the Management Discussion & Analysis of the Corporation's interim financial report for the quarter  \n        ended March 31, 2026 for details of some of the material assumptions on which the 2026 Guidance is based.)                                                                                                                                                      \n                                                                                                                                                                                                                                                                        \n\nSELECTED RESULTS\n\n Results of the quarter                                                                                                 \n Three-month periods ended June 30                           2026                        2025         Variance          \n Revenues                                           $        2,150               $       2,028               6      %   \n Adjusted EBITDA ((1))                              $        325                 $       297                 9      %   \n Adjusted EBITDA margin ((2))                                15.1     %                  14.6    %    50 bps            \n Adjusted EBIT ((1))                                $        225                 $       205                 10     %   \n Adjusted EBIT margin ((2))                                  10.5     %                  10.1    %    40 bps            \n EBIT                                               $        225                 $       205                 10     %   \n EBIT margin ((3))                                           10.5     %                  10.1    %    40 bps            \n Net income ((4))                                   $        191                 $       193          $      (2     )   \n Diluted EPS (in dollars) ((4))                     $        1.84                $       1.87         $      (0.03  )   \n Adjusted net income ((1))                          $        257                 $       117          $      140        \n Adjusted EPS (in dollars) ((2))                    $        2.50                $       1.11         $      1.39       \n Cash flows from operating activities ((4))         $        338                 $       (128    )    $      466        \n Net additions to PP&E and intangible assets ((3))  $        (110     )          $       (36     )    $      (74    )   \n Free cash flow (usage) ((1))                       $        228                 $       (164    )    $      392        \n                                                                                                                        \n As at                                              June 30, 2026        December 31, 2025            Variance          \n Cash and cash equivalents                          $        1,454               $       2,175        (33           )%  \n Available liquidity ((1))                          $        1,897               $       2,540        (25           )%  \n Order backlog (in billions of dollars) ((5))       $        21.8                $       17.5                25     %   \n                                                                                                                        \n\nbps: basis points\n\n ((1))  (Non-GAAP financial measure. A non-GAAP financial measure is not a standardized financial measure under the financial reporting framework used to prepare our financial statements and might not be comparable to similar financial measures used by other issuers. Refer to the section entitled Caution regarding non-GAAP and other financial measures of this press release and the Non-GAAP and other financial measures section in the MD&A for definitions of these metrics and reconciliations to the most          \n        comparable IFRS measures.)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  \n ((2))  (Non-GAAP financial ratio. A non-GAAP financial ratio is not a standardized financial measure under the financial reporting framework used to prepare our financial statements and might not be comparable to similar financial measures used by other issuers. Refer to the section entitled Caution regarding non-GAAP and other financial measures of this press release and to the Non-GAAP and other financial measures section in the MD&A for definitions of these metrics and reconciliations to the most comparable \n        IFRS measures.)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             \n ((3))  (Supplementary financial measure. Refer to the section entitled Caution regarding non-GAAP and other financial measures section of this press release and to the Non-GAAP and other financial measures section in the MD&A for definitions of these metrics.)                                                                                                                                                                                                                                                               \n ((4))  (Only from continuing operations.)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          \n ((5))  (Represents order backlog for both manufacturing and Services.)                                                                                                                                                                                                                                                                                                                                                                                                                                                             \n                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    \n\nAbout Bombardier \n\nAt Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s\nbest-performing aircraft for the world’s most discerning people and\nbusinesses, governments and militaries. That means not simply exceeding\nstandards, but understanding customers well enough to anticipate their\nunspoken needs.\n\nFor them, we are committed to pioneering the future of aviation—innovating\nto make flying more reliable, efficient and sustainable. And we are\npassionate about delivering unrivaled craftsmanship and care, giving our\ncustomers greater confidence and the elevated experience they deserve and\nexpect. Because people who shape the world will always need the most\nproductive and responsible ways to move through it. \n\nBombardier customers operate a fleet of more than 5,200 aircraft, supported by\na vast network of Bombardier team members worldwide and 10 service centres\nacross six countries. Bombardier’s performance-leading jets are proudly\nmanufactured in aerostructure, assembly and completion facilities in Canada,\nthe United States and Mexico. In 2024, Bombardier was honoured with the\nprestigious “Red Dot: Best of the Best” award for Brands and Communication\nDesign.\n\nFor Information \n\nFor corporate news and information, including\nBombardier’s Sustainability report, as well as the\ncompany’s initiative to cover all its flight operations with a Sustainable\nAviation Fuel (SAF) blend utilizing the Book-and-Claim system\nvisit bombardier.com\n(https://www.globenewswire.com/Tracker?data=mHzOmlPdMK3aVQra6h1LfFSN-oUCPy3Cf72k789mA0nS-8kyF3tijPKmtirwBj184B0MmYjXT8pO_g9qO6piaH587zHkjOVfVs2JYt-HGhs=). \n\nLearn more about Bombardier’s industry-leading products and customer service\nnetwork at bombardier.com\n(https://www.globenewswire.com/Tracker?data=mHzOmlPdMK3aVQra6h1LfL9kBWJMUaZQhy_IQ_RyTntzfcVjDLrpEdE8RuitwW341OtWNb9f59oflCfbFjprUWrCdE_fO0-1-HYkQl4R7Kc=).\nFollow us on X @Bombardier. \n\nBombardier and Global 8000 are trademarks of Bombardier Inc. or its\nsubsidiaries.\n\nMedia Contacts \nGeneral media contact webform\n(https://www.globenewswire.com/Tracker?data=CFEeWvzzLbNce6jT9eWJ0ugJUZNe_6LLU_XNpb7BAMkRzZybE_iQyPIbnI6L73aeB1pt9Gu-foFDWbqXXqes-5tr6_C2tp_UsX3M2wjV7AVpZGXOU-Xam3BiXnVet1d4rBSGZMXc9-rbrvwvoGBDbQ==)\n\n Francis Richer de La Flèche Vice President, Financial Planning and Investor Relations Bombardier +1 514 954-1715   Mark Masluch Senior Director, Communications Bombardier +1 514 855-7167  \n                                                                                                                                                                                             \n\nThe Management’s Discussion and Analysis and the Interim Consolidated\nFinancial Statements are available at ir.bombardier.com\n(https://www.globenewswire.com/Tracker?data=XXR377nfeiBRXHdWJYh1ix9xaP1BhtnisQGgIH2ffIBLcd58LXIEWnYLbPzDzoOBSgxCsYHtglV4CvqM-z_HMVw0UOK8-My5X43QQ57T4IU=).\n\nCAUTION REGARDING NON-GAAP AND OTHER FINANCIAL MEASURES\n\nThis press release is based on reported earnings in accordance with IFRS and\non the following non-GAAP and other financial measures:\n\n Non-GAAP and Other Financial Measures                                                                                                                                                                                    \n Non-GAAP Financial Measures                                                                                                                                                                                              \n Adjusted EBIT                                  EBIT excluding certain items which do not reflect the Corporation’s core performance or where their separate presentation will assist users of the consolidated financial \n                                                statements in understanding the Corporation’s results for the period. Such items include restructuring charges (reversals), loss (gain) related to disposal of business,  \n                                                impairment and program termination (reversals), certain one-time pension related items included in other expense (income) such as loss (gain) on pension annuity          \n                                                purchases, and non-commercial legal claims.                                                                                                                               \n Adjusted EBITDA                                Adjusted EBIT plus amortization charges on PP&E and intangible assets.                                                                                                    \n Adjusted net income (loss)                     Net income (loss) from continuing operations excluding restructuring charges (reversals), loss (gain) related to disposal of business, impairment and program termination \n                                                (reversals), certain one-time pension related items included in other expense (income) such as loss (gain) on pension annuity purchases, non-commercial legal claims,     \n                                                certain net gains and losses arising from changes in measurement of provisions and of financial instruments carried at FVTP&L, accretion on net retirement benefit        \n                                                obligations, losses (gains) on repayment of long-term debt, changes in discount rates of provisions and the related tax impacts of these items.                           \n Free cash flow (usage)                         Cash flows from operating activities - continuing operations less net additions to PP&E and intangible assets.                                                            \n Available liquidity                            Cash and cash equivalents, plus undrawn amounts under credit facilities.                                                                                                  \n Non-GAAP Financial Ratios                                                                                                                                                                                                \n Adjusted EPS                                   EPS calculated based on adjusted net income attributable to common equity holders of Bombardier Inc., using the treasury stock method, giving effect to the exercise of   \n                                                all dilutive elements.                                                                                                                                                    \n Adjusted EBIT margin                           Adjusted EBIT, as a percentage of total revenues.                                                                                                                         \n Adjusted EBITDA margin                         Adjusted EBITDA, as a percentage of total revenues.                                                                                                                       \n Adjusted net debt to adjusted EBITDA ratio     Adjusted net debt divided by adjusted EBITDA.                                                                                                                             \n Supplementary Financial Measures                                                                                                                                                                                         \n EBIT margin                                    EBIT, as a percentage of total revenues.                                                                                                                                  \n Net additions to PP&E and intangible assets    Additions to PP&E and intangible assets less proceeds from disposals of PP&E and intangible assets.                                                                       \n                                                                                                                                                                                                                          \n\nNon-GAAP and other financial measures are measures mainly derived from the\nconsolidated financial statements but are not standardized financial measures\nunder the financial reporting framework used to prepare our financial\nstatements. Therefore, these might not be comparable to similar non-GAAP and\nother financial measures used by other issuers. The exclusion of certain items\nfrom non-GAAP or other financial measures does not imply that these items are\nnecessarily non-recurring.\n\nAdjusted EBIT\nAdjusted EBIT is defined as the EBIT excluding certain items which do not\nreflect the Corporation’s core performance or where their separate\npresentation will assist users of the consolidated financial statements in\nunderstanding the Corporation’s results for the period. Such items include\nrestructuring charges (reversals)((1)), loss (gain) related to disposal of\nbusiness((2)), impairment and program termination (reversals)((3)), certain\none-time pension related items included in other expense (income) such as loss\n(gain) on pension annuity purchases, and non-commercial legal claims.\nManagement uses adjusted EBIT for purposes of evaluating underlying business\nperformance. Management believes presentation of this non-GAAP operating\nearnings measure in addition to IFRS measures provides users of our Financial\nReport with enhanced understanding of our results and related trends and\nincreases the transparency and clarity of the core results of our business.\nFor these reasons, a significant number of users of the MD&A analyze our\nresults based on this financial measure. Management believes this measure\nhelps users of the MD&A to better analyze results, enabling better\ncomparability of our results from one period to another and with peers.\n\nAdjusted EBITDA\nAdjusted EBITDA is defined as the EBIT excluding restructuring charges\n(reversals)((1)), loss (gain) related to disposal of business((2)), impairment\nand program termination (reversals)((3)), certain one-time pension related\nitems included in other expense (income) such as loss (gain) on pension\nannuity purchases, non-commercial legal claims, and amortization charges on\nPP&E and intangible assets. Management uses adjusted EBITDA for purposes of\nevaluating underlying business performance. Management believes this non-GAAP\noperating earnings measure in addition to IFRS measures provides users of our\nFinancial Report with enhanced understanding of our results and related trends\nand increases the transparency and clarity of the core results of our\nbusiness, since it excludes the effects of items that are usually associated\nwith investing or financing activities and items that do not reflect our core\nperformance or where their exclusion will assist users in understanding our\nresults for the period. For these reasons, a significant number of users of\nthe MD&A analyze our results based on this financial measure. Management\nbelieves this measure helps users of the MD&A to better analyze results,\nenabling better comparability of our results from one period to another and\nwith peers.\n\nAdjusted net income (loss)\nAdjusted net income (loss) is defined as the net income (loss) from continuing\noperations adjusted for certain specific items that are significant but are\nnot, based on management’s judgment, reflective of the\nCorporation’s underlying operations. These include adjustments related to\nrestructuring charges (reversals)((1)), loss (gain) related to disposal of\nbusiness((2)), impairment and program termination (reversals)((3)), certain\none-time pension related items included in other expense (income) such as loss\n(gain) on pension annuity purchases, non-commercial legal claims, certain net\ngains and losses arising from changes in measurement of provisions and of\nfinancial instruments carried at FVTP&L, accretion on net retirement benefit\nobligations, losses (gains) on repayment of long-term debt, changes in\ndiscount rates of provisions and the related tax impacts of these items.\nManagement uses adjusted net income (loss) for purposes of evaluating\nunderlying business performance. Management believes this non-GAAP earnings\nmeasure in addition to IFRS measures provides users of our Financial Report\nwith enhanced understanding of our results and related trends and increase the\ntransparency and clarity of the core results of our business. Adjusted net\nincome (loss) excludes items that do not reflect our core performance or where\ntheir exclusion will assist users in understanding our results for the period.\nFor these reasons, a significant number of users of the MD&A analyze our\nresults based on this financial measure. Management believes this measure\nhelps users of the MD&A to better analyze results, enabling better\ncomparability of our results from one period to another and with peers.\n\n ((1))  (Includes severance charges or related reversal, as well as curtailment losses (gains), if any.)                                                                        \n ((2))  (Includes changes in provisions related to past divestitures.)                                                                                                          \n ((3))  (Includes impairment or reversal of impairment of PP&E and intangible assets, as well as provisions related to program termination or their related reversal, if any.)  \n                                                                                                                                                                                \n\nFree cash flow (usage)\nFree cash flow (usage) is defined as cash flows from operating activities -\ncontinuing operations less net additions to PP&E and intangible assets.\nManagement believes that this non-GAAP cash flow measure provides investors\nwith an important perspective on the Corporation’s generation of cash\navailable for shareholders, debt repayment, and acquisitions after making the\ncapital investments required to support ongoing business operations and\nlong-term value creation. This non-GAAP cash flow measure does not represent\nthe residual cash flow available for discretionary expenditures as it excludes\ncertain mandatory expenditures such as repayment of maturing debt. Management\nuses free cash flow (usage) as a measure to assess both business performance\nand overall liquidity generation.\n\nAvailable liquidity\nAvailable liquidity is defined as cash and cash equivalents plus undrawn\namounts under credit facilities. Management believes that this non-GAAP\nfinancial measure provides investors with an important perspective on the\nCorporation’s ability to meet expected liquidity requirements, including the\nsupport of product development initiatives and to ensure financial\nflexibility. This measure does not have any standardized meaning prescribed by\nIFRS and therefore, may not be comparable to similar measures presented by\nother companies.\n\nAdjusted EPS\nAdjusted EPS is defined as the adjusted net income (loss) attributable to\ncommon equity holders of Bombardier Inc., divided by the weighted-average\ndiluted number of common shares for the period. Management uses adjusted EPS\nfor purposes of evaluating underlying business performance. Management\nbelieves this non-GAAP financial ratio in addition to IFRS measures provides\nusers of our Financial Report with enhanced understanding of our results and\nrelated trends and increases the transparency and clarity of the core results\nof our business. Adjusted EPS excludes items that do not reflect our core\nperformance or where their exclusion will assist users in understanding our\nresults for the period. For these reasons, a significant number of users of\nthe MD&A analyze our results based on this financial measure. Management\nbelieves this measure helps users of the MD&A to better analyze results,\nenabling better comparability of our results from one period to another and\nwith peers.\n\nAdjusted EBIT margin\nAdjusted EBIT margin is defined as the adjusted EBIT expressed as a percentage\nof total revenues. Management uses adjusted EBIT margin for purposes of\nevaluating underlying business performance. Management believes this non-GAAP\nfinancial ratio in addition to IFRS measures provides users of our Financial\nReport with enhanced understanding of our results and related trends and\nincreases the transparency and clarity of the core results of our business.\nAdjusted EBIT margin excludes items that do not reflect our core performance\nor where their exclusion will assist users in understanding our results for\nthe period. For these reasons, a significant number of users of the MD&A\nanalyze our results based on this financial measure. Management believes this\nmeasure helps users of the MD&A to better analyze results, enabling better\ncomparability of our results from one period to another and with peers.\n\nAdjusted EBITDA margin\nAdjusted EBITDA margin is defined as the adjusted EBITDA expressed as a\npercentage of total revenues. Management uses adjusted EBITDA margin for\npurposes of evaluating underlying business performance. Management believes\nthis non-GAAP financial ratio in addition to IFRS measures provides users of\nour Financial Report with enhanced understanding of our results and related\ntrends and increases the transparency and clarity of the core results of our\nbusiness. Adjusted EBITDA margin excludes items that do not reflect our core\nperformance or where their exclusion will assist users in understanding our\nresults for the period. For these reasons, a significant number of users of\nthe MD&A analyze our results based on this financial measure. Management\nbelieves this measure helps users of the MD&A to better analyze results,\nenabling better comparability of our results from one period to another and\nwith peers.\n\nAdjusted net debt to adjusted EBITDA ratio\nManagement uses adjusted net debt to adjusted EBITDA ratio as a useful credit\nmeasure for purposes of measuring the Corporation’s ability to service its\ndebt and other long-term obligations. This non-GAAP financial ratio does not\nhave any standardized meaning prescribed by IFRS and therefore, may not be\ncomparable to similar measures presented by other companies.\n\n Reconciliation of adjusted EBIT to EBIT and computation of adjusted EBIT margin                                               \n                       Three-month periods ended June 30                    Six-month periods ended June 30                    \n                               2026                            2025                 2026                            2025       \n EBIT                  $       225                     $       205          $       392                     $       382        \n Adjusted EBIT         $       225                     $       205          $       392                     $       382        \n Total revenues        $       2,150                   $       2,028        $       3,749                   $       3,550      \n Adjusted EBIT margin          10.5    %                       10.1    %            10.5    %                       10.8    %  \n                                                                                                                               \n\n\n\n Reconciliation of adjusted EBITDA to EBIT and computation of adjusted EBITDA margin                                             \n                         Three-month periods ended June 30                    Six-month periods ended June 30                    \n                                 2026                            2025                 2026                            2025       \n EBIT                    $       225                     $       205          $       392                     $       382        \n Amortization                    100                             92                   179                             163        \n Adjusted EBITDA         $       325                     $       297          $       571                     $       545        \n Total revenues          $       2,150                   $       2,028        $       3,749                   $       3,550      \n Adjusted EBITDA margin          15.1    %                       14.6    %            15.2    %                       15.4    %  \n                                                                                                                                 \n\n\n\n Reconciliation of adjusted net income to net income and computation of adjusted EPS                                                                              \n                                                                               Three-month periods ended June 30                                                  \n                                                                                    2026                                         2025                             \n                                                                               (per share)                             (per share)                                \n Net income from continuing operations                                         $    191                                     $    193                              \n Adjustments to net financing expense related to:                                                                                                                 \n Net gain on certain financial instruments                                          (2      )              (0.02  )              (128    )              (1.28  )  \n Accretion on net retirement benefit obligations                                    5                      0.05                  8                      0.08      \n Losses on repayments of long-term debt                                             64                     0.64                  44                     0.44      \n Changes in discount rates of provisions                                            (1      )              (0.01  )              —                      0.00      \n Adjusted net income                                                                257                                          117                              \n Preferred share dividends, including taxes                                         (7      )                                    (7      )                        \n Adjusted net income attributable to common equity holders of Bombardier Inc.  $    250                                     $    110                              \n Weighted-average diluted number of common shares (in thousands)                    99,932                                       99,511                           \n Adjusted EPS (in dollars)                                                     $    2.50                                    $    1.11                             \n                                                                                                                                                                  \n\n\n\n Reconciliation of adjusted EPS to diluted EPS (in dollars)                                                                   \n Three-month periods ended June 30                                                                                            \n                                                                    2026                                            2025      \n Diluted EPS from continuing operations            $                1.84                                     $      1.87      \n Adjustments to net financing expense related to:                                                                             \n Net gain on certain financial instruments                          (0.02            )                              (1.28  )  \n Accretion on net retirement benefit obligations                    0.05                                            0.08      \n Losses on repayments of long-term debt                             0.64                                            0.44      \n Changes in discount rates of provisions                            (0.01            )                              0.00      \n Adjusted EPS                                      $                2.50                                     $      1.11      \n                                                                                                                              \n\n\n\n Reconciliation of adjusted net income to net income and computation of adjusted EPS                                                                               \n                                                                               Six-month periods ended June 30                                                     \n                                                                                    2026                                          2025                             \n                                                                               (per share)                              (per share)                                \n Net income from continuing operations                                         $    244                                      $    237                              \n Adjustments to net financing expense related to:                                                                                                                  \n Net loss (gain) on certain financial instruments                                   27                      0.27                  (132    )              (1.33  )  \n Accretion on net retirement benefit obligations                                    10                      0.10                  14                     0.14      \n Losses on repayments of long-term debt                                             166                     1.66                  66                     0.66      \n Changes in discount rates of provisions                                            (1       )              (0.01  )              —                      0.00      \n Adjusted net income                                                                446                                           185                              \n Preferred share dividends, including taxes                                         (14      )                                    (14     )                        \n Adjusted net income attributable to common equity holders of Bombardier Inc.  $    432                                      $    171                              \n Weighted-average diluted number of common shares (in thousands)                    100,172                                       99,779                           \n Adjusted EPS (in dollars)                                                     $    4.31                                     $    1.71                             \n                                                                                                                                                                   \n\n\n\n Reconciliation of adjusted EPS to diluted EPS (in dollars)                                               \n Six-month periods ended June 30                                                                          \n                                                                    2026                        2025      \n Diluted EPS from continuing operations                      $      2.29                 $      2.24      \n Adjustments to net financing expense related to:                                                         \n Net loss (gain) on certain financial instruments                   0.27                        (1.33  )  \n Accretion on net retirement benefit obligations                    0.10                        0.14      \n Losses on repayments of long-term debt                             1.66                        0.66      \n Changes in discount rates of provisions                            (0.01  )                    0.00      \n Adjusted EPS                                                $      4.31                 $      1.71      \n                                                                                                          \n\n\n\n Reconciliation of free cash flow (usage) to cash flows from operating activities                                                                                      \n                                                               Three-month periods ended June 30                    Six-month periods ended June 30                    \n                                                                       2026                            2025                 2026                            2025       \n Cash flows from operating activities - continuing operations  $       338                     $       (128    )    $       731                     $       (399    )  \n Net additions to PP&E and intangible assets                           (110    )                       (36     )            (143    )                       (69     )  \n Free cash flow (usage)                                        $       228                     $       (164    )    $       588                     $       (468    )  \n                                                                                                                                                                       \n\n\n\n Reconciliation of available liquidity to cash and cash equivalents                                             \n As at                                                            June 30, 2026       December 31, 2025         \n Cash and cash equivalents                                        $        1,454              $       2,175     \n Undrawn amounts under available revolving credit facility ((1))           443                        365       \n Available liquidity                                              $        1,897              $       2,540     \n                                                                                                                \n\n\n\n Reconciliation of adjusted net debt to long-term debt and computation of adjusted net debt to adjusted EBITDA ratio                                             \n Four-quarter trailing periods ended                                                                                                                             \n                                             June 30, 2026                                            December 31, 2025                                          \n Long-term debt ((2))                        $                  4,053                                                    $                  5,154                \n Less: Cash and cash equivalents                                1,454                                                                       2,175                \n Adjusted net debt                           $                  2,599                                                    $                  2,979                \n Adjusted EBITDA                             $                  1,585                                                    $                  1,559                \n Adjusted net debt to adjusted EBITDA ratio                     1.6                                                                         1.9                  \n\n\n\n ((1))  (A committed secured revolving credit facility of $450 million which matures in 2029 and is available for cash drawings for the ongoing working capital needs of the Corporation and for issuance of performance letters of credit. This facility was undrawn as at June 30, 2026 and the availability as at such date was $443 million based on the collateral, which may vary from time to time.)   \n ((2))  (Includes current portion of long-term debt.)                                                                                                                                                                                                                                                                                                                                                         \n                                                                                                                                                                                                                                                                                                                                                                                                              \n\nFORWARD-LOOKING STATEMENTS DISCLAIMER\n\nThis press release contains forward-looking statements intended to assist\ninvestors in understanding our objectives, strategies, and future prospects,\nwhich may involve but are not limited to: statements with respect to our\nobjectives, anticipations and outlook or guidance in respect of various\nfinancial and global metrics and sources of contribution thereto, targets,\ngoals, priorities, market and strategies, financial position, financial\nperformance, market position, capabilities, competitive strengths, credit\nratings, beliefs, prospects, plans, expectations, anticipations, estimates and\nintentions; general economic and business outlook, prospects and trends of our\nindustry; customer value; expected demand for products and services; growth\nstrategies including, potential revenues and year-over-year growth generated\ntherefrom; product development, including projected design, characteristics,\ncapacity or performance; expected or scheduled entry-into-service of products\nand services, orders, deliveries, testing, lead times, certifications and\nexecution of orders in general; competitive position; expectations regarding\nrevenue and backlog mix; the expected impact of the legislative and regulatory\nenvironment and legal proceedings; strength of capital profile and balance\nsheet, creditworthiness, credit ratings, available liquidities and capital\nresources, expected financial requirements, capital allocation and deployment\nof excess liquidity and ongoing review of strategic and financial\nalternatives; the introduction and anticipated results of productivity\nenhancements and profitability initiatives, operational efficiencies\noptimizing the use of our manufacturing and services facilities, cost\nreduction and potential future restructuring initiatives, and anticipated\ncosts, intended benefits and timing thereof; the ability to continue business\ngrowth and cash generation; expectations, objectives and strategies regarding\ndebt repayment, refinancing of maturities and interest cost reduction;\ncompliance with restrictive debt covenants; expectations regarding the\ndeclaration and payment of dividends on our preferred shares; intentions and\nobjectives for our programs, assets and operations; expectations regarding the\navailability of government assistance programs; the impact of new, or\nexacerbation of existing global health, geopolitical or military events, or\ninternational trade disputes or renegotiation of existing trade arrangements,\non the foregoing and the effectiveness of our plans and measures in response\nthereto; and expectations regarding the strength of markets, economic\ndownturns or recession, and inflationary and supply chain pressures.\n\nIn addition, statements that “we believe” and similar statements reflect\nour beliefs and opinions on the relevant subject. These statements are based\non information available to us as of the date of this press release. While we\nbelieve that information provides a reasonable basis for these statements,\nthat information may be limited or incomplete. Our statements should not be\nread to indicate that we have conducted an exhaustive inquiry into, or review\nof all relevant information. These statements are inherently uncertain, and\ninvestors are cautioned not to unduly rely on these statements.\n\nForward-looking statements can generally be identified by the use of\nforward-looking terminology such as “may”, “will”, “shall”,\n“can”, “expect”, “estimate”, “intend”, “anticipate”,\n“plan”, “foresee”, “believe”, “continue”, “maintain” or\n“align”, the negative of these terms, variations of them or similar\nterminology. Forward-looking statements are presented for the purpose of\nassisting investors and others in understanding certain key elements of our\ncurrent objectives, strategic priorities, expectations, guidance, outlook and\nplans, and in obtaining a better understanding of our business and anticipated\noperating environment. Readers are cautioned that such information may not be\nappropriate for other purposes.\n\nBy their nature, forward-looking statements require management to make\nassumptions and are subject to important known and unknown risks and\nuncertainties, which may cause our actual results in future periods to differ\nmaterially from forecast results set forth in forward-looking statements.\nWhile management considers these assumptions to be reasonable and appropriate\nbased on information currently available, there is risk that they may not be\naccurate. The assumptions underlying the forward-looking statements made in\nthis press release include the following: alignment of production rates to\nmarket demand, including the supply base supporting our product development\nand production rates in a commercially acceptable and timely manner;\ndeployment and execution of growth strategies, including our Services,\nPre-owned and Defense businesses; and mitigation of international trade\ndisputes and protection measures (including tariffs), changes to existing\ntrade agreements. For additional information about these and other assumptions\nunderlying the forward-looking statements made in this press release, refer to\nthe Forward-looking statements - Assumptions section in the Management\nDiscussion & Analysis of the Corporation’s interim financial report for the\nquarter ended March 31, 2026. Given the impact of the changing circumstances\nsurrounding new or continuing global health, geopolitical and military events,\nand new or threatened international protectionist trade policies or measures,\nas well as the related response from the Corporation, governments (federal,\nprovincial and municipal, both domestic, foreign and multinational\ninter-governmental organizations), regulatory authorities, businesses,\nsuppliers, customers, counterparties and third-party service providers, there\nis an inherently higher degree of uncertainty associated with the\nCorporation’s assumptions.\n\nCertain factors that could cause actual results to differ materially from\nthose anticipated in the forward-looking statements include, but are not\nlimited to: operational risks (such as risks related to business development\nand growth; order backlog; deployment and execution of our strategy, including\ncost reductions and working capital improvements and manufacturing and\nproductivity enhancement initiatives; developing new products and services,\nincluding technological innovation and disruption; the certification of\nproducts and services; pressures meeting aircraft delivery schedules and on\ncash flows and capital expenditures, including due to seasonality and\ncyclicality; doing business with partners; product performance warranty and\ncasualty claim losses; environmental, health and safety concerns and\nregulations; dependence on a limited number of contracts, customers and\nsuppliers; supply chain risks; human resources risks including the departure\nof senior executives, the global availability of a skilled workforce, and the\nfailure to attract and retain quality employees; reliance on information\nsystems (including technology vulnerabilities, cybersecurity threats and\nprivacy breaches); reliance on and protection of intellectual property rights;\nreputation risks; scrutiny and perception gaps regarding sustainability and\ncorporate social responsibility matters; adequacy of insurance coverage;\nacquisitions; risk management; and tax matters); financing risks (such as\nrisks related to liquidity and access to capital markets; substantial debt and\ninterest payment requirements, including execution of debt management and\ninterest cost reduction strategies; restrictive and financial debt covenants;\nretirement benefit plan risk; exposure to credit risk; and availability of\ngovernment support); risks related to regulatory and legal proceedings, as\nwell as changes in laws and regulations; risks associated with general\neconomic conditions and disruptions, both regionally and globally, that may\nimpact our sales and operations; business environment risks (such as risks\nassociated with the financial condition of business aircraft customers; trade\npolicy; governmental disruptions; increased competition; political instability\nand geopolitical tensions; financial and economic sanctions and trade control\nlimitations; global climate change; and force majeure events); market risks\n(such as foreign currency fluctuations and changing interest rates, including\nour ability to hedge exposures thereto; increases in commodity prices; and\ninflation); and other unforeseen adverse events. For more details, refer to\nthe Risks and uncertainties section in Other in the MD&A and in the Management\nDiscussion & Analysis of the Corporation’s Financial Report for the fiscal\nyear ended December 31, 2025. Any one or more of the foregoing factors may be\nexacerbated by new or continuing global health, geopolitical or military\nevents, or new or exacerbated international trade disputes or renegotiation of\nexisting trade arrangements, which may have a significantly more severe impact\non the Corporation’s business, results of operations and financial condition\nthan in the absence of such events.\n\nReaders are cautioned that the foregoing list of factors that may affect\nfuture growth, results and performance is not exhaustive and undue reliance\nshould not be placed on forward-looking statements. Other risks and\nuncertainties not presently known to us or that we presently believe are not\nmaterial could also cause actual results or events to differ materially from\nthose expressed or implied in our forward-looking statements. The\nforward-looking statements set forth herein reflect management’s\nexpectations as at the date of this press release and are subject to change\nafter such date. Unless otherwise required by applicable securities laws, we\nexpressly disclaim any intention, and assume no obligation to update or revise\nany forward-looking statements, whether as a result of new information, future\nevents or otherwise. The forward-looking statements contained in this press\nrelease are expressly qualified by this cautionary statement. Any financial\noutlook provided herein is for the purpose of assisting investors in\nunderstanding management’s objectives and may not be appropriate for other\npurposes.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/17388364-7e8b-4836-8d73-8c21f3f49b4e)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX4Lj15s","title":"Bombardier Reports Significant Second-Quarter Free Cash Flow Growth and Strong Profitability as Backlog Lengthens","author":"Globe Newswire","ticker":"BBDB","created":"2026-07-30T10:30:00.661Z","tickers":["BBDB"],"exchange":"TSX","article_body":"* Revenues grew 6% year-over-year to $2.15 billion, including a record\nServices contribution of $674 million, up 14% year-over-year; the Corporation\ndelivered 32 aircraft for the quarter.\n* Adjusted EBITDA((1)) reached $325 million, a 9% year-over-year improvement,\nwith an adjusted EBITDA margin((2)) of 15.1%, up 50 basis points. Reported\nEBIT was $225 million for the second quarter, up 10% year-over-year, with an\nEBIT margin((3)) of 10.5%, a 40 basis-point increase from the prior-year\nperiod.\n* Adjusted net income((1)) grew to $257 million, marking a $140 million\nyear-over-year increase, while reported net income((4)) remained stable at\n$191 million compared to $193 million in the prior-year period. Adjusted\nEPS((2)) reached $2.50 and diluted EPS((4)) was $1.84.\n* Free cash flow((1)) reached $228 million for the quarter, an increase of\n$392 million year-over-year, reflecting a significant improvement compared to\nsecond quarter of 2025. Cash flows from operating activities((4)) totaled $338\nmillion, compared with $128 million cash flow usage from operating\nactivities((4)) in the prior-year period, while net additions to PP&E and\nintangible assets((3)) increased by $74 million year-over-year to\n$110 million.\n* Backlog((5)) was $21.8 billion as at June 30, 2026, increasing by\n$4.3 billion compared with year-end 2025. Second quarter unit\nbook-to-bill((6)) of 1.5x driven by strong demand for the Global 8000.\n* Available liquidity((1)) remained strong at approximately $1.9 billion;\ncash and cash equivalents were $1.5 billion as at June 30, 2026. In\nsupport of its deleveraging efforts, the Corporation completed debt repayment\nand refinancing transactions, reducing debt by $356 million((7)), and leaving\nno debt maturities before November 2030.\n* Subsequent to quarter end, the Corporation entered into a new $750 million,\nfive-year committed secured revolving credit facility, replacing its previous\n$450 million facility.\n(All amounts in this press release are in U.S. dollars, unless otherwise\nindicated.Amounts in tables are in millions except per share amounts, unless\notherwise indicated. )\n\nMONTREAL, July 30, 2026 (GLOBE NEWSWIRE) -- Bombardier Inc. (TSX: BBD.B) today\nannounced solid financial results for the second quarter of 2026, reflecting\ncontinued execution towards its full-year guidance((8)). Supported by\nresilient market conditions and sustained demand across its portfolio, the\ncompany delivered revenue and earnings growth, while generating a significant\nyear-over-year improvement in free cash flow((1)). The company’s Services\nbusiness continued to drive revenue growth, while strong demand from both\ncivil and defense customers contributed to backlog((5)) growth, reaching $21.8\nbillion at quarter-end. Supported by sustained activity across its Defense\nbusiness and a robust pipeline of opportunities, the company remains on track\nto meet its raised 2026 guidance across all key metrics((8)). \n\n“Our impressive quarter demonstrates the power of a team executing its plan\nat the top of their game with the right strategy. Our profitability growth,\nrecord services revenue and robust free cash flow are all rooted in the\nquality of our team and their collective commitment to our customers,” said\nÉric Martel, President and Chief Executive Officer, Bombardier. “The Global\n8000 aircraft continues to perform at the top of its category in the skies and\nin the order books, reinforcing our leadership in business aviation. As our\nDefense business continues to expand in parallel, we remain focused on\ndelivering convenience and care to our customers no matter what platforms they\nfly around the world. Their continued confidence in our products, services and\npeople is reflected in our expanding backlog, giving us a solid foundation for\nsustained growth.”\n\nRevenue Growth Driven by Record Services Performance\n\nBombardier reported revenues of $2.15 billion for the second quarter of 2026,\nup 6% year-over-year, driven by a record Services contribution and 32 aircraft\ndeliveries. The company’s Services business delivered another standout\nquarter in Q2 2026 with an increase in revenues of 14% year-over-year,\ntotaling $674 million. Reflecting the strength of this growing business and\nBombardier’s continued commitment to its global aftermarket network, the\ncompany recently announced the expansion of its Singapore Service Centre,\nwhich is expected to nearly double the facility’s capacity when operations\nbegin in the second half of 2028((8)).\n\nDemand – specifically for the Global 8000 aircraft – drove a unit\nbook-to-bill((6)) of 1.5x for the quarter. Backlog((5)) reached $21.8 billion\nas at June 30, 2026, increasing by an impressive $4.3 billion compared with\nyear-end 2025.\n\nStrong Free Cash Flow((1)) Generation and Solid Earnings Performance\n\nFree cash flow((1)) for the second quarter of 2026 reached $228 million, an\nimprovement of $392 million compared to $164 million cash flow usage recorded\nin the second quarter of 2025. This strong performance was driven by a\nsignificant improvement in cash flows from operating activities((4)), which\nreached $338 million, compared to cash flow usage of $128 million in the\nprior-year period.\n\nNet additions to PP&E and intangible assets((3)) came in at $110 million,\nincreasing by $74 million year-over-year. \n\nBombardier reported net income((4)) of $191 million, compared to $193 million\nin the prior-year period. Adjusted net income((1)) reached $257 million, up\n$140 million from the same quarter in 2025. Adjusted EPS((2)) reached $2.50,\nwhile diluted EPS((4)) was $1.84.\n\nThe company generated adjusted EBITDA((1)) of $325 million in the quarter,\nincreasing 9% year-over-year, while adjusted EBITDA margin((2)) expanded by 50\nbasis points to 15.1%. Reported EBIT reached $225 million, resulting in an\nEBIT margin((3)) of 10.5%, an increase of 40 basis points year-over-year.\n\nContinued Debt Reduction and Strong Liquidity\n\nBombardier maintained a strong financial position during the quarter, with\navailable liquidity((1)) of approximately $1.9 billion and cash and cash\nequivalents of $1.5 billion as at June 30, 2026. During the quarter, the\ncompany continued to optimize its balance sheet through the full repayment of\nall outstanding $750 million 7.50% Senior Notes due 2029, the repayment of all\noutstanding $150 million CAD 7.35% debentures due December 2026 ($106\nmillion), funded through a combination of cash on hand and the issuance of a\n$500 million 5.875% new Senior Notes due 2035, resulting in a net debt\nreduction of $356 million((7)).\n\nDebt reduction of more than $1.1 billion year-to-date reduced the company’s\nadjusted net debt to adjusted EBITDA ratio((2)) to 1.6x as at June 30, 2026,\nnearing its target of approximately 1.5x((8)). Bombardier’s next debt\nmatures in November 2030. Today, the company announced a new $750 million\nfive-year secured revolving credit facility with a broad syndicate of leading\nfinancial institutions. The facility replaces Bombardier’s existing $450\nmillion revolving credit facility, enhancing financial flexibility and\nsupporting its long-term growth strategy.\n\n ((1))  (Non-GAAP financial measure. A non-GAAP financial measure is not a standardized financial measure under the financial reporting framework used to prepare our financial statements and might not be comparable to similar financial measures used by other      \n        issuers. Refer to the section entitled Caution regarding non-GAAP and other financial measures of this press release and to the Non-GAAP and other financial measures section in the Management Discussion & Analysis of the Corporation’s interim financial    \n        report for the quarter ended June 30, 2026 (\"MD&A\") for definitions of these metrics and reconciliations to the most comparable IFRS measures.)                                                                                                                 \n ((2))  (Non-GAAP financial ratio. A non-GAAP financial ratio is not a standardized financial measure under the financial reporting framework used to prepare our financial statements and might not be comparable to similar financial measures used by other issuers. \n        Refer to the section entitled Caution regarding non-GAAP and other financial measures of this press release and to the Non-GAAP and other financial measures section in the MD&A for definitions of these metrics and reconciliations to the most comparable    \n        IFRS measures.)                                                                                                                                                                                                                                                 \n ((3))  (Supplementary financial measure. Refer to the section entitled Caution regarding non-GAAP and other financial measures of this press release and to the Non-GAAP and other financial measures section in the MD&A for definitions of these metrics. )          \n ((4))  (Only from continuing operations.)                                                                                                                                                                                                                              \n ((5))  (Represents order backlog for both manufacturing and Services.)                                                                                                                                                                                                 \n ((6))  (Defined as net new aircraft orders in units over aircraft deliveries in units.)                                                                                                                                                                                \n ((7))  (Debt reduction based on notional amount.)                                                                                                                                                                                                                      \n ((8))  (Forward-looking statement. See the Forward-looking statements disclaimer in this press release and the Forward-looking statements - Assumptions section of the Management Discussion & Analysis of the Corporation's interim financial report for the quarter  \n        ended March 31, 2026 for details of some of the material assumptions on which the 2026 Guidance is based.)                                                                                                                                                      \n                                                                                                                                                                                                                                                                        \n\nSELECTED RESULTS\n\n Results of the quarter                                                                                                 \n Three-month periods ended June 30                           2026                        2025         Variance          \n Revenues                                           $        2,150               $       2,028               6      %   \n Adjusted EBITDA ((1))                              $        325                 $       297                 9      %   \n Adjusted EBITDA margin ((2))                                15.1     %                  14.6    %    50 bps            \n Adjusted EBIT ((1))                                $        225                 $       205                 10     %   \n Adjusted EBIT margin ((2))                                  10.5     %                  10.1    %    40 bps            \n EBIT                                               $        225                 $       205                 10     %   \n EBIT margin ((3))                                           10.5     %                  10.1    %    40 bps            \n Net income ((4))                                   $        191                 $       193          $      (2     )   \n Diluted EPS (in dollars) ((4))                     $        1.84                $       1.87         $      (0.03  )   \n Adjusted net income ((1))                          $        257                 $       117          $      140        \n Adjusted EPS (in dollars) ((2))                    $        2.50                $       1.11         $      1.39       \n Cash flows from operating activities ((4))         $        338                 $       (128    )    $      466        \n Net additions to PP&E and intangible assets ((3))  $        (110     )          $       (36     )    $      (74    )   \n Free cash flow (usage) ((1))                       $        228                 $       (164    )    $      392        \n                                                                                                                        \n As at                                              June 30, 2026        December 31, 2025            Variance          \n Cash and cash equivalents                          $        1,454               $       2,175        (33           )%  \n Available liquidity ((1))                          $        1,897               $       2,540        (25           )%  \n Order backlog (in billions of dollars) ((5))       $        21.8                $       17.5                25     %   \n                                                                                                                        \n\nbps: basis points\n\n ((1))  (Non-GAAP financial measure. A non-GAAP financial measure is not a standardized financial measure under the financial reporting framework used to prepare our financial statements and might not be comparable to similar financial measures used by other issuers. Refer to the section entitled Caution regarding non-GAAP and other financial measures of this press release and the Non-GAAP and other financial measures section in the MD&A for definitions of these metrics and reconciliations to the most          \n        comparable IFRS measures.)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  \n ((2))  (Non-GAAP financial ratio. A non-GAAP financial ratio is not a standardized financial measure under the financial reporting framework used to prepare our financial statements and might not be comparable to similar financial measures used by other issuers. Refer to the section entitled Caution regarding non-GAAP and other financial measures of this press release and to the Non-GAAP and other financial measures section in the MD&A for definitions of these metrics and reconciliations to the most comparable \n        IFRS measures.)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             \n ((3))  (Supplementary financial measure. Refer to the section entitled Caution regarding non-GAAP and other financial measures section of this press release and to the Non-GAAP and other financial measures section in the MD&A for definitions of these metrics.)                                                                                                                                                                                                                                                               \n ((4))  (Only from continuing operations.)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          \n ((5))  (Represents order backlog for both manufacturing and Services.)                                                                                                                                                                                                                                                                                                                                                                                                                                                             \n                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    \n\nAbout Bombardier \n\nAt Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s\nbest-performing aircraft for the world’s most discerning people and\nbusinesses, governments and militaries. That means not simply exceeding\nstandards, but understanding customers well enough to anticipate their\nunspoken needs.\n\nFor them, we are committed to pioneering the future of aviation—innovating\nto make flying more reliable, efficient and sustainable. And we are\npassionate about delivering unrivaled craftsmanship and care, giving our\ncustomers greater confidence and the elevated experience they deserve and\nexpect. Because people who shape the world will always need the most\nproductive and responsible ways to move through it. \n\nBombardier customers operate a fleet of more than 5,200 aircraft, supported by\na vast network of Bombardier team members worldwide and 10 service centres\nacross six countries. Bombardier’s performance-leading jets are proudly\nmanufactured in aerostructure, assembly and completion facilities in Canada,\nthe United States and Mexico. In 2024, Bombardier was honoured with the\nprestigious “Red Dot: Best of the Best” award for Brands and Communication\nDesign.\n\nFor Information \n\nFor corporate news and information, including\nBombardier’s Sustainability report, as well as the\ncompany’s initiative to cover all its flight operations with a Sustainable\nAviation Fuel (SAF) blend utilizing the Book-and-Claim system\nvisit bombardier.com\n(https://www.globenewswire.com/Tracker?data=mHzOmlPdMK3aVQra6h1LfFSN-oUCPy3Cf72k789mA0nS-8kyF3tijPKmtirwBj184B0MmYjXT8pO_g9qO6piaH587zHkjOVfVs2JYt-HGhs=). \n\nLearn more about Bombardier’s industry-leading products and customer service\nnetwork at bombardier.com\n(https://www.globenewswire.com/Tracker?data=mHzOmlPdMK3aVQra6h1LfL9kBWJMUaZQhy_IQ_RyTntzfcVjDLrpEdE8RuitwW341OtWNb9f59oflCfbFjprUWrCdE_fO0-1-HYkQl4R7Kc=).\nFollow us on X @Bombardier. \n\nBombardier and Global 8000 are trademarks of Bombardier Inc. or its\nsubsidiaries.\n\nMedia Contacts \nGeneral media contact webform\n(https://www.globenewswire.com/Tracker?data=CFEeWvzzLbNce6jT9eWJ0ugJUZNe_6LLU_XNpb7BAMkRzZybE_iQyPIbnI6L73aeB1pt9Gu-foFDWbqXXqes-5tr6_C2tp_UsX3M2wjV7AVpZGXOU-Xam3BiXnVet1d4rBSGZMXc9-rbrvwvoGBDbQ==)\n\n Francis Richer de La Flèche Vice President, Financial Planning and Investor Relations Bombardier +1 514 954-1715   Mark Masluch Senior Director, Communications Bombardier +1 514 855-7167  \n                                                                                                                                                                                             \n\nThe Management’s Discussion and Analysis and the Interim Consolidated\nFinancial Statements are available at ir.bombardier.com\n(https://www.globenewswire.com/Tracker?data=XXR377nfeiBRXHdWJYh1ix9xaP1BhtnisQGgIH2ffIBLcd58LXIEWnYLbPzDzoOBSgxCsYHtglV4CvqM-z_HMVw0UOK8-My5X43QQ57T4IU=).\n\nCAUTION REGARDING NON-GAAP AND OTHER FINANCIAL MEASURES\n\nThis press release is based on reported earnings in accordance with IFRS and\non the following non-GAAP and other financial measures:\n\n Non-GAAP and Other Financial Measures                                                                                                                                                                                    \n Non-GAAP Financial Measures                                                                                                                                                                                              \n Adjusted EBIT                                  EBIT excluding certain items which do not reflect the Corporation’s core performance or where their separate presentation will assist users of the consolidated financial \n                                                statements in understanding the Corporation’s results for the period. Such items include restructuring charges (reversals), loss (gain) related to disposal of business,  \n                                                impairment and program termination (reversals), certain one-time pension related items included in other expense (income) such as loss (gain) on pension annuity          \n                                                purchases, and non-commercial legal claims.                                                                                                                               \n Adjusted EBITDA                                Adjusted EBIT plus amortization charges on PP&E and intangible assets.                                                                                                    \n Adjusted net income (loss)                     Net income (loss) from continuing operations excluding restructuring charges (reversals), loss (gain) related to disposal of business, impairment and program termination \n                                                (reversals), certain one-time pension related items included in other expense (income) such as loss (gain) on pension annuity purchases, non-commercial legal claims,     \n                                                certain net gains and losses arising from changes in measurement of provisions and of financial instruments carried at FVTP&L, accretion on net retirement benefit        \n                                                obligations, losses (gains) on repayment of long-term debt, changes in discount rates of provisions and the related tax impacts of these items.                           \n Free cash flow (usage)                         Cash flows from operating activities - continuing operations less net additions to PP&E and intangible assets.                                                            \n Available liquidity                            Cash and cash equivalents, plus undrawn amounts under credit facilities.                                                                                                  \n Non-GAAP Financial Ratios                                                                                                                                                                                                \n Adjusted EPS                                   EPS calculated based on adjusted net income attributable to common equity holders of Bombardier Inc., using the treasury stock method, giving effect to the exercise of   \n                                                all dilutive elements.                                                                                                                                                    \n Adjusted EBIT margin                           Adjusted EBIT, as a percentage of total revenues.                                                                                                                         \n Adjusted EBITDA margin                         Adjusted EBITDA, as a percentage of total revenues.                                                                                                                       \n Adjusted net debt to adjusted EBITDA ratio     Adjusted net debt divided by adjusted EBITDA.                                                                                                                             \n Supplementary Financial Measures                                                                                                                                                                                         \n EBIT margin                                    EBIT, as a percentage of total revenues.                                                                                                                                  \n Net additions to PP&E and intangible assets    Additions to PP&E and intangible assets less proceeds from disposals of PP&E and intangible assets.                                                                       \n                                                                                                                                                                                                                          \n\nNon-GAAP and other financial measures are measures mainly derived from the\nconsolidated financial statements but are not standardized financial measures\nunder the financial reporting framework used to prepare our financial\nstatements. Therefore, these might not be comparable to similar non-GAAP and\nother financial measures used by other issuers. The exclusion of certain items\nfrom non-GAAP or other financial measures does not imply that these items are\nnecessarily non-recurring.\n\nAdjusted EBIT\nAdjusted EBIT is defined as the EBIT excluding certain items which do not\nreflect the Corporation’s core performance or where their separate\npresentation will assist users of the consolidated financial statements in\nunderstanding the Corporation’s results for the period. Such items include\nrestructuring charges (reversals)((1)), loss (gain) related to disposal of\nbusiness((2)), impairment and program termination (reversals)((3)), certain\none-time pension related items included in other expense (income) such as loss\n(gain) on pension annuity purchases, and non-commercial legal claims.\nManagement uses adjusted EBIT for purposes of evaluating underlying business\nperformance. Management believes presentation of this non-GAAP operating\nearnings measure in addition to IFRS measures provides users of our Financial\nReport with enhanced understanding of our results and related trends and\nincreases the transparency and clarity of the core results of our business.\nFor these reasons, a significant number of users of the MD&A analyze our\nresults based on this financial measure. Management believes this measure\nhelps users of the MD&A to better analyze results, enabling better\ncomparability of our results from one period to another and with peers.\n\nAdjusted EBITDA\nAdjusted EBITDA is defined as the EBIT excluding restructuring charges\n(reversals)((1)), loss (gain) related to disposal of business((2)), impairment\nand program termination (reversals)((3)), certain one-time pension related\nitems included in other expense (income) such as loss (gain) on pension\nannuity purchases, non-commercial legal claims, and amortization charges on\nPP&E and intangible assets. Management uses adjusted EBITDA for purposes of\nevaluating underlying business performance. Management believes this non-GAAP\noperating earnings measure in addition to IFRS measures provides users of our\nFinancial Report with enhanced understanding of our results and related trends\nand increases the transparency and clarity of the core results of our\nbusiness, since it excludes the effects of items that are usually associated\nwith investing or financing activities and items that do not reflect our core\nperformance or where their exclusion will assist users in understanding our\nresults for the period. For these reasons, a significant number of users of\nthe MD&A analyze our results based on this financial measure. Management\nbelieves this measure helps users of the MD&A to better analyze results,\nenabling better comparability of our results from one period to another and\nwith peers.\n\nAdjusted net income (loss)\nAdjusted net income (loss) is defined as the net income (loss) from continuing\noperations adjusted for certain specific items that are significant but are\nnot, based on management’s judgment, reflective of the\nCorporation’s underlying operations. These include adjustments related to\nrestructuring charges (reversals)((1)), loss (gain) related to disposal of\nbusiness((2)), impairment and program termination (reversals)((3)), certain\none-time pension related items included in other expense (income) such as loss\n(gain) on pension annuity purchases, non-commercial legal claims, certain net\ngains and losses arising from changes in measurement of provisions and of\nfinancial instruments carried at FVTP&L, accretion on net retirement benefit\nobligations, losses (gains) on repayment of long-term debt, changes in\ndiscount rates of provisions and the related tax impacts of these items.\nManagement uses adjusted net income (loss) for purposes of evaluating\nunderlying business performance. Management believes this non-GAAP earnings\nmeasure in addition to IFRS measures provides users of our Financial Report\nwith enhanced understanding of our results and related trends and increase the\ntransparency and clarity of the core results of our business. Adjusted net\nincome (loss) excludes items that do not reflect our core performance or where\ntheir exclusion will assist users in understanding our results for the period.\nFor these reasons, a significant number of users of the MD&A analyze our\nresults based on this financial measure. Management believes this measure\nhelps users of the MD&A to better analyze results, enabling better\ncomparability of our results from one period to another and with peers.\n\n ((1))  (Includes severance charges or related reversal, as well as curtailment losses (gains), if any.)                                                                        \n ((2))  (Includes changes in provisions related to past divestitures.)                                                                                                          \n ((3))  (Includes impairment or reversal of impairment of PP&E and intangible assets, as well as provisions related to program termination or their related reversal, if any.)  \n                                                                                                                                                                                \n\nFree cash flow (usage)\nFree cash flow (usage) is defined as cash flows from operating activities -\ncontinuing operations less net additions to PP&E and intangible assets.\nManagement believes that this non-GAAP cash flow measure provides investors\nwith an important perspective on the Corporation’s generation of cash\navailable for shareholders, debt repayment, and acquisitions after making the\ncapital investments required to support ongoing business operations and\nlong-term value creation. This non-GAAP cash flow measure does not represent\nthe residual cash flow available for discretionary expenditures as it excludes\ncertain mandatory expenditures such as repayment of maturing debt. Management\nuses free cash flow (usage) as a measure to assess both business performance\nand overall liquidity generation.\n\nAvailable liquidity\nAvailable liquidity is defined as cash and cash equivalents plus undrawn\namounts under credit facilities. Management believes that this non-GAAP\nfinancial measure provides investors with an important perspective on the\nCorporation’s ability to meet expected liquidity requirements, including the\nsupport of product development initiatives and to ensure financial\nflexibility. This measure does not have any standardized meaning prescribed by\nIFRS and therefore, may not be comparable to similar measures presented by\nother companies.\n\nAdjusted EPS\nAdjusted EPS is defined as the adjusted net income (loss) attributable to\ncommon equity holders of Bombardier Inc., divided by the weighted-average\ndiluted number of common shares for the period. Management uses adjusted EPS\nfor purposes of evaluating underlying business performance. Management\nbelieves this non-GAAP financial ratio in addition to IFRS measures provides\nusers of our Financial Report with enhanced understanding of our results and\nrelated trends and increases the transparency and clarity of the core results\nof our business. Adjusted EPS excludes items that do not reflect our core\nperformance or where their exclusion will assist users in understanding our\nresults for the period. For these reasons, a significant number of users of\nthe MD&A analyze our results based on this financial measure. Management\nbelieves this measure helps users of the MD&A to better analyze results,\nenabling better comparability of our results from one period to another and\nwith peers.\n\nAdjusted EBIT margin\nAdjusted EBIT margin is defined as the adjusted EBIT expressed as a percentage\nof total revenues. Management uses adjusted EBIT margin for purposes of\nevaluating underlying business performance. Management believes this non-GAAP\nfinancial ratio in addition to IFRS measures provides users of our Financial\nReport with enhanced understanding of our results and related trends and\nincreases the transparency and clarity of the core results of our business.\nAdjusted EBIT margin excludes items that do not reflect our core performance\nor where their exclusion will assist users in understanding our results for\nthe period. For these reasons, a significant number of users of the MD&A\nanalyze our results based on this financial measure. Management believes this\nmeasure helps users of the MD&A to better analyze results, enabling better\ncomparability of our results from one period to another and with peers.\n\nAdjusted EBITDA margin\nAdjusted EBITDA margin is defined as the adjusted EBITDA expressed as a\npercentage of total revenues. Management uses adjusted EBITDA margin for\npurposes of evaluating underlying business performance. Management believes\nthis non-GAAP financial ratio in addition to IFRS measures provides users of\nour Financial Report with enhanced understanding of our results and related\ntrends and increases the transparency and clarity of the core results of our\nbusiness. Adjusted EBITDA margin excludes items that do not reflect our core\nperformance or where their exclusion will assist users in understanding our\nresults for the period. For these reasons, a significant number of users of\nthe MD&A analyze our results based on this financial measure. Management\nbelieves this measure helps users of the MD&A to better analyze results,\nenabling better comparability of our results from one period to another and\nwith peers.\n\nAdjusted net debt to adjusted EBITDA ratio\nManagement uses adjusted net debt to adjusted EBITDA ratio as a useful credit\nmeasure for purposes of measuring the Corporation’s ability to service its\ndebt and other long-term obligations. This non-GAAP financial ratio does not\nhave any standardized meaning prescribed by IFRS and therefore, may not be\ncomparable to similar measures presented by other companies.\n\n Reconciliation of adjusted EBIT to EBIT and computation of adjusted EBIT margin                                               \n                       Three-month periods ended June 30                    Six-month periods ended June 30                    \n                               2026                            2025                 2026                            2025       \n EBIT                  $       225                     $       205          $       392                     $       382        \n Adjusted EBIT         $       225                     $       205          $       392                     $       382        \n Total revenues        $       2,150                   $       2,028        $       3,749                   $       3,550      \n Adjusted EBIT margin          10.5    %                       10.1    %            10.5    %                       10.8    %  \n                                                                                                                               \n\n\n\n Reconciliation of adjusted EBITDA to EBIT and computation of adjusted EBITDA margin                                             \n                         Three-month periods ended June 30                    Six-month periods ended June 30                    \n                                 2026                            2025                 2026                            2025       \n EBIT                    $       225                     $       205          $       392                     $       382        \n Amortization                    100                             92                   179                             163        \n Adjusted EBITDA         $       325                     $       297          $       571                     $       545        \n Total revenues          $       2,150                   $       2,028        $       3,749                   $       3,550      \n Adjusted EBITDA margin          15.1    %                       14.6    %            15.2    %                       15.4    %  \n                                                                                                                                 \n\n\n\n Reconciliation of adjusted net income to net income and computation of adjusted EPS                                                                              \n                                                                               Three-month periods ended June 30                                                  \n                                                                                    2026                                         2025                             \n                                                                               (per share)                             (per share)                                \n Net income from continuing operations                                         $    191                                     $    193                              \n Adjustments to net financing expense related to:                                                                                                                 \n Net gain on certain financial instruments                                          (2      )              (0.02  )              (128    )              (1.28  )  \n Accretion on net retirement benefit obligations                                    5                      0.05                  8                      0.08      \n Losses on repayments of long-term debt                                             64                     0.64                  44                     0.44      \n Changes in discount rates of provisions                                            (1      )              (0.01  )              —                      0.00      \n Adjusted net income                                                                257                                          117                              \n Preferred share dividends, including taxes                                         (7      )                                    (7      )                        \n Adjusted net income attributable to common equity holders of Bombardier Inc.  $    250                                     $    110                              \n Weighted-average diluted number of common shares (in thousands)                    99,932                                       99,511                           \n Adjusted EPS (in dollars)                                                     $    2.50                                    $    1.11                             \n                                                                                                                                                                  \n\n\n\n Reconciliation of adjusted EPS to diluted EPS (in dollars)                                                                   \n Three-month periods ended June 30                                                                                            \n                                                                    2026                                            2025      \n Diluted EPS from continuing operations            $                1.84                                     $      1.87      \n Adjustments to net financing expense related to:                                                                             \n Net gain on certain financial instruments                          (0.02            )                              (1.28  )  \n Accretion on net retirement benefit obligations                    0.05                                            0.08      \n Losses on repayments of long-term debt                             0.64                                            0.44      \n Changes in discount rates of provisions                            (0.01            )                              0.00      \n Adjusted EPS                                      $                2.50                                     $      1.11      \n                                                                                                                              \n\n\n\n Reconciliation of adjusted net income to net income and computation of adjusted EPS                                                                               \n                                                                               Six-month periods ended June 30                                                     \n                                                                                    2026                                          2025                             \n                                                                               (per share)                              (per share)                                \n Net income from continuing operations                                         $    244                                      $    237                              \n Adjustments to net financing expense related to:                                                                                                                  \n Net loss (gain) on certain financial instruments                                   27                      0.27                  (132    )              (1.33  )  \n Accretion on net retirement benefit obligations                                    10                      0.10                  14                     0.14      \n Losses on repayments of long-term debt                                             166                     1.66                  66                     0.66      \n Changes in discount rates of provisions                                            (1       )              (0.01  )              —                      0.00      \n Adjusted net income                                                                446                                           185                              \n Preferred share dividends, including taxes                                         (14      )                                    (14     )                        \n Adjusted net income attributable to common equity holders of Bombardier Inc.  $    432                                      $    171                              \n Weighted-average diluted number of common shares (in thousands)                    100,172                                       99,779                           \n Adjusted EPS (in dollars)                                                     $    4.31                                     $    1.71                             \n                                                                                                                                                                   \n\n\n\n Reconciliation of adjusted EPS to diluted EPS (in dollars)                                               \n Six-month periods ended June 30                                                                          \n                                                                    2026                        2025      \n Diluted EPS from continuing operations                      $      2.29                 $      2.24      \n Adjustments to net financing expense related to:                                                         \n Net loss (gain) on certain financial instruments                   0.27                        (1.33  )  \n Accretion on net retirement benefit obligations                    0.10                        0.14      \n Losses on repayments of long-term debt                             1.66                        0.66      \n Changes in discount rates of provisions                            (0.01  )                    0.00      \n Adjusted EPS                                                $      4.31                 $      1.71      \n                                                                                                          \n\n\n\n Reconciliation of free cash flow (usage) to cash flows from operating activities                                                                                      \n                                                               Three-month periods ended June 30                    Six-month periods ended June 30                    \n                                                                       2026                            2025                 2026                            2025       \n Cash flows from operating activities - continuing operations  $       338                     $       (128    )    $       731                     $       (399    )  \n Net additions to PP&E and intangible assets                           (110    )                       (36     )            (143    )                       (69     )  \n Free cash flow (usage)                                        $       228                     $       (164    )    $       588                     $       (468    )  \n                                                                                                                                                                       \n\n\n\n Reconciliation of available liquidity to cash and cash equivalents                                             \n As at                                                            June 30, 2026       December 31, 2025         \n Cash and cash equivalents                                        $        1,454              $       2,175     \n Undrawn amounts under available revolving credit facility ((1))           443                        365       \n Available liquidity                                              $        1,897              $       2,540     \n                                                                                                                \n\n\n\n Reconciliation of adjusted net debt to long-term debt and computation of adjusted net debt to adjusted EBITDA ratio                                             \n Four-quarter trailing periods ended                                                                                                                             \n                                             June 30, 2026                                            December 31, 2025                                          \n Long-term debt ((2))                        $                  4,053                                                    $                  5,154                \n Less: Cash and cash equivalents                                1,454                                                                       2,175                \n Adjusted net debt                           $                  2,599                                                    $                  2,979                \n Adjusted EBITDA                             $                  1,585                                                    $                  1,559                \n Adjusted net debt to adjusted EBITDA ratio                     1.6                                                                         1.9                  \n\n\n\n ((1))  (A committed secured revolving credit facility of $450 million which matures in 2029 and is available for cash drawings for the ongoing working capital needs of the Corporation and for issuance of performance letters of credit. This facility was undrawn as at June 30, 2026 and the availability as at such date was $443 million based on the collateral, which may vary from time to time.)   \n ((2))  (Includes current portion of long-term debt.)                                                                                                                                                                                                                                                                                                                                                         \n                                                                                                                                                                                                                                                                                                                                                                                                              \n\nFORWARD-LOOKING STATEMENTS DISCLAIMER\n\nThis press release contains forward-looking statements intended to assist\ninvestors in understanding our objectives, strategies, and future prospects,\nwhich may involve but are not limited to: statements with respect to our\nobjectives, anticipations and outlook or guidance in respect of various\nfinancial and global metrics and sources of contribution thereto, targets,\ngoals, priorities, market and strategies, financial position, financial\nperformance, market position, capabilities, competitive strengths, credit\nratings, beliefs, prospects, plans, expectations, anticipations, estimates and\nintentions; general economic and business outlook, prospects and trends of our\nindustry; customer value; expected demand for products and services; growth\nstrategies including, potential revenues and year-over-year growth generated\ntherefrom; product development, including projected design, characteristics,\ncapacity or performance; expected or scheduled entry-into-service of products\nand services, orders, deliveries, testing, lead times, certifications and\nexecution of orders in general; competitive position; expectations regarding\nrevenue and backlog mix; the expected impact of the legislative and regulatory\nenvironment and legal proceedings; strength of capital profile and balance\nsheet, creditworthiness, credit ratings, available liquidities and capital\nresources, expected financial requirements, capital allocation and deployment\nof excess liquidity and ongoing review of strategic and financial\nalternatives; the introduction and anticipated results of productivity\nenhancements and profitability initiatives, operational efficiencies\noptimizing the use of our manufacturing and services facilities, cost\nreduction and potential future restructuring initiatives, and anticipated\ncosts, intended benefits and timing thereof; the ability to continue business\ngrowth and cash generation; expectations, objectives and strategies regarding\ndebt repayment, refinancing of maturities and interest cost reduction;\ncompliance with restrictive debt covenants; expectations regarding the\ndeclaration and payment of dividends on our preferred shares; intentions and\nobjectives for our programs, assets and operations; expectations regarding the\navailability of government assistance programs; the impact of new, or\nexacerbation of existing global health, geopolitical or military events, or\ninternational trade disputes or renegotiation of existing trade arrangements,\non the foregoing and the effectiveness of our plans and measures in response\nthereto; and expectations regarding the strength of markets, economic\ndownturns or recession, and inflationary and supply chain pressures.\n\nIn addition, statements that “we believe” and similar statements reflect\nour beliefs and opinions on the relevant subject. These statements are based\non information available to us as of the date of this press release. While we\nbelieve that information provides a reasonable basis for these statements,\nthat information may be limited or incomplete. Our statements should not be\nread to indicate that we have conducted an exhaustive inquiry into, or review\nof all relevant information. These statements are inherently uncertain, and\ninvestors are cautioned not to unduly rely on these statements.\n\nForward-looking statements can generally be identified by the use of\nforward-looking terminology such as “may”, “will”, “shall”,\n“can”, “expect”, “estimate”, “intend”, “anticipate”,\n“plan”, “foresee”, “believe”, “continue”, “maintain” or\n“align”, the negative of these terms, variations of them or similar\nterminology. Forward-looking statements are presented for the purpose of\nassisting investors and others in understanding certain key elements of our\ncurrent objectives, strategic priorities, expectations, guidance, outlook and\nplans, and in obtaining a better understanding of our business and anticipated\noperating environment. Readers are cautioned that such information may not be\nappropriate for other purposes.\n\nBy their nature, forward-looking statements require management to make\nassumptions and are subject to important known and unknown risks and\nuncertainties, which may cause our actual results in future periods to differ\nmaterially from forecast results set forth in forward-looking statements.\nWhile management considers these assumptions to be reasonable and appropriate\nbased on information currently available, there is risk that they may not be\naccurate. The assumptions underlying the forward-looking statements made in\nthis press release include the following: alignment of production rates to\nmarket demand, including the supply base supporting our product development\nand production rates in a commercially acceptable and timely manner;\ndeployment and execution of growth strategies, including our Services,\nPre-owned and Defense businesses; and mitigation of international trade\ndisputes and protection measures (including tariffs), changes to existing\ntrade agreements. For additional information about these and other assumptions\nunderlying the forward-looking statements made in this press release, refer to\nthe Forward-looking statements - Assumptions section in the Management\nDiscussion & Analysis of the Corporation’s interim financial report for the\nquarter ended March 31, 2026. Given the impact of the changing circumstances\nsurrounding new or continuing global health, geopolitical and military events,\nand new or threatened international protectionist trade policies or measures,\nas well as the related response from the Corporation, governments (federal,\nprovincial and municipal, both domestic, foreign and multinational\ninter-governmental organizations), regulatory authorities, businesses,\nsuppliers, customers, counterparties and third-party service providers, there\nis an inherently higher degree of uncertainty associated with the\nCorporation’s assumptions.\n\nCertain factors that could cause actual results to differ materially from\nthose anticipated in the forward-looking statements include, but are not\nlimited to: operational risks (such as risks related to business development\nand growth; order backlog; deployment and execution of our strategy, including\ncost reductions and working capital improvements and manufacturing and\nproductivity enhancement initiatives; developing new products and services,\nincluding technological innovation and disruption; the certification of\nproducts and services; pressures meeting aircraft delivery schedules and on\ncash flows and capital expenditures, including due to seasonality and\ncyclicality; doing business with partners; product performance warranty and\ncasualty claim losses; environmental, health and safety concerns and\nregulations; dependence on a limited number of contracts, customers and\nsuppliers; supply chain risks; human resources risks including the departure\nof senior executives, the global availability of a skilled workforce, and the\nfailure to attract and retain quality employees; reliance on information\nsystems (including technology vulnerabilities, cybersecurity threats and\nprivacy breaches); reliance on and protection of intellectual property rights;\nreputation risks; scrutiny and perception gaps regarding sustainability and\ncorporate social responsibility matters; adequacy of insurance coverage;\nacquisitions; risk management; and tax matters); financing risks (such as\nrisks related to liquidity and access to capital markets; substantial debt and\ninterest payment requirements, including execution of debt management and\ninterest cost reduction strategies; restrictive and financial debt covenants;\nretirement benefit plan risk; exposure to credit risk; and availability of\ngovernment support); risks related to regulatory and legal proceedings, as\nwell as changes in laws and regulations; risks associated with general\neconomic conditions and disruptions, both regionally and globally, that may\nimpact our sales and operations; business environment risks (such as risks\nassociated with the financial condition of business aircraft customers; trade\npolicy; governmental disruptions; increased competition; political instability\nand geopolitical tensions; financial and economic sanctions and trade control\nlimitations; global climate change; and force majeure events); market risks\n(such as foreign currency fluctuations and changing interest rates, including\nour ability to hedge exposures thereto; increases in commodity prices; and\ninflation); and other unforeseen adverse events. For more details, refer to\nthe Risks and uncertainties section in Other in the MD&A and in the Management\nDiscussion & Analysis of the Corporation’s Financial Report for the fiscal\nyear ended December 31, 2025. Any one or more of the foregoing factors may be\nexacerbated by new or continuing global health, geopolitical or military\nevents, or new or exacerbated international trade disputes or renegotiation of\nexisting trade arrangements, which may have a significantly more severe impact\non the Corporation’s business, results of operations and financial condition\nthan in the absence of such events.\n\nReaders are cautioned that the foregoing list of factors that may affect\nfuture growth, results and performance is not exhaustive and undue reliance\nshould not be placed on forward-looking statements. Other risks and\nuncertainties not presently known to us or that we presently believe are not\nmaterial could also cause actual results or events to differ materially from\nthose expressed or implied in our forward-looking statements. The\nforward-looking statements set forth herein reflect management’s\nexpectations as at the date of this press release and are subject to change\nafter such date. Unless otherwise required by applicable securities laws, we\nexpressly disclaim any intention, and assume no obligation to update or revise\nany forward-looking statements, whether as a result of new information, future\nevents or otherwise. The forward-looking statements contained in this press\nrelease are expressly qualified by this cautionary statement. Any financial\noutlook provided herein is for the purpose of assisting investors in\nunderstanding management’s objectives and may not be appropriate for other\npurposes.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/17388364-7e8b-4836-8d73-8c21f3f49b4e)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-07-30T10:30:00.793198086Z","server_sent_at_ms":1785407400793},"received_at":"2026-07-30T10:30:00.993Z","source_url":"https://www.globenewswire.com/news-release/2026/07/30/3335861/0/en/bombardier-reports-significant-second-quarter-free-cash-flow-growth-and-strong-profitability-as-backlog-lengthens.html"},"analysis":{"id":"92260","press_release_id":"103250","analysis_json":{"industry":{"label":"Aerospace & Defense","sector":"Industrials"},"redFlags":[],"eventType":"earnings","narrative":"Bombardier delivered solid Q2 results with revenue up 6% YoY to $2.15 billion, driven by a record Services performance, and achieved a massive improvement in free cash flow of $392 million compared to the prior year.\n\nThe company's backlog grew significantly to $21.8 billion, increasing by $4.3 billion since year-end 2025, supported by a unit book-to-bill of 1.5x.\n\nBombardier also strengthened its balance sheet, reducing debt by $356 million and securing a new $750 million credit facility while maintaining liquidity of approximately $1.9 billion.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Bombardier soars on record services revenue, massive FCF swing, and a $21.8B backlog."},"keyFigures":{"eps":1.84,"revenue":2150000000,"guidance":"On track to meet raised 2026 guidance across all key metrics","revenueYoy":"6%","customDimensions":{"ebit":225000000,"backlog":21800000000,"liquidity":1900000000,"ebit_margin":"10.5%","adjusted_eps":2.5,"book_to_bill":"1.5x","debt_reduction":356000000,"free_cash_flow":228000000,"adjusted_ebitda":325000000,"services_revenue":674000000,"net_debt_to_ebitda":"1.6x","adjusted_net_income":257000000,"cash_and_equivalents":1500000000,"adjusted_ebitda_margin":"15.1%"}},"quotedText":"Our impressive quarter demonstrates the power of a team executing its plan at the top of their game with the right strategy. 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