Bombardier Provides Preliminary Fourth Quarter and Full Year 2019 Financial Results and Updates on Accelerating Deleveraging Phase of Turnaround Plan
BOMBARDIER INC B (BDRBF)
NASDAQ:AMEX Investor Relations:
ir.bombardier.com/en
Company Research
Source: GlobeNewswire
Financial results expected to be below guidance, driven largely by actions at Transportation to resolve challenging projectsAviation financial results largely on track Company actively pursuing strategic options to accelerate deleveraging Bombardier reassessing future participation in Airbus Canada Limited Partnership All amounts in this press release are in U.S. dollars unless otherwise indicated. MONTREAL, Jan. 16, 2020 (GLOBE NEWSWIRE) -- Bombardier (TSX: BBD.B) today announced its preliminary results for the fourth quarter and full year 2019. The Company now expects lower than previously guided financial performance, mainly as a result of actions taken to resolve challenging rail projects, the timing of milestone payments and new orders at Transportation, and the delivery of four Global 7500 aircraft slipping into the first quarter of 2020. Preliminary Results for the Fourth Quarter and Full Year 2019 Fourth Quarter 2019 Expected ResultsFull Year 2019 Expected ResultsCons
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News
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