Bombardier reports full year 2009 earnings

Canadian aerospace giant Bombardier warns of continued expected decline in demand

Canada’s plane and train maker Bombardier today reported Q4 2009 earnings and full year earnings for fiscal 2009.

The company reported total sales of USD $5.4-billion in Q4, with total sales in fiscal 2009 as $19.4-billion. Total sales were down insignificantly from fiscal 2008, which were $19.7-billion.

Bombardier reported net income of $179-million in Q4 2009 ($0.10 per diluted share), compared to $312-million in the same period last year.


Net profit for fiscal 2009 was $707-million ($0.39 per diluted share), down significantly from $1-billion ($0.56 per share), from the previous year.

The aerospace-giant warned against continued expected declining demand, warning commercial airliner and business jet delivers could decline by 20-percent, and 15-percent, respectively, in 2011.

Bombardier CEO Pierre Beaudoin said today, “Against a challenging economic backdrop, we delivered good financial results.”

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Peggy holds a Bachelor Arts degree with honors in Economics from York University in Toronto, Canada. She is a Certified Management Accountant (CMA). She has also passed Level I of the Chartered Financial Analyst (CFA) Program. She is also a realtor. Write to [email protected]
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