Bombardier executives are pointing to their companys third-quarter financial performance as evidence that a turnaround plan started several years ago is working.
That plan has seen Bombardier divest its commercial aircraft and rail business, leaving it solely focused on producing and selling business jets.
Our plan is working, chief executive Eric Martel said on 2 November during the companys third-quarter earnings call. Bombardier had an excellent third quarter with exceptional performance on all fronts.
The company did not turn a profit in the third quarter it actually lost $37 million, though largely due to $240 million in finance expenses.
Excluding those costs and taxes, Bombardier earned $197 million last quarter, up 35% year …
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