Bombardier returns to the black in Q2

Montreal-based Bombardier Inc. has reported second-quarter net income of $246 million US, up from a year-earlier loss of $71 million, as revenue increased 22 per cent to $4.93 billion.

The international plane and train maker, reporting in U.S. currency, said Thursday its net income was 14 cents per share, up from a loss of five cents per share in last year's quarter ended July 31.

The company's total backlog stood at $57.2 billion, up from $53.6 billion at the start of the year.

"Both groups have delivered solid results again this quarter," stated CEO Pierre Beaudoin.

Revenue at regional airliner and corporate jet maker Bombardier Aerospace was up 14 per cent from a year earlier at $2.52 billion, while the Berlin-headquartered Bombardier Transportation rail-equipment division grew its revenue by 32 per cent to $2.42 billion.

"At Bombardier Aerospace, Business Aircraft recorded a high level of new orders and deliveries, showing the continued popularity of its wide array of products," Beaudoin said.

At Bombardier Transportation, "our extensive range of products and geographic diversification, already reflected in our backlog, bode well for future revenues," he added.

"And we will continue to leverage our strengths and focus on execution and costs to maximize business opportunities."