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Rail News: Financials
During fourth-quarter 2006, Bombardier Inc.’s consolidated revenue dropped to $4 billion compared with $4.7 billion during the same 2005 period, but net income rose $30 million to $86 million. In addition, income from continuing operations increased to $85 million compared with fourth-quarter FY2005’s $47 million.
During FY2006, consolidated revenue fell to $14.7 billion compared with $15.5 billion in FY2005 primarily because of lower rolling stock revenue in the United Kingdom and Germany, and fewer aircraft sales and deliveries. However, Bombardier earned net income of $249 million compared with an $85 million loss the previous year, and income from continuing operations of $135 million compared with a $122 million loss in FY05.
Bombardier Transportation also reported mixed financial results. Fourth-quarter segmented revenue decreased to $1.6 billion compared with $2.1 billion in fourth-quarter FY05, and fell to $6.7 billion for the year compared with FY05’s $7.3 billion.
However, orders totaled $7.3 billion during the fiscal year compared with $4 billion in FY05, and the company’s order backlog stood at $20.9 billion as of Jan. 31.
Bombardier Transportation continues to implement a restructuring plan launched in 2004, which includes closing plants and reducing the workforce.
4/5/2006
Rail News: Financials
Bombardier earns more income, generates less revenue in FY06
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During fourth-quarter 2006, Bombardier Inc.’s consolidated revenue dropped to $4 billion compared with $4.7 billion during the same 2005 period, but net income rose $30 million to $86 million. In addition, income from continuing operations increased to $85 million compared with fourth-quarter FY2005’s $47 million.
During FY2006, consolidated revenue fell to $14.7 billion compared with $15.5 billion in FY2005 primarily because of lower rolling stock revenue in the United Kingdom and Germany, and fewer aircraft sales and deliveries. However, Bombardier earned net income of $249 million compared with an $85 million loss the previous year, and income from continuing operations of $135 million compared with a $122 million loss in FY05.
Bombardier Transportation also reported mixed financial results. Fourth-quarter segmented revenue decreased to $1.6 billion compared with $2.1 billion in fourth-quarter FY05, and fell to $6.7 billion for the year compared with FY05’s $7.3 billion.
However, orders totaled $7.3 billion during the fiscal year compared with $4 billion in FY05, and the company’s order backlog stood at $20.9 billion as of Jan. 31.
Bombardier Transportation continues to implement a restructuring plan launched in 2004, which includes closing plants and reducing the workforce.
