Bombardier reports financial results for the first quarter ended March 31, 2015

Bombardier reported its financial results for the first quarter ended March 31st, 2015. Revenues totalled US$4.4bn for the quarter, compared to US$4.4b for the same period last fiscal year. For the first quarter ended March 31, 2015, earnings before financing expense, financing income and income taxes (EBIT) totalled US$228m, or 5.2% of revenues, compared to US$207m or 4.8% for the same period last fiscal year. EBIT before special items totalled US$237m, or 5.4% of revenues, compared to US$219m or 5.0% for the same period last fiscal year. Net income totalled US$100m compared to US$115m for the same period the previous year. On an adjusted basis, net income amounted to US$170m for the first quarter ended March 31, 2015, compared to ÚS$151m for the same period the previous year. During the first quarter, as part of the financing plan announced last February, the Corporation closed an US$868m public offering of equity and issued a US$2.25bn aggregate amount of unsecured Senior Notes, both oversubscribed. Of this amount, US$750m of Senior Notes due in 2016 were redeemed in advance on April 29, 2015.