Financial results of Bombardier Inc. for the second quarter and the six months ended July 31, 1996.MONTREAL--(BUSINESS WIRE)--Aug. 20, 1996--BOMBARDIER (ME, TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : BBD BBD In currencies, this is the abbreviation for the Barbados Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. .A) -- The consolidated revenues of Bombardier Inc. for the second quarter ended July July: see month. 31, 1996 totalled $1.9 billion compared with $1.5 billion for the second quarter ended July 31, 1995. Net income stood at $90.3 million, or $0.26 per share, as against a net income of $69.5 million, or $0.20 per share, for the corresponding period last year. For the six months ended July 31, 1996, consolidated revenues amounted to $3.5 billion compared with $2.8 billion for the six months ended July 31, 1995. Net income reached $167.1 million, or $0.48 per share, as against $133.0 million, or $0.39 per share, for the same period last year. -0- The highlights are as follows:
Three months
ended July 31,
1996 1995
(in millions of dollars)
Revenues $ 1 915.2 $ 1 476.6 Income before income taxes $ 134.7 $ 103.6 Income taxes $ 44.4 $ 34.1 Net income $ 90.3 $ 69.5 Net income per common share (dollars)
Basic $ 0.26 $ 0.20
Fully diluted $ 0.25 $ 0.20
Six months
ended July 31,
1996 1995
(in millions of dollars)
Revenues $ 3 519.0 $ 2 833.0 Income before income taxes $ 249.4 $ 198.5 Income taxes $ 82.3 $ 65.5 Net income $ 167.1 $ 133.0 Net income per common share (dollars)
Basic $ 0.48 $ 0.39
Fully diluted $ 0.47 $ 0.38
Average number of common shares outstanding (millions) 335.5 332.1 Commenting on these results, Chairman and Chief Executive Officer Laurent Beaudoin Laurent Beaudoin, C.C., O.Q., M.Comm., D.Sc.Adm., F.C.A., (born May 13, 1938, in Laurier Station, Quebec) is a Canadian businessman. The son-in-law of Joseph Armand Bombardier, Beaudoin became Chief Executive Officer of Bombardier, Inc. observed that "consolidated revenues for the second quarter rose 29 percent as compared to the same period last year, due to a substantial increase in sales in each of our business segments." "Net income for the quarter rose substantially by 29 percent, reflecting the good performance in the sectors of aerospace, motorized mo·tor·ize tr.v. mo·tor·ized, mo·tor·iz·ing, mo·tor·iz·es 1. To equip with a motor. 2. To supply with motor-driven vehicles. 3. To provide with automobiles. consumer products and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , said Mr. Beaudoin. Bombardier Eurorail's BN Division however experiences difficulties in operations, which affects the results of the Transportation Group", he added. Bombardier Inc. is a Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. corporation engaged in design, development, manufacturing and marketing activities in the fields of transportation equipment, civil and military aerospace, and motorized consumer products. The Montreal-based corporation operates plants in Canada, Mexico, the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Austria, Belgium, Finland, France, Germany and the United Kingdom, employing 40,000 people. Bombardier's annual business volume now totals 7.1 billion Canadian dollars Noun 1. Canadian dollar - the basic unit of money in Canada; "the Canadian dollar has the image of loon on one side of the coin" loonie dollar - the basic monetary unit in many countries; equal to 100 cents , and more than 85 percent of the Corporation's revenues are made in markets outside Canada. CONTACT: Bombardier Inc., Montreal Michel Michel named after Gaston Michel, a French surgeon (1875-1937). Michel clip metal skin sutures in various sizes from 8 to 16 mm long. Each clip is a 2 mm wide band of metal with a downturned sharp prong at each end. Lord, 514/861-9481 |
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