Financial results of Bombardier Inc. for the third quarter and the nine months ended October 31, 1996.MONTREAL--(BUSINESS WIRE)--Nov. 26, 1996--BOMBARDIER INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (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., ME, TSE BBD.B.) For the third quarter ended October 31, 1996, consolidated revenues of Bombardier Inc. totalled $2.0 billion, compared with $1.6 billion last year. Net income was $91.8 million, or $0.27 per share, compared with $74.9 million, or $0.22 per share, for the same period last year. For the nine months ended October 31, 1996, consolidated revenues reached $5.5 billion, compared with $4.4 billion at October 31, 1995. Net income amounted to $258.9 million, or $0.75 per share, as against a net income of $207.9 million, or $0.61 per share, for the same nine-month period in 1995. -0-
The highlights are as follows:
Three months ended
October 31,
1996 1995
(in millions of dollars)
Revenues $1,946.3 $1,580.5
Income before income taxes $137.0 $111.8
Income taxes $45.2 $36.9
Net income $91.8 $74.9
Net income per common share (dollars)
Basic $0.27 $0.22
Fully diluted $0.27 $0.22
Nine months ended
October 31,
1996 1995
(in millions of dollars)
Revenues $5,465.3 $4 413.5
Income before income taxes $386.4 $310.3
Income taxes $127.5 $102.4
Net income $258.9 $207.9
Net income per common share (dollars)
Basic $0.75 $0.61
Fully diluted $0.74 $0.60
Average number of common
shares outstanding (millions) 335.7 332.6
-0- Commenting on the quarterly 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. indicated that "consolidated revenues for the third quarter rose 23 percent as compared to the same period last year, due to a high level of activity in each sector of the Corporation. Net income for the quarter also rose 23 percent." 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, 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 services related to its core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
loonie dollar - the basic monetary unit in many countries; equal to 100 cents , and more than 85 percent of the Corporation's revenues are generated in markets outside Canada. CONTACT: Bombardier Inc., Montreal Michel Lord, 514/861-9481 INTERNET: http://www.bombardier.com |
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