By Adriano Marchese

Bombardier's set growth targets for the full year, topping expectations for revenue, after first-quarter profit fell and revenue missed targets in a period marked by trade uncertainty and tariffs.

The Canadian business jet maker said Thursday that it expects revenue to grow to at least $9.25 billion, up from 2024's $8.67 billion, and ahead of analyst expectations of a growth to $9.17 billion, according to FactSet.

Adjusted earnings before interest, taxes, depreciation and amortization is also expected to rise up to $1.55 billion from $1.36 billion, but missing analyst expectations for a rise to $1.6 billion.

Free cash flow is projected to come in between $500 million and $800 million, up from $232 million. Analysts peg this at $741.3 million for the year.

Bombardier said it anticipates to deliver more than 150 aircraft this year. "This delivery cadence, along with improved revenue mix including a contribution from Defense, higher pricing and continued growth in Services, will contribute to anticipated revenues," the company said.

For the first quarter, Bombardier reported a decline in net income to $44 million, or 37 cents a share, down from $110 million, or $1.02 a share, in the comparable quarter a year ago.

Adjusted earnings were 61 cents a share. According to FactSet, analysts were expecting 67 cents a share.

Revenue grew 19% $1.52 billion, shy of forecasts for a growth of $1.56 billion.

In the quarter, Bombardier delivered 23 aircraft, which is three more incremental aircraft deliveries as well as an $18 million gain from services to $495 million.

U.S. tariffs have been a point of concern for the Canadian company, given that many of its parts are sourced from across the U.S., Mexico and Canadian supply chain. However, Bombardier said despite global economic uncertainty, order activity remained stable, allowing it to maintain a competitive advantage within the industry.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

May 01, 2025 07:20 ET (11:20 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.