By Adriano Marchese

Bombardier raised its full-year outlook after strong demand for maintenance and support work lifted revenue and helped generate a sharp rebound in free cash flow.

The Montreal-based company reported on Thursday that services revenue jumped 25% in the first quarter, helping push overall sales up 5% to $1.6  billion.

Bombardier's services unit, which handles global maintenance, repair, overhaul and customer-support work for its business-jet fleet, has become one of the company's fastest-growing and highest-margin businesses, providing a steady stream of recurring revenue.

The segment generated $617 million in the quarter.

The company also reported free cash flow of $360  million from an outflow of $271 million a year earlier. Bombardier now expects to generate more than $1  billion in free cash flow this year, up from its prior range of $600  million to $1  billion.

Net income in the quarter rose to $53  million, or 45 cents a share, from $44  million a year earlier, while adjusted earnings climbed to $1.81 a share, far above Wall Street expectations.

The company's backlog also increased by $2.8 billion to $20.3 billion at quarter's end, driven especially by demand from fleet operators and strong interest in the Global 8000, Bombardier's new flagship long-range business jet.

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

(END) Dow Jones Newswires

April 30, 2026 09:05 ET (13:05 GMT)

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