Bombardier Inc. (OTCMKTS:BDRBF) up 8% in a week. The company announced the issuance of a notice of redemption for the company’s outstanding 6.125% Senior Notes, whose expiry is 2023. As indicated in the statement of redemption issued according to the indenture governing the notes’ terms, September 13, 2021, is the redemption day. The company will calculate the redemption price on September 8, 2021. The company plans to announce the redemption price on September 8, 2021, through a press release.
Last week the company reported exceptional Q2 2021 financial results for the quarter ending June 30, 2021, and raised its full-year guidance. Total revenues were up 25% YoY to $1.52billion. Aircraft sales revenue was up 57% YoY to $1.21 billion after the company delivered 29 aircraft during the quarter, a 45% increase from 20 units delivered a year ago.
Again, the product mix was vital in revenue increase, with 17 of the 29 delivered units being Globals plus 11 leading Globals 7500s. With the exceptional results, BDRBF is worth keeping an eye on.
Market Reaction:
On Thursday, BDRBF stock fell 1.50% to $1.32 with more than 1.70 million shares, compared to its average volume of 1.90 million shares. The stock has moved within a range of $1.2900 – 1.3700 after opening the trade at $1.27.
