- Bombardier (TSX:BBD.A) has ranked on the TSX30 list of the 30 best performing TSX stocks for the second year in a row
- The Canadian business jet manufacturer’s three-year dividend adjusted share price grew 200 per cent in this period, while its three-year market cap increased by 208 per cent
- This comes as Q2 2024 revenue came to US$2.2 billion, up by 32 per cent year-over-year, thanks to steadily increasing service demand and higher aircraft deliveries
- Bombardier stock last traded at C$83.46
Bombardier (TSX:BBD.A) has ranked on the TSX30 list of the 30 best performing TSX stocks for the second year in a row.
The only aerospace stock to make the list, the Canadian business jet manufacturer’s three-year dividend adjusted share price grew 200 per cent in this period, while its three-year market cap increased by 208 per cent.
“The ranking represents another confirmation of our consistent strong performance and financial discipline over the past years and is a recognition of the added value we continue to bring our shareholders,” Bombardier’s executive vice president and chief financial officer, Bart Demosky, said in a news release.
Eligible listed issuers on the TSX30 are ranked based on their dividend-adjusted share price performance over a three-year period. Click here for the full list of top stocks.
This comes as Q2 2024 revenue came to US$2.2 billion, up by 32 per cent year-over-year, thanks to steadily increasing service demand and higher aircraft deliveries.
Back in May when Bombardier held its “Investor Day” event, the team outlined its overhaul and turnaround over the past three years, while pointing to further growth since refocusing on designing, manufacturing and servicing business jets worldwide.
Based in Montreal, Bombardier designs, builds, modifies and maintains aircraft for business and defence. Its customers operate a fleet of about 5,000 aircraft across the world with support from 10 service centres across six countries.
Shares of Bombardier (TSX:BBD.A) last traded at C$83.46 and rose 57.66 per cent since the year began.
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(Top image Challenger 3500 jet via Bombarider)
