Bombardier Ranks on the TSX30 list for the Second Year in a Row, Recognized as One of Best Performing Stocks on the Toronto Stock Exchange
September 10 2024 - 7:35AM
Bombardier (TSX: BBD.B) is proud to announce that it has
ranked on the TSX30 list for the second year in a row. The ranking,
announced today, recognizes the 30 best performing stocks on TSX
over a three-year period ended on June 30, 2024. Bombardier’s
three-year dividend adjusted share price grew 200% in this period,
while its three-year market cap increased by 208%. Bombardier first
made the TSX30 list in 2023 and is once again the only aerospace
company in the ranking.
“We are proud to be included once again on the
TSX30 list as one of the best performing stocks of the Toronto
Stock Exchange, a recognition that underscores our teams’
meticulous work and their drive to continuously achieve higher
levels of excellence,” said Bart Demosky, Executive Vice President
and Chief Financial Officer, Bombardier. “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.”
As outlined at Bombardier’s Investor Day in May,
the company has shown an impressive turnaround over the past three
years and is poised for continued growth since refocusing on
designing, manufacturing and servicing the best business jets in
the world. While building the resilient company that it is today,
Bombardier also set the stage for future growth and diversification
through expansion of its Services, Defense, and the pre-owned
businesses. The company also outlined a disciplined and ROIC
focused capital allocation framework. Bombardier plays a key role
in the Canadian aerospace sector as an employer, innovator and
partner of educational institutions. The company has continued its
leadership role in sustainable aviation, particularly through its
groundbreaking EcoJet research project, and led the way in
environmental responsibility as the only business jet manufacturer
to disclose environmental impact of its entire aircraft portfolio
through Environmental Product Declarations. Lastly since 2023, all
Bombardier’s flight operations have been covered with a sustainable
aviation fuel (SAF) blend using the Book and Claim system.
“We want to congratulate Bombardier on earning a
spot on the TSX30 for a second consecutive year,” said Loui
Anastasopoulos, CEO, Toronto Stock Exchange. “The company’s
continued commitment to its core business of designing,
manufacturing and servicing industry-leading business jets not only
yielded strong returns for investors but is helping keep Canada
competitive on the global stage.”
The TSX30 is an annual ranking of the 30
top-performing companies on Toronto Stock Exchange based on
dividend-adjusted share price performance over a three-year period.
Established in 2019, the flagship program recognizes TSX-listed
companies who have demonstrated excellence in growth, highlights
the overall strength of Canada’s diverse and ever-evolving public
markets, and the efficacy of this powerful ecosystem in driving
growth for issuers, investors, and the overall economy.
About Bombardier
At Bombardier (BBD-B.TO), we design, build,
modify and maintain the world’s best-performing aircraft for the
world’s most discerning people and businesses, governments and
militaries. That means not simply exceeding standards, but
understanding customers well enough to anticipate their unspoken
needs.
For them, we are committed to pioneering the
future of aviation—innovating to make flying more reliable,
efficient and sustainable. And we are passionate about delivering
unrivaled craftsmanship and care, giving our customers greater
confidence and the elevated experience they deserve and expect.
Because people who shape the world will always need the most
productive and responsible ways to move through it.
Bombardier customers operate a fleet of
approximately 5,000 aircraft, supported by a vast network of
Bombardier team members worldwide and 10 service facilities across
six countries. Bombardier’s performance-leading jets are proudly
manufactured in aerostructure, assembly and completion facilities
in Canada, the United States and Mexico.
For Information
For corporate news and information, including
Bombardier’s Environmental, Social and Governance report, as well
as the company’s plans to cover all its flight operations with a
Sustainable Aviation Fuel (SAF) blend utilizing the Book and Claim
system visit bombardier.com.
Learn more about Bombardier’s industry-leading
products and customer service network at bombardier.com. Follow us
on X @Bombardier.
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Tinca Stokojnik Prouvost +1 514 954 0260
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