Bombardier Inc. reports profit of $148-million in second quarter, compared to $202-million in same quarter last year.
Earnings per share were 8-cents, down from 11 cents in the corresponding quarter a year ago.
The Montreal-based transportation giant says revenue totalled $4.1-billion, compared to $4.9-billion for the same period last fiscal year.
Bombardier Aerospace revenue totalled $2-billion during the quarter, compared to $2.4-billion last fiscal year. Revenue for Bombardier Transportation totalled $2.1-billion, compared to $2.5-billion for the same period last fiscal year.
"During this quarter, transportation has shown a strong level of order activity, benefitting from its wide portfolio of products and its enviable global market position," said president and CEO Pierre Beaudoin.
"The group improved its profitability while signing $4.3-billion of new orders for a book-to-bill ratio of 2.0, bringing its order backlog to $30.3-billion."
Mr. Beaudoin added that economic uncertainty continues to be reflected in Aerospace's financial results.
"However, the group is starting to see signs of recovery as shown by the significant reduction in business aircraft order cancellations," he said in a statement.
"Over all, our long-term prospects are strong, our new product developments on track and we remain focused on managing our cost structure and improving our cash flow generation."