Bombardier’s Q3 Book-to-Bill Ratios Top Analyst Expectations
TD Cowen’s Tim James says Bombardier’s book-to-bill ratio was 1.7x and its dollar-based ratio was 1.2x, versus analyst expectations of 0.9x.
Bombardier's stronger-than-expected orders show that demand for business jets is still going strong. TD Cowen's Tim James notes that 3Q book-to-bill ratio, which was of 1.7x and a dollar-based ratio of 1.2x, topping analyst expectations of 0.9x. He says this "suggests no cracks in business jet cycl…