Bombardier Recognized on TSX30 List for Strong Share Performance
Aircraft manufacturer Bombardier Inc. has been named to the 2023 TSX30 list, recognizing the top 30 performing stocks on the Toronto Stock Exchange over three years. The company's stock price rose 522% during the period.
Bombardier Inc. has been included in the 2023 TSX30 ranking presented by the Toronto Stock Exchange (TSX), marking the first time the Canadian aircraft manufacturer has appeared on the prestigious list. The ranking highlights the 30 top-performing stocks on the exchange over a three-year period. For the three years ended June 30, 2023, Bombardier's dividend-adjusted share price grew 522%, with its market capitalization increasing by 533%.
The inclusion on the TSX30 list acknowledges Bombardier's three-year stock performance, which the company attributes to sustained financial discipline, deleveraging, and a focus on innovation and sustainability. In recent years, Bombardier has redefined its core business to concentrate on the design, manufacturing, and servicing of business jets.
Bombardier is the sole aerospace company featured on this year's TSX30 list, underscoring its economic contribution to Canada. The company also emphasizes its commitment to sustainable aviation, aiming to minimize the environmental impact of its aircraft manufacturing and services through initiatives like the EcoJet research program and its commitment to using sustainable aviation fuel (SAF) for all its flight operations starting in 2023.
The TSX30 program, established in 2019, recognizes publicly traded companies that have demonstrated sustained excellence and driven growth. Companies on the 2023 list averaged over 553% in share price appreciation.