Strong Revenue Growth
Revenue increased by 19% year-over-year to $1.5 billion, driven by three additional deliveries, higher Defense revenues, and stronger pricing.
Adjusted EBITDA Increase
Adjusted EBITDA recorded a 21% year-over-year jump to $248 million, representing a margin of 16.3%.
Free Cash Flow Improvement
Free cash flow usage improved by 21% year-over-year, driven by a working capital investment and higher customer advances.
Continued Diversification and Growth in Services and Defense
Strategic expansions in Services and Defense segments, including new service centers and increased component repair capabilities.
Positive Outlook for Global 8000
Global 8000 aircraft is on track for delivery, with high demand due to its unmatched capabilities.
Debt Reduction Achievements
Net leverage improved by 0.6 turns or 17% versus Q1 of last year, with $400 million gross debt reduced in the last 12 months.