EMBRAER EARNINGS RESULTS 2nd QUARTER 2024
EMBRAER EARNINGS RESULTS 2nd QUARTER 2024
PR Newswire
SÃO PAULO, Aug. 8, 2024
SÃO PAULO, Aug. 8, 2024 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; B3: EMBR3) RELEASES ITS SECOND QUARTER 2024 EARNINGS RESULTS.
HIGHLIGHTS
- Embraer delivered 47 jets in 2Q24 of which 27 were executive jets (20 light and 7 medium), 19 were commercial jets and 1 multi-mission C-390 Millennium in Defense – an increase of 88% compared to the 25 aircraft delivered in 1Q24.
- Firm order backlog of US$21.1 billion in 2Q24 – a 7-year high, up more than 20% annually. For more information please see our 2Q24 Backlog and Deliveries release.
- Revenues totaled US$1,494 million in the period or an increase of 67% compared to the previous quarter (qoq). Highlight for Commercial Aviation revenues with 176% growth.
- Adjusted EBIT reached US$138.8 million with a 9.3% margin in 2Q24 (US$6.8 million and 0.8% in 1Q24).
- Adjusted free cash flow w/o Eve in 2Q24 was negative US$(215) million because of working capital needs to support higher number of deliveries in the second half of 2024.
- 2024 Guidance reiterated: Management believes current estimates are valid and represent evenly balanced opportunities and risks for full year operations. Commercial Aviation deliveries between 72 and 80 aircraft, and Executive Aviation deliveries between 125 and 135. Total company revenues in the US$6.0-6.4 billion range, Adjusted EBIT margin between 6.5% and 7.5%, and Adjusted free cash flow of US$220 million or higher.
For additional information, please check the full document on our website ri.embraer.com.br
Investor Relations
Guilherme Paiva, Patrícia Mc Knight, Viviane Pinheiro, Eliane Fanis, Marilia Saback and Marcelo Cuperman.
(+55 11)3040-6874
investor.relations@embraer.com.br
ri.embraer.com.br
CONFERENCE CALL INFORMATION
Embraer will host a conference call to present its 2Q24 Results on:
Thursday, Aug 8, 2024
ENGLISH: 8:00 AM (NY Time) / 9:00 AM (SP Time).
Simultaneous translation to Portuguese.
To access the webcast click here.
Zoom webinar: 829 8775 0865
Or alternatively to participate by phone call:
U.S.: +1(305)224-1968, +1(309)205-3325
Brazil: +55(11)4632-2236, +55(11)4632-2237
Password: 829 8775 0865
We recommend you join 15 minutes in advance.
View original content:https://www.prnewswire.com/news-releases/embraer-earnings-results-2nd-quarter-2024-302217970.html
SOURCE Embraer S.A.
-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
August PCE Report Forecasts Show More Good News on Inflation
-
AI Stocks May Be Down, but Don’t Count Them Out
-
4 Stocks to Buy as the Fed Cuts Interest Rates
-
Markets Brief: The Uncertain Path to Neutral Interest Rates
-
What’s Happening in the Markets This Week
-
Where Top Stock Fund Managers Are Looking Next After the Fed Rate Cut
-
Our Top Pick for Investing in US Renewable Energy
-
How to Measure a Stock’s Uncertainty
-
How to Determine Whether a Stock Is Cheap, Expensive, or Fairly Valued
-
Why a Company’s Management and Capital Allocation Matter
-
How to Determine What a Stock Is Worth
-
How to Measure a Company’s Competitive Advantage
-
How to Think Like a Stock Analyst
-
How GLP-1 Drugs Like Ozempic Are Boosting Biopharma Stocks