Material Fact: Guidance 2024 Updated
Embraer (NYSE: ERJ) has updated its 2024 guidance, revising key projections.
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Rhea-AI Summary
Embraer (NYSE: ERJ) has updated its 2024 guidance, revising key projections. While maintaining Executive Aviation deliveries at 125-135 units and consolidated revenues at $6.0-6.4 billion, the company has adjusted Commercial Aviation deliveries downward to 70-73 units from the previous 72-80 range. However, Embraer has increased its adjusted EBIT margin projection to 9%-10% from 6.5%-7.5%, and raised its free cash flow forecast to $300 million or higher from the previous $220 million target. These projections exclude EVE and are subject to market conditions and risks beyond the company's control.
Positive
- Increased adjusted EBIT margin guidance from 6.5%-7.5% to 9%-10%
- Higher free cash flow projection of $300M+ (up from $220M+)
- Maintained consolidated revenue guidance of $6.0-6.4B
- Stable Executive Aviation delivery forecast of 125-135 units
Negative
- Reduced Commercial Aviation delivery forecast to 70-73 units (down from 72-80)
Details
News Market Reaction – ERJ
The recorded move for ERJ in the trading session of this news was +6.40%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
EMBRAER S.A.
Publicly Held Company
CNPJ/MF: 07.689.002/0001-89
NIRE: 353.003.257-67
SÃO JOSÉ DOS CAMPOS,
2024 GUIDANCE (1) | PREVIOUS | CURRENT | |
Commercial Aviation deliveries | 72 - 80 | 70 a 73 | |
Executive Aviation deliveries | 125 - 135 | 125 - 135 | |
Consolidated revenues (US$ billion) | 6,0 – 6,4 | 6,0 – 6,4 | |
Adjusted EBIT margin | 6, | ||
Free cash flow (US$ million) | 220 or higher | 300 or higher | |
(1) Does not consider EVE |
This information will be available in the Reference Form (section 11), on the CVM website at http://www.cvm.gov.br/ and the Company's website at http://ri.embraer.com.br, within the legal period.
Embraer clarifies that this material fact does not constitute a promise of performance, reflecting only the perception of the Company's management, therefore, they are subject to risks and uncertainties. Projections consider several factors, such as general economic, market and industry conditions, which are beyond the Company's control, and may undergo changes that will be communicated diligently.
São José dos Campos, November 8, 2024.
Antonio Carlos Garcia
Executive Vice President, Financial & Investor Relations
View original content:https://www.prnewswire.com/news-releases/material-fact-guidance-2024-updated-302299899.html
SOURCE Embraer S.A.
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