Embraer Stock Price, News & Analysis

On November 8, 2021, Embraer (NYSE: ERJ) announced participation in the public event Sustainability in Action. Key figures including Mr. Luis Carlos Affonso, Mr. Arjan Meijer, and Mr. Rodrigo Silva e Souza will discuss sustainable innovations in commercial aviation. The event will be broadcast live at 11 a.m. Brazil local time. This initiative reflects Embraer's commitment to advancing sustainability through new aircraft concepts.

Embraer S.A. has updated its 2021 projections, reporting a free cash flow of US$ (160.1) million for the first nine months, which exceeded initial expectations. The company anticipates a positive cash flow in Q4 2021, prompting an updated 2021 free cash flow guidance of US$ 100 million or better, an improvement from a previous forecast of US$ (150) million to breakeven. Delivery targets remain unchanged, with expectations of 50 commercial and 95 executive aviation deliveries for the year.

Embraer S.A. (NYSE: ERJ) reported its 3Q21 earnings, showing strong results with revenues of US$ 958.1 million, up 26.3% year-over-year. The company delivered 9 commercial jets and 21 executive jets, raising year-to-date totals to 32 commercial and 54 executive jets.

Adjusted EBIT was US$ 35.7 million and EBITDA was US$ 79.2 million, leading to margins of 3.7% and 8.3% respectively. Notably, Embraer generated positive free cash flow of US$ 21.3 million, the first time this has occurred in a historically weak quarter. The company updated its free cash flow guidance to US$ 100 million.

Embraer (NYSE: ERJ) delivered a total of 30 jets in Q3 2021, with 9 commercial and 21 executive jets, bringing its order backlog to USD 16.8 billion. Notably, the company marked a milestone with the delivery of its 1,500th business jet, a Phenom 300E. Embraer also secured a contract for 16 new E175 jets with SkyWest, valued at USD 798.4 million. Additionally, several service agreements for support packages were signed with various airlines, strengthening Embraer's position in the aviation market.

Embraer and NetJets have signed a deal for up to 100 additional Phenom 300E aircraft worth over $1.2 billion, building on their successful partnership. Deliveries are set to begin in Q2 2023, enhancing NetJets' customer offerings in the U.S. and Europe. This agreement highlights NetJets' ongoing trust in Embraer's quality and performance, reaffirming the Phenom 300 series' status as the best-selling light jet for nine consecutive years.

Embraer has updated its 2021 guidance, anticipating continued recovery amid the ongoing Covid-19 pandemic. Key projections include 45 commercial aviation deliveries and 90 executive aviation deliveries. The company expects consolidated revenues of $4.0 billion to $4.5 billion with an adjusted EBIT margin of 3.0% to 4.0%. Despite ongoing uncertainty, Embraer is confident in its Defense & Security segment's future demand. However, free cash flow is projected at a usage of $150 million, highlighting the need for improved working capital efficiency.

Embraer S.A. (NYSE: ERJ) reported its Second Quarter 2021 earnings, revealing a significant recovery with revenues of US$ 1,130.5 million, up 110.4% year-over-year. The company delivered 14 commercial and 20 executive jets, leading to a total firm order backlog of US$ 15.9 billion. Adjusted net income was US$ 43.6 million with earnings per ADS of US$ 0.24, marking the first quarterly profit since 2018. For 2021, the company anticipates commercial jet deliveries between 45-50 and revenues between US$ 4.0 and US$ 4.5 billion.

Embraer has finalized an agreement to sell 16 E175 jets to SkyWest for operations within the Delta Air Lines network, valued at USD 798.4 million. This addition complements the 71 E175 jets already in service with Delta. The new aircraft, featuring a three-class configuration, aim to enhance Delta’s domestic connectivity and will start delivery in mid-2022. SkyWest's CEO noted the significant operational role of E175 jets, marking a total of nearly 240 aircraft with various airlines in North America.

Embraer delivered 34 jets in Q2 2021, comprising 14 commercial and 20 executive aircraft. The firm order backlog reached USD 15.9 billion, a 12% increase from Q1, indicating a recovery to pre-pandemic levels. Key deliveries included 7 E175s and 7 E195-E2s in commercial aviation, and 12 Phenom 300 jets in executive aviation. The backlog also featured a significant order from Canada’s Porter Airlines for 30 E195-E2 aircraft. Additionally, Embraer celebrated milestones with the delivery of its 600th Phenom 300 and the first limited-edition Phenom 300E.