Welcome to our dedicated page for Embraer news (Ticker: ERJ), a resource for investors and traders seeking the latest updates and insights on Embraer stock.
Embraer S.A. (ERJ) generates frequent news across commercial, executive and defense aviation, as well as capital markets activity. As a global aerospace company headquartered in Brazil, Embraer regularly publishes updates on aircraft orders, deliveries, backlogs and financial performance through press releases and Form 6-K filings.
Investors following Embraer news can expect recurring coverage of quarterly earnings results, where the company reports revenues, adjusted EBIT, free cash flow, aircraft deliveries by segment and total firm order backlog. These releases often highlight records such as all-time high second or third quarter revenues and backlog levels, along with guidance for commercial and executive jet deliveries.
Another key category of news involves aircraft orders and backlog developments. Recent announcements include firm orders for E175 and E195-E2 jets by airlines in North America, Europe and Africa, as well as a large E195-E2 order from Avelo Airlines with additional purchase rights. Embraer also reports on selections of its KC-390 Millennium and A-29 Super Tucano in the Defense & Security segment and on growth in its Services & Support backlog.
Embraer’s news flow also covers financing and liability management, such as cash tender offers for outstanding notes, new bond issuances by its financing subsidiary and related updates on maximum tender amounts and early tender results. In addition, the company discloses shareholder-related decisions, including interest on equity, interim dividends, share buyback programs and the engagement of a market maker to foster liquidity in its Brazilian-listed shares.
For anyone tracking ERJ, this news page provides a centralized view of Embraer’s operational milestones, major commercial wins, defense contracts and capital structure actions, based on the company’s own announcements and regulatory filings.
On September 8, 2020, Embraer S.A. (NYSE: ERJ) announced a cash Tender Offer by its subsidiary, Embraer Netherlands Finance B.V., to purchase up to US$250,000,000 in aggregate principal amount of outstanding notes. The offer includes 5.150% notes due 2022 and 5.696% notes due 2023. The Tender Offers will expire on October 5, 2020, with an Early Tender Date of September 21, 2020. Participants who tender by the Early Tender Date will receive an Early Tender Payment. Conditions include the completion of new debt financing.
EMBRAER S.A. (NYSE: ERJ) reported its 2Q20 results, delivering four commercial and 13 executive jets, with a backlog of US$ 15.4 billion. Adjusted EBIT and EBITDA were US$ (140.5) million and US$ (120.4) million, reflecting a decline in commercial aviation. The adjusted net loss was US$ (198.8) million, or US$ (1.08) per ADS. Despite a US$ (476.2) million free cash flow, liquidity remains strong with US$ 2.0 billion in cash. Guidance remains suspended due to COVID-19 uncertainty.
Embraer (NYSE: ERJ) has finalized contracts with five banks for a total of US$ 300 million in working capital and export financing. This funding, which began disbursement in July 2020, will enhance the company's cash position for the remainder of 2020 and into 2021. The financing lines have maturities of two to four years and will support production until the products are shipped for export. Embraer is also exploring additional financing options to ensure a manageable long-term debt profile.
On July 20, 2020, Embraer (NYSE: ERJ) announced the delivery of 17 jets in Q2 2020, comprising 4 commercial and 13 executive jets. The firm's total order backlog reached USD 15.4 billion as of June 30. Despite the ongoing challenges posed by the Covid-19 pandemic, the company marked the delivery of its 1,600th E-Jet to Helvetic Airways, which also converted orders to larger aircraft. Additionally, Congo Airways adjusted its orders from E175 to E190-E2 jets. Embraer also delivered its third C-390 Millennium to the Brazilian Air Force.
On July 15, 2020, Helvetic Airways announced a commitment with Embraer to convert four firm orders to the E195-E2 aircraft. This follows an earlier order for 12 E190-E2s. The remaining order for seven aircraft is valued at USD 480 million, with all rights exercised raising the total to USD 1.25 billion. The E195-E2 will feature 134 seats, enhancing capacity while improving fuel efficiency by 10% and reducing CO2 emissions by 30%. Deliveries are expected by the end of 2021. The E-Jets family continues to be a leader in the regional aircraft segment.
Embraer (NYSE: ERJ) announced the completion of contracts for working capital and export financing totaling up to US$ 600 million, with a maturity period of up to four years. The financing is split between US$ 300 million from the Brazilian National Bank of Economic and Social Development (BNDES) and US$ 300 million from private and public banks. This debt financing will enhance the company's cash position, ensuring funds are available from production to export. The operation does not affect Embraer's shareholding structure.