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), a global leader in aerospace manufacturing, provides innovative solutions across commercial aviation, defense systems, and executive jets. This dedicated news hub offers investors and industry professionals timely access to official announcements, strategic developments, and operational updates directly impacting ERJ's market position.
Track critical information through curated press releases>, including quarterly earnings, new aircraft certifications, and defense contract awards. Our repository simplifies monitoring of ERJ's technological advancements, sustainability initiatives, and global partnership expansions within the competitive aerospace sector.
Discover updates across Embraer's core segments: commercial aviation fleet developments, military aircraft programs, and executive jet innovations. Each announcement is verified for accuracy, providing reliable insights into production milestones, regulatory compliance achievements, and aftermarket service expansions.
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Embraer (NYSE: ERJ) reported strong performance in Q2 2024, with total deliveries increasing 88% quarter-on-quarter to 47 jets. The company's backlog reached a 7-year high of $21.1 billion, up more than 20% year-over-year. Commercial Aviation led growth with a 170% increase in deliveries compared to Q1. Executive Jets also showed solid performance, delivering 27 aircraft.
Key highlights include:
- Commercial Aviation backlog of $11.3 billion, boosted by a 20 E2 jet order from Mexicana de Aviación
- Delivery of the 1,800th E-Jet
- Executive Jets maintaining a positive book-to-bill ratio
- Delivery of the 2nd C-390 Millennium to the Portuguese Air Force
Embraer's 2024 guidance remains at 197-215 total deliveries across all segments.
Mexicana de Aviación has placed an order for 20 Embraer E2 aircraft, split evenly between 10 E190-E2 and 10 E195-E2 jets. Deliveries are scheduled to start in the second quarter of 2025. These jets will feature single-class layouts with 108 and 132 seats, respectively. This move marks Mexicana as the first E2 operator in Mexico, enhancing its fleet for better domestic and international connectivity, while highlighting the commitment to sustainability due to the aircraft's low operating costs and fuel efficiency. The airline has seen rapid growth since its re-launch in December 2023, already serving 18 destinations and transporting over 115,000 passengers.
Embraer S.A. released its first Quarter 2024 Earnings Results, reiterating 2024 guidance with Commercial Aviation deliveries between 72-80 aircraft, Executive Aviation deliveries between 125-135, total company revenues in the US$6.0-6.4 billion range, Adjusted EBIT margin between 6.5%-7.5%, and Adjusted free cash flow of US$220 million or higher. The firm order backlog reached US$21.1 billion, representing the highest level in 7 years. Revenues increased by +25% yoy, with Executive Aviation showing 2.75x growth. Adjusted EBIT margin improved to +0.8% in 1Q24. However, Adjusted free cash flow w/o Eve was negative US$(346) million due to preparation for higher deliveries in the future. Liability management reduced gross debt by US$276 million.
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