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. reports news on its aerospace manufacturing business, including commercial aircraft, executive jets, and defense aircraft. Recurring updates cover E-Jet and E2 aircraft orders, aircraft deliveries, backlog, quarterly earnings, and program activity across Commercial Aviation, Executive Aviation, Defense & Security, and related support operations.
Company announcements also include capital-market and shareholder matters, such as senior note tender offers, new debt issuance, share buyback authorizations, equity swap arrangements tied to share-based compensation plans, and material facts filed under Brazilian corporate and CVM disclosure rules.
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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