SÃO PAULO, May 7, 2024
/PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; B3: EMBR3) releases its
first Quarter 2024 Earnings Results.
HIGHLIGHTS
- 2024 Guidance reiterated: Management believes current
estimates are still valid and represent evenly balanced risks and
opportunities for full year operations. Commercial Aviation
deliveries between 72 and 80 aircraft, and Executive
Aviation deliveries between 125 and 135. Total company
revenues in the US$6.0-6.4
billion range, Adjusted EBIT margin between 6.5% and
7.5%, and Adjusted free cash flow of US$220 million or higher.
- Embraer delivered 25 jets in 1Q24 of which 18
were executive jets (11 light and 7 medium) and 7 were
commercial jets – an increase of +67% compared to the 15
aircraft delivered in 1Q23.
- Firm order backlog of US$21.1 billion in 1Q24 – the highest
level over the past 7 years. Commercial Aviation registered an
increase of US$2.3 billion (+26%
qoq). For more information please see our 1Q24 Backlog and
Deliveries release.
- Revenues totaled US$897
million in the quarter or an increase of +25% yoy.
Executive Aviation stood out with 2.75x growth – the highest 1Q
revenues and number of deliveries over the past 8 years.
- Adjusted EBIT reached US$6.8
million with an +0.8% margin in 1Q24 (-4.4% in
1Q23).
- Adjusted free cash flow w/o Eve in 1Q24
was negative US$(346)
million because of the preparation for higher number of
deliveries in the coming quarters.
- Liability management with further US$276 million reduction in gross debt w/o
Eve during the quarter.
For additional information, please check the full document on
our website ri.embraer.com.br
Investor Relations
Guilherme Paiva, CFA, Patrícia Mc
Knight, Viviane Pinheiro,
Eliane Fanis, Marilia Saback and Marcelo Cuperman.
(+55 11)
3040-6874
investor.relations@embraer.com.br
ri.embraer.com.br
CONFERENCE CALL INFORMATION
Embraer will host a conference call to present its 1Q24 Results
on:
Tuesday, May 7,
2024
ENGLISH: 8:00 AM (NY Time) / 9:00
AM (SP Time).
Simultaneous translation into
Portuguese.
To access the webcast click here.
Zoom webinar: 818 3897 0765
Or alternatively to participate by phone call:
U.S.: +1(305)224-1968,
+1(309)205-3325, +1(646)931-3860
Brazil:
+55(11)4632-2236, +55(11)4632-2237, +55(21)3958-7888
Password: 818 3897 0765
We recommend you join 15 minutes in advance.
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SOURCE Embraer S.A.