SÃO PAULO,
HIGHLIGHTS
-
2024 Guidance updated: Management believes prior guidance no longer represents evenly balanced opportunities and risks for full-year operations. From an operations point of view, we estimate
Commercial Aviation deliveries between 70 and 73 aircraft (down from 72 and 80), andExecutive Aviation deliveries between 125 and 135 (unchanged). From a finance point of view, we forecast Revenues in theUS$6.0-6.4 billion range (unchanged), Adjusted EBIT margin between 9.0% and 10.0% (up from 6.5% and 7.5%), and Adjusted Free Cash Flow ofUS$300 million or higher (up fromUS$220 million or higher). - Fitch Ratings upgraded our credit rating from "BB+" to "BBB-" with a stable outlook in late September. Consequently, both S&P and Fitch currently rate the company Investment Grade (IG). Moody's rating remains Ba1 (i.e. one-notch below IG) but it recently revised the company's outlook to positive.
-
Embraer delivered 59 jets in 3Q24 of which 41 were executive jets (22 light and 19 medium), 16 were commercial jets and 2 multi-mission C-390 Millennium in Defense & Security; +26% versus the 47 aircraft delivered quarter over quarter (qoq) and +37% versus the 43 aircraft delivered year over year (yoy). -
Firm order backlog
of
US$22.7 billion in 3Q24 – a new record, at a 9-year high level, more than 25% higher yoy and almost 10% higher qoq. For more information please see our 3Q24 Backlog and Deliveries release. -
Revenues
totaled
US$1,692 million in the period; +32% yoy. Highlight forExecutive Aviation and Defense & Security revenues +65% yoy growth each. -
Adjusted EBIT reached
US$297.5 million with a 17.6% margin in 3Q24 (US$147.5 million and 8.7% ex-Boeing arbitration;US$100.1 million and 7.8% in 3Q23). -
Adjusted
free cash flow
w/o Eve was
US$241.1 million during the quarter because of higher number of aircraft delivered.
For additional information, please check the full document on our website ri.embraer.com.br
INVESTOR RELATIONS
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investor.relations@embraer.com.br
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