EMBRAER EARNINGS RESULTS 1st QUARTER 2024
SÃO PAULO,
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, andExecutive Aviation deliveries between 125 and 135. Total company revenues in theUS$6.0-6.4 billion range, Adjusted EBIT margin between 6.5% and 7.5%, and Adjusted free cash flow ofUS$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 ofUS$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
(+55 11) 3040-6874
investor.relations@embraer.com.br
ri.embraer.com.br
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