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Embraer Selects Dassault Systèmes' Simulation Technology to Support Quieter eVTOL Aircraft Development for Eve Air Mobility
Businesswire· 2024-03-14 06:00
VELIZY-VILLACOUBLAY, France--(BUSINESS WIRE)--Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) and Embraer (NYSE: ERJ; B3: EMBR3) announced today that Dassault Systèmes’ simulation technology has been utilized to simulate, analyze and test virtually Eve Air Mobility’s (NYSE: EVEX) electric vertical take-off and landing (eVTOL) aircraft. Dassault Systèmes’ SIMULIA PowerFLOW application has provided robust and industry-proven fluid dynamics simulation to predict real-world operating conditions, all ...
Exploring Analyst Estimates for Embraer (ERJ) Q4 Earnings, Beyond Revenue and EPS
Zacks Investment Research· 2024-03-12 14:16
The upcoming report from Embraer (ERJ) is expected to reveal quarterly earnings of $0.27 per share, indicating an increase of 12.5% compared to the year-ago period. Analysts forecast revenues of $2.21 billion, representing an increase of 11.1% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings release, it is of ut ...
Embraer Stock: Still A Buy Despite Downgrade And Miss
Seeking Alpha· 2024-02-26 11:31
Photofex/iStock Editorial via Getty Images In September 2022, I put a buy rating on Embraer (NYSE:ERJ) stock and that rating has worked out quite well so far as the stock has appreciated 72% compared to a 25% gain for the broader markets. Since my last report, in which I marked ERJ stock a strong buy, the has gained around 13% which is in line with the broader market performance. In this report, I will be revisiting Embraer stock, and the main reason for that is that Embraer posted 2023 delivery numbers tha ...
3 Flying Car Stocks to Skip Despite the Strong Overall Outlook
InvestorPlace· 2024-02-13 19:56
The outlook for flying car stocks continues to be bright. Leading names in the space grew rapidly throughout 2023. Joby Aviation (NYSE:JOBY) doubled in price, while Archer Aviation (NYSE:ACHR) nearly tripled. Some forecasts anticipate 2024 will be as strong or stronger with 55% growth. Yet, every fledgling industry primed for rapid growth always suffers the same sort of progression whereby entrants come and go rapidly. The two companies mentioned immediately above are focused and have managed to attract the ...
Embraer deliveries increased 13% in 2023 and backlog reached US$18.7 billion, a US$1.2 billion growth
Prnewswire· 2024-01-30 23:44
Executive Aviation posted the largest delivery volume in 7 years C-390 was selected by South Korea, which reinforced sales momentum E2 deliveries more than doubled to 39 jets in 2023 Executive and Commercial Aviation book-to-bill in excess of 1:1 Services & Support backlog reached US$3.1 billion - the highest ever recorded SÃO JOSÉ DOS CAMPOS, Brazil, Jan. 30, 2024 /PRNewswire/ -- Embraer (NYSE: ERJ; B3: EMBR3) delivered 75 aircraft in 4Q23, with 49 executive jets (30 light and 19 medium), 25 commercial ...
Embraer(ERJ) - 2023 Q3 - Earnings Call Presentation
2023-11-06 14:04
Financial Performance - Embraer achieved double-digit revenue growth across all business units, with EBIT and cash flow aligning with expectations[1] - The company's firm order backlog increased due to higher sales in Commercial Aviation[12] - Embraer's 2023 operational and financial guidance remains unchanged[12] - Adjusted EBIT is projected to be between 64% and 74% for 2023[21] - Adjusted EBITDA is projected to be between 100% and 110% for 2023[21] Business Segment Highlights - **Defense & Security:** Revenue increased to US$366 million, with a resilient double-digit adjusted EBIT margin year-to-date[3] - **Defense & Security:** Backlog rose to US$28 billion, the highest on record[3] - **Commercial Aviation:** Backlog rose to US$86 billion with several active sales campaigns[14] - **Executive Aviation:** Revenue increased 25% YoY, with a 21% improvement in adjusted EBIT margin[14] - **Executive Aviation:** Delivery of 28 jets in 3Q23, 22% higher than 3Q22[14] - **Services & Support:** Revenue increased 24% YoY to US$366 million[3]
Embraer(ERJ) - 2023 Q1 - Quarterly Report
2023-03-30 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Commission File Number: 001-15102 Embraer S.A. Avenida Dra. Ruth Cardoso, 8501, 30th floor (part), Pinheiros, São Paulo, SP, 05425-070, Brazil (Address of principal executive offices) __________________________________ Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F x Form 40-F ¨ Indicate by check mark if the registrant is submitting the Form 6-K i ...
Embraer(ERJ) - 2022 Q4 - Annual Report
2023-03-30 16:00
FORM 20-F Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 EMBRAER S.A. (Exact name of Registrant as specified in its charter) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY RE ...
Embraer(ERJ) - 2022 Q4 - Earnings Call Presentation
2023-03-10 16:55
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Embraer(ERJ) - 2022 Q3 - Earnings Call Transcript
2022-11-14 15:43
Financial Data and Key Metrics Changes - The firm order backlog ended Q3 2022 at $70.8 billion, an increase of $1 billion compared to the same period last year, marking one of the highest backlogs since the pandemic began [13] - Revenue for Q3 2022 reached $929 million, down $30 million from Q3 2021, primarily due to lower revenue in defense and security [13] - Consolidated gross margin improved to 20.9% in the first nine months of 2022, up from 16% in the same period of 2021 [14] - Adjusted EBIT and EBITDA for Q3 2022 were $50 million and $93 million respectively, yielding adjusted EBIT and EBITDA margins of 5.4% and 10% [15] Business Line Data and Key Metrics Changes - In commercial aviation, 33 jets were delivered in Q3 2022, including 10 commercial jets and 23 executive jets, with a total of 27 commercial and 52 executive jets delivered year-to-date [12] - The gross margin in commercial aviation improved to 10% from 3.2% in the previous year [8] - Executive aviation delivered 23 jets in Q3 2022, a 10% increase compared to the same quarter last year, with a gross margin of 20.6% for the first nine months [8] - The service and support business achieved a gross margin of 29.9% in the first nine months of 2022, up from 26.4% in 2021 [10] Market Data and Key Metrics Changes - The company expanded its presence in the Middle East with a new operator, SalamAir, which ordered 6 E195-E2 jets [8] - The China Aviation Authority granted certification for the E190-E2, opening a significant market for the E2 family [8] Company Strategy and Development Direction - The company is focused on mitigating production challenges while maintaining a strong emphasis on safety and quality [6] - There is confidence in achieving revenue and profitability growth in the coming years, with production slots for 2023 and 2024 nearly filled [21] - The company is working on various activity campaigns with good prospects for new orders across all business units [21] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing supply chain constraints, particularly with engines, avionics, and interiors, which are expected to improve gradually [39] - The company remains cautious about delivery guidance, anticipating being at the lower end of the range due to supply chain issues [40] - Management expressed optimism about the midterm future, citing a focus on enterprise efficiency and innovation projects [21] Other Important Information - The company reported a negative free cash flow of $109 million in Q3 2022, attributed to higher working capital needs for increased deliveries in Q4 [17] - Total debt was reduced to $3.1 billion, down $808 million year-to-date, aligning with the company's liability management strategy [18] Q&A Session Summary Question: Long-term view on Eve - Management remains excited about the Eve project, with over 200 engineers dedicated to its development, viewing it as a significant innovation for long-term growth [25] - The company is locked into agreements for the next two years, with no immediate plans for monetization [26] Question: Delivery expectations for 2023 and 2024 - Management anticipates double-digit growth for both commercial and executive jets in 2023, with a positive outlook for future deliveries [29] Question: Cash flow expectations for Q4 - The implied cash flow for Q4 is projected at $250 million, with management cautious due to potential delivery risks [32][33] Question: Supply chain weaknesses - Management highlighted ongoing supply chain issues, particularly with engines and avionics, which are expected to persist into 2024 [39] Question: Services and support margins - Services and support are expected to maintain strong EBIT margins in 2023, driven by a growing fleet [44] Question: Pilot shortage impact in the U.S. - The pilot shortage is affecting E1 deliveries, but there is strong demand for E2 jets, with expectations for improvement in the pilot situation by 2024 [49]