Core Insights - Embraer S.A. reported second-quarter 2024 adjusted earnings of 44 cents per American Depository Share (ADS), exceeding the Zacks Consensus Estimate of 24 cents by 83.3% and improving 37.5% from 32 cents in the prior-year quarter [1] - Total revenues reached $1.49 billion, reflecting a year-over-year increase of 15.5%, driven by higher revenues from Commercial Aviation and Services & Support segments, and surpassing the Zacks Consensus Estimate by 6.4% [2] Financial Performance - The company achieved quarterly GAAP earnings of 54 cents per ADS, a significant improvement from a loss of 10 cents per ADS in the second quarter of 2023 [1] - Operating income was reported at $127.9 million, up from $73.2 million in the same quarter last year [6] - Adjusted EBITDA increased by 27.9% year-over-year to $190.4 million [6] Order & Delivery - Embraer delivered a total of 47 jets in the quarter, comprising 19 commercial and 27 executive jets, compared to 17 commercial and 30 executive jets in the prior-year quarter [3] - The backlog at the end of Q2 2024 stood at $21.1 billion, consistent with the prior-year quarter [3] Segment Performance - Executive Aviation segment revenues were $335.5 million, down 11% year-over-year due to lower delivery figures and product mix [4] - Defense & Security segment revenues surged 130% year-over-year to $187.2 million, driven by increased volume of C-390 jets [4] - Commercial Aviation segment revenues increased by 17% year-over-year to $553.5 million [4] - Services & Support segment revenues rose 19% year-over-year to $403.6 million [5] Cash Flow and Financial Position - As of June 30, 2024, cash and cash equivalents totaled $0.72 billion, down from $1.63 billion as of December 31, 2023 [7] - Adjusted free cash outflow (excluding Eve) was $215.1 million, an improvement from $346.1 million in the prior-year period [7] - Cash outflow from operating activities amounted to $348 million, compared to $521.4 million in the year-ago period [7] Guidance - Embraer reiterated its 2024 guidance, expecting to deliver between 72-80 commercial jets and 125-135 Executive Aviation jets [8] - The company anticipates revenues in the range of $6.0-$6.4 billion, with the Zacks Consensus Estimate at $6.27 billion [9] - Adjusted EBIT margin is projected to be between 6.5% and 7.5%, with adjusted free cash flow expected to be $220 million or more [9]

SÃO PAULO, Aug. 8, 2024 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; B3: EMBR3) RELEASES ITS SECOND QUARTER 2024 EARNINGS RESULTS. HIGHLIGHTS Embraer delivered 47 jets in 2Q24 of which 27 were executive jets (20 light and 7 medium), 19 were commercial jets and 1 multi-mission C-390 Millennium in Defense – an increase of 88% compared to the 25 aircraft delivered in 1Q24. Firm order backlog of US$21.1 billion in 2Q24 – a 7-year high, up more than 20% annually. For more information please see our 2Q24 Backlog and ...

FARNBOROUGH, England, July 23, 2024 /PRNewswire/ -- Embraer has published Market Outlook 2024, its 20-year forecast for commercial aircraft deliveries in the sub-150-seat category. The report was presented at a press briefing during the Farnborough International Airshow today. The relevance of the small narrowbody category is increasing. Larger aircraft are not always economically or operationally optimal for medium and lower-density markets, particularly when multiple daily frequencies are essential for th ...

FARNBOROUGH, England, July 23, 2024 /PRNewswire/ -- Embraer (B3: EMBR3, NYSE: ERJ) announced today during the Farnborough International Airshow, the most important aerospace industry event of the year, the sale of six A-29 Super Tucano aircraft to the Paraguayan Air Force (FAP). "We are honored by the Paraguayan Air Force (FAP) decision and very pleased to be able to announce more A29 Super Tucano sales, which is a leading aircraft in the international market in its segment. We are confident that the A-29 m ...

More than 7,500 CF34 engines are in service with more than 900 Regional and Business Jet operators globally. The CF34-8E has accumulated more than 40 million flight hours and 29 million cycles since entering service on the Embraer E170/175 in 2004. Today, the CF34 engine line, which includes -3, -8, and -10 models, powers more than 2,500 regional commercial aircraft. GE Aerospace has delivered nearly 11,000 CF34 engines and the line has a track record for outstanding reliability and durability, with a dispa ...

The C-390 will improve operational capacity by offering better performance, greater reliability, and higher transport capacity. Additionally, the choice for the C-390 ensures that the Royal Dutch and Austrian Air Forces are equipped with state-of-the-art technology to meet the mission demands of the future. The C-390 can carry more payload (26 tons) compared to other medium-sized military transport aircraft and flies faster (470 knots) and farther, being capable of performing a wide range of missions such a ...

SÃO PAULO, July 18, 2024 /PRNewswire/ -- Embraer (NYSE: ERJ; B3: EMBR3) delivered 47 jets in 2Q24, an 88% increase compared to the previous quarter (qoq), when 25 jets were delivered. The company's overall backlog ended at US$21.1 billion, more than 20% higher annually (yoy) and a 7-year high. Commercial Aviation was the highlight of the quarter with 19 jets deliveries – or circa 170% more qoq (7 jets in 1Q24). Meanwhile, Executive Jets delivered a solid performance with 27 aircraft (18 in 1Q24) while Defen ...

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Embraer (ERJ) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, ERJ crossed above the 20-day moving average, suggesting a short-term bullish trend. A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages. Simi ...

Investment Thesis Introduction History And Business Model Revenue, EBIT and Backlog (IR Company) Embraer Fundamentals | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------|---------|--------|--------|------------|--------|---------|-------| | | | | | | | | | | Name | Embraer | Boeing | Saab | Bombardier | GD | Textron | RTX | | Market Cap | $5.3B | $116B | $13.7B | $6.3B | $82B | $16.3B | $143B | | Revenue | $5.35B | $76B | $5B | $7.9B | $43B | $13.8B | $71B | | Revenue Growth 3 ...