Introduction lvenks/iStock via Getty Images The 'Undercovered' Dozen is a Seeking Alpha editor-curated series highlighting 12 undercovered stock articles from the last week to provide ideas and provoke discussion among the community. Today we're looking at articles published between August 23rd - 29th. Take a look at what these less-covered stocks might hold for you. And please join the conversation below to share what you think: are any of these worth following up on? Ticker Rating Analyst OTCQB:KRKNF, PNG ...

Embraer S.A. (ERJ) recently announced that it has secured a contract from the Uruguayan Air Force to deliver up to six A-29 Super Tucano aircraft. The deal includes one aircraft with the option to purchase five more, with deliveries slated to begin in 2025. With the successful execution of the deal, Uruguay will become the sixth South American nation to adopt A-29 Super Tucano. The successful delivery of the aircraft is likely to bolster ERJ's top-line performance. Embraer & A-29 Super Tucano Aircraft Embra ...

The country will become the sixth operator of the aircraft in South America along with Brazil, Chile, Colombia, Ecuador and Paraguay MONTEVIDEO, Uruguay, Aug. 26, 2024 /PRNewswire/ -- Embraer today announced the sale of up to six A-29 Super Tucano aircraft to the Uruguayan Air Force (FAU). The contract, which is part of a fleet renew program to expand FAU's operational capacity, provides for the acquisition of one aircraft plus the commitment to acquire five additional units, with deliveries scheduled from ...

kamilpetran/iStock Editorial via Getty Images In September 2022, I marked Embraer a stock a buy and that buy rating has paid off extremely well with a nearly 220% increase in Embraer stock prices compared to a 38.5% gain for the broader markets. Since my strong buy rating in February of this year, the stock has gained 84% and now actually exceeds my price target. In this report, I will discuss the most recent results, assess the risks and opportunities and update my price target and rating. Why Our Embraer ...

Embraer S.A. (ERJ) recently clinched a contract from Virgin Australia for delivering eight of its E190-E2 small narrowbody aircraft. Deliveries are expected to start in the second half of 2025. The steady stream of orders for Embraer's E190-E2 aircraft underscores the jet maker's ability to meet the growing jet demand from airlines. Significance of Embraer's E190-E2 Jets The E190-E2 is considered to be the most fuel-efficient single-aisle aircraft, with the capacity to reduce emissions by about 30% compared ...

E190-E2 fleet to be based in Perth, Western Australia Embraer's E2 offers outstanding comfort, performance, the lowest noise emissions and fuel burn Delivery starts 2H2025 PERTH, Australia, Aug. 12, 2024 /PRNewswire/ -- Virgin Australia has placed a firm order with Embraer (B3: EMBR3, NYSE: ERJ) for eight E190-E2 small narrowbody aircraft, as part of its fleet renewal plan. The order will see the E190-E2, the world's most fuel-efficient single-aisle aircraft with the lowest noise emissions, complement the a ...

Financial Data and Key Metrics - Q2 2024 revenues increased by over 15% YoY, driven by Defense & Security (up over 100%), Commercial Aviation, and Service & Support (both up around 20%) [4] - First-half 2024 revenues grew 19% YoY, with Defense & Security leading at 50% growth, followed by Executive Aviation (24%), Service & Support (16%), and Commercial Aviation (12%) [5] - Operating margin improved by 1.6% to 9.3% in Q2, with a 2.7% gain in the first half of 2024 [5] - Firm order backlog reached $21.1 billion, the highest in seven years, with a book-to-bill ratio exceeding 2.2:1 [6] - Adjusted EBITDA for Q2 2024 was $190 million, with a 12.7% margin, compared to $149 million in Q2 2023 [15] - Adjusted EBIT margin improved to 9.3% in Q2 2024, supported by one-time items that boosted the margin by 250 basis points [17] Business Unit Performance - **Commercial Aviation**: Backlog increased by $3.3 billion YoY to $11.3 billion, with a book-to-bill ratio above 4:1. Deliveries and revenues nearly tripled sequentially in Q2, reaching 19 aircraft and $554 million [8] - **Executive Aviation**: Recorded the strongest first half in 10 years, with revenues of $575 million and 45 aircraft delivered. Backlog increased by $300 million to $4.6 billion, with a 1.5:1 book-to-bill ratio [9] - **Defense & Security**: Revenues increased 2.3 times YoY, with an adjusted EBIT margin improving to -0.5% in Q2 2024 from -4.1% in Q2 2023 [9] - **Service & Support**: Revenue grew 20% YoY in Q2, with a 1.3% gain in adjusted EBIT margin. Backlog remained stable at $3.1 billion [10] Market Performance - Commercial Aviation saw strong demand, with Mexicana de Aviación ordering 10 E190-E2s and 10 E195-E2s, with deliveries starting in Q2 2025 [6] - Defense & Security secured contracts for 90 C-390 Millennium aircraft with the Netherlands and Austria, and six Super Tucano aircraft with Paraguay [6] - Executive Aviation capitalized on strong sales momentum in both fleet and retail markets [7] Strategy and Industry Competition - The company is focused on improving supply chain efficiency by localizing teams near critical suppliers and implementing digital tools and AI [7] - Embraer remains confident in its eVTOL business, with EVE completing a $96 million equity round and progressing in prototype development [10][11] - The company reiterated its 2024 operational and financial guidance, expecting strong demand in its main markets [5] Management Commentary on Operating Environment and Future Outlook - Management highlighted ongoing supply chain challenges but expressed confidence in meeting 2024 delivery guidance [12][24] - The company expects double-digit growth in aircraft deliveries, revenue, and EBIT for 2024 and 2025, despite operational challenges [12] - Management sees bright prospects for the company, with a strong backlog and strategic plan in place [21] Other Important Information - The company completed the first flight of the E190 Freighter, a passenger-to-cargo conversion, certified by ANAC in July 2024 [10] - Embraer extended its revolving credit facility from $650 million to $1 billion, reflecting improved liquidity for Q3 [19] Q&A Session Summary Supply Chain and Delivery Guidance - Management expressed confidence in meeting 2024 delivery guidance despite supply chain challenges, citing proactive measures such as localized teams and digital tools [23][24] EBITDA Margin and Guidance - The company is closer to the high end of its EBITDA margin guidance, with potential for upside if all aircraft are delivered as planned [27][28] Defense Revenue Outlook - Defense revenues are expected to reach around $600 million in 2024, driven by C-390 and Super Tucano deliveries [30][31] EBIT Margin Impact - One-time items, including tax credits, boosted the EBIT margin by 250 basis points in Q2 [33][34] Commercial Aviation Orders - The company is working on multiple sales campaigns globally and expects new orders in Q3 and beyond [35] Business Jet Market - Strong demand for business jets continues, with production ramp-up being the primary challenge [37] Defense Margin Outlook - Defense margins are expected to improve, potentially reaching lower teens in the coming years [40][41] Cash Flow and Working Capital - The company expects to recover cash in Q4 as deliveries increase, with a target of turning 50% of EBITDA into cash [53][54] C-390 Profitability - The C-390 program is expected to be profitable by the end of 2024 [56] Digital Design Tools - Embraer is using digital tools like MES to improve manufacturing efficiency [61] LatAm Market and Competition - The company sees the E2 as a competitive product in the LatAm market, with ongoing discussions with potential customers [65][66] Stock Performance - Embraer's stock has grown significantly since the pandemic, with further growth expected [69][70] U.S. Defense Market - The company is exploring opportunities to penetrate the U.S. defense market, including potential mergers and acquisitions [73][74]

Embraer S.A. (ERJ) reported second-quarter 2024 adjusted earnings of 44 cents per American Depository Share (ADS), which beat the Zacks Consensus Estimate of 24 cents by 83.3%. The bottom line also improved 37.5% from 32 cents reported in the prior-year quarter. The company registered quarterly GAAP earnings of 54 cents per ADS against a loss of 10 cents per ADS in the second quarter of 2023. Total Revenues Revenues totaled $1.49 billion, up 15.5% year over year, primarily driven by higher revenues from its ...

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 ...