Financial Data and Key Metrics Changes - The company reported a significant increase in backlog, reaching $31.3 billion, up 38% year-over-year, marking a new historical record [14] - Total revenues for the quarter were close to $2 billion, reflecting an 18% increase compared to the previous year [14] - Adjusted EBIT for the quarter was $236 million, with an 11.8% margin, compared to $172 million and an 8.6% margin in the same quarter last year [15][17] - The standalone net debt position decreased by $646 million to $439 million, with a net debt/EBIT ratio of only 0.5 times [18] Business Line Data and Key Metrics Changes - In commercial aviation, revenues increased by 31% due to a better product mix and higher volumes and prices, with a backlog of $15.2 billion [9][14] - Executive aviation achieved record revenues of approximately $580 million, with a backlog of $7.3 billion and a 2.4-1 book-to-bill ratio [6][14] - Defense and security revenues grew by 27%, with a backlog of $3.9 billion and a 1.3-1 book-to-bill ratio [7][14] - Service & Support revenues rose by 16%, with a backlog of $4.9 billion and a 1.8-1 book-to-bill ratio [7][14] Market Data and Key Metrics Changes - The company noted strong demand in executive aviation, reflecting robust customer relationships and product strength [22] - The defense segment is gaining traction in key global campaigns, including orders from Portugal and Panama [7][22] Company Strategy and Development Direction - The company is focused on efficiency and innovation to support sustainable growth, with significant investments in new technologies [5][9] - Continuous improvement initiatives, including over 800 Kaizen projects, have led to a 16% increase in aircraft deliveries this year [8] - The company is transforming its supply chain through Supply Chain Management 2.0, integrating digital technologies and AI for better planning [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting the 2025 guidance, expecting to deliver between 77 and 85 aircraft in commercial aviation and 145-155 in executive aviation [12] - The company anticipates substantial mid-term growth while strategically investing in new technologies for future expansion [23] - Management acknowledged supply chain risks but indicated that they have all necessary parts for assembly, focusing on production stability for 2026 [61] Other Important Information - The company declared nearly BRL 210 million in interest on equity over the past two quarters, translating to a 0.35% dividend yield [21] - A new liability management initiative was announced, including a $1 billion long-term bond issuance [20] Q&A Session Summary Question: Future return to shareholders considering the net cash position - Management is evaluating capital structure and potential for share buybacks or increased dividends but currently does not foresee additional dividends [29][30] Question: Expansion of work scope for American Airlines' E-Jets fleet retrofit - The company is involved in a program with American Airlines for a complete interior refresh, which includes new seats and better connectivity [31][32] Question: Impact of higher costs on executive aviation EBIT margin - Cost inflation is a trend in the industry, and U.S. import tariffs have negatively impacted margins [36][38] Question: Clarification on tax credits and one-off adjustments - Tax credits in commercial aviation relate to import parts, while a one-off adjustment in defense was due to reassigning a plane in production [41][42] Question: Status of Pratt GTF engines and Amazon surveillance program - The PW1900G engine is performing well, and there are no current projects related to the Amazon surveillance system [46][48] Question: Expected U.S. tariff impact on coming quarters - The company expects to recognize about $35 million in tariffs in Q4, working to reduce exposure [78][79]

Financial Data and Key Metrics Changes - The company reported a significant increase in backlog, reaching $31.3 billion, up 38% year-over-year, marking a new historical record [15] - Total revenues for the quarter were close to $2 billion, reflecting an 18% increase compared to the previous year [15] - Adjusted EBIT for the quarter was $236 million, with an 11.8% margin, compared to $172 million and an 8.6% margin in the same quarter last year [16][18] - Net income for the quarter was reported at $170 million, with an adjusted net income of $54 million, a decline from $167 million year-over-year [18] Business Line Data and Key Metrics Changes - In Commercial Aviation, revenues increased by 31% due to a better product mix and higher volumes and prices, with a backlog of $15.2 billion [9][10] - Executive Aviation achieved record revenues of approximately $580 million, with a backlog of $7.3 billion, supported by a 2.4-1 book-to-bill ratio [5][6] - Defense & Security revenues grew by 27%, with a backlog of $3.9 billion and a 1.3-1 book-to-bill ratio [7][10] - Service & Support revenues rose by 16%, with a backlog of $4.9 billion and a 1.8-1 book-to-bill ratio [7][10] Market Data and Key Metrics Changes - The company noted strong demand in the executive aviation sector, with the delivery of its 2,000th business jet [6] - The Defense & Security division is expanding its global presence, with new agreements signed for the A-29 Super Tucano [7] - The company is experiencing a positive phase in commercial aviation, with new orders contributing to a robust backlog [5][23] Company Strategy and Development Direction - The company is focused on efficiency and innovation to support sustainable growth, with significant investments in new technologies and facilities [5][9] - The strategy includes transforming the supply chain through digital technologies and AI for better planning and forecasting [9] - The company aims for substantial mid-term growth while preparing for long-term expansion through new product development [24][88] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting operational guidance despite supply chain risks, expecting to deliver between 77 and 85 commercial aircraft and 145 to 155 executive aircraft in 2025 [12] - The company anticipates a net cash position by year-end, reflecting strong financial health [19] - Management highlighted the importance of maintaining a focus on quality and safety while pursuing growth opportunities [24] Other Important Information - The company announced a new liability management initiative, issuing a $1 billion long bond and repurchasing $809 million of existing bonds [20] - The ticker symbol was updated to EMBJ to better reflect the company's strategy [21] - The company declared nearly BRL 210 million in interest on equity, translating to a dividend yield of 0.35% [22] Q&A Session Summary Question: Future returns to shareholders and potential buybacks - Management is evaluating capital structure and considering share buybacks, but no firm decisions have been made yet [31][32] Question: Expansion of work scope for American Airlines' E-Jets fleet - The company is involved in a program with American Airlines for a full interior refresh, which includes new seats and better connectivity [34] Question: Impact of higher costs on executive aviation EBIT margin - Cost inflation is a trend in the industry, and tariffs have also impacted margins, contributing to fluctuations [39][40] Question: Clarification on tax credits and one-off adjustments - Tax credits in commercial aviation relate to import parts, while defense margins were positively adjusted due to a contract reassignment [44] Question: Status of Pratt GTF engines and competition - The PW1900G engine used in E2 aircraft is performing well, with improvements expected, while competition remains strong in the market [49] Question: Expected U.S. tariff impact on coming quarters - The company anticipates a total of $60 million-$65 million in tariffs for the year, with efforts to reduce exposure [78]

Financial Data and Key Metrics Changes - The company reported a significant increase in backlog, reaching $31.3 billion, up 38% year-over-year, marking a new historical record [13] - Revenues for the quarter were close to $2 billion, reflecting an 18% increase compared to the previous year [13] - Adjusted EBIT for Q3 2025 was $236 million, with an 11.8% margin, compared to $147 million or 8.7% margin in Q3 2024 [15] - The net debt position decreased by $646 million to $439 million, with a net debt/EBIT ratio of 0.5 times, a significant improvement from 1.3 times a year earlier [18] Business Line Data and Key Metrics Changes - In commercial aviation, revenues increased by 31% due to a better product mix and higher volumes and prices, with adjusted EBIT margin improving from -4.8% to +1.3% [8][9] - Executive aviation revenues rose by 4%, but adjusted EBIT margin decreased by 4.2 percentage points due to product mix and higher costs [9] - Defense and security revenues grew by 27%, with adjusted EBIT margin improving from 7.2% to 12.9% [9] - Service and support revenues increased by 16%, but adjusted EBIT margin decreased by 5 percentage points due to delays in services and materials [9] Market Data and Key Metrics Changes - The commercial aviation backlog increased to $15.2 billion, with a book-to-bill ratio of 2.7-1 [4] - Executive aviation backlog reached $7.3 billion, with a book-to-bill ratio of 2.4-1 [4] - The defense and security division closed the quarter with a backlog of $3.9 billion and a book-to-bill ratio of 1.3-1 [5] - The service and support business unit finished the quarter with a backlog of $4.9 billion and a book-to-bill ratio of 1.8-1 [5] Company Strategy and Development Direction - The company is focused on efficiency and innovation, with a strong emphasis on sustainable growth [4] - Investments in new technologies and facilities are aimed at enabling higher production volumes and faster deliveries [8] - The company is transforming its supply chain through digital technologies and AI for smarter planning and forecasting [8] - Future growth is expected to be driven by new products and technologies, including potential electric propulsion aircraft [85] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting the 2025 guidance despite supply chain risks, expecting to deliver between 77 and 85 aircraft in commercial aviation [11] - The company anticipates a strong performance in Q4, with a focus on delivering a significant number of aircraft [60] - Management highlighted the importance of maintaining a strong balance sheet and evaluating future returns to shareholders [28] Other Important Information - The company declared nearly BRL 210 million in interest on equity over the past two quarters, translating to a 0.35% dividend yield [20] - A new liability management initiative was announced, including the issuance of a $1 billion long bond [19] - The company updated its ticker symbol to MBJ to better reflect its current strategy [20] Q&A Session Summary Question: Future Return to Shareholders - Management is evaluating capital structure and potential for share buybacks or increasing dividends, but no firm decisions have been made yet [28] Question: E-Jets Fleet Retrofit - The company is involved in a program with American Airlines for interior upgrades, which includes new seats and better connectivity [31] Question: EBIT Margin in Executive Segment - Cost inflation is impacting margins, and tariffs are expected to weigh on executive aviation margins [36][37] Question: Tax Credits and One-off Adjustments - Tax credits in commercial aviation relate to import parts, while defense margins benefited from a contract-related adjustment [42] Question: U.S. Tariff Impact - The company expects about $35 million in tariffs for Q4, with efforts to reduce exposure [76] Question: Future Expansion Plans - The company is investing in new technologies and preparing for future growth cycles, including potential new aircraft [85]

Financial Highlights - Embraer reported strong sales momentum with higher backlog across all business units (BUs) [4] - The company achieved an all-time high 3Q revenues in Executive Jets, approximately $580 million [9] - The company's backlog reached $15.2 billion [10] - Commercial Aviation revenue increased by 31% year-over-year, with an EBIT of $8 million [25] - Defense & Security revenue increased by 27% year-over-year, with an EBIT of $36 million [32] - Services & Support revenue increased by 16% year-over-year, with an EBIT of $68 million [34] - Net revenues increased by 18% from $1.692 billion to $2.004 billion [47] Operational Performance - Executive Aviation delivered over 2,000 business jets [9] - Commercial Aviation deliveries increased by 25% [42] - Aircraft deliveries increased by 16% due to driving efficiency [20] - Average shortages were reduced by 25% [21] Strategic Initiatives - The company is focused on capacity increase and supply chain management [5] - The company is focused on midterm growth and long-term innovation [8]