Embraer(US:ERJ)2023-11-06 14:04Financial 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]