EMBRAER EARNINGS RESULTS 2nd QUARTER 2024
SÃO PAULO,
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 Deliveries release. -
Revenues
totaled
US$1,494 million in the period or an increase of 67% compared to the previous quarter (qoq). Highlight forCommercial Aviation revenues with 176% growth. -
Adjusted EBIT reached
US$138.8 million with a 9.3% margin in 2Q24 (US$6.8 million and 0.8% in 1Q24). -
Adjusted
free cash flow
w/o Eve
in 2Q24 was negative
US$(215) million because of working capital needs to support higher number of deliveries in the second half of 2024. -
2024 Guidance reiterated: Management believes current estimates are valid and represent evenly balanced opportunities and risks for full year operations.
Commercial Aviation deliveries between 72 and 80 aircraft, andExecutive Aviation deliveries between 125 and 135. Total company revenues in theUS$6.0-6.4 billion range, Adjusted EBIT margin between 6.5% and 7.5%, and Adjusted free cash flow ofUS$220 million or higher.
For additional information, please check the full document on our website ri.embraer.com.br
Investor Relations
(+55 11)3040-6874
investor.relations@embraer.com.br
ri.embraer.com.br
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