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SÃO PAULO, Nov. 8, 2024 /PRNewswire/ — EMBRAER S.A. (NYSE: ERJ; B3: EMBR3) RELEASES ITS THIRD QUARTER 2024 EARNINGS RESULTS.
HIGHLIGHTS
- 2024 Steering up to date: Control believes prior steerage now not represents frivolously balanced alternatives and dangers for full-year operations. From an operations perspective, we estimate Industrial Flight deliveries between 70 and 73 plane (ailing from 72 and 80), and Govt Flight deliveries between 125 and 135 (unchanged). From a finance perspective, we forecast Revenues within the US$6.0-6.4 billion field (unchanged), Adjusted EBIT margin between 9.0% and 10.0% (up from 6.5% and seven.5%), and Adjusted Detached Money Tide of US$300 million or upper (up from US$220 million or upper).
- Fitch Rankings upgraded our credit standing from “BB+” to “BBB-” with a solid outlook in past due September. As a result, each S&P and Fitch these days charge the corporate Funding Grade (IG). Moody’s score rest Ba1 (i.e. one-notch underneath IG) nevertheless it not too long ago revised the corporate’s outlook to certain.
- Embraer delivered 59 jets in 3Q24 of which 41 had been government jets (22 bright and 19 medium), 16 had been business jets and 2 multi-mission C-390 Millennium in Protection & Safety; +26% as opposed to the 47 plane delivered quarter over quarter (qoq) and +37% as opposed to the 43 plane delivered 12 months over 12 months (yoy).
- Company series backlog of US$22.7 billion in 3Q24 – a pristine document, at a 9-year top stage, greater than 25% upper yoy and nearly 10% upper qoq. For more info refer to our 3Q24 Backlog and Deliveries release.
- Revenues totaled US$1,692 million within the length; +32% yoy. Spotlight for Govt Flight and Protection & Safety revenues +65% yoy enlargement every.
- Adjusted EBIT reached US$297.5 million with a 17.6% margin in 3Q24 (US$147.5 million and eight.7% ex-Boeing arbitration; US$100.1 million and seven.8% in 3Q23).
- Adjusted independent money current w/o Eve was once US$241.1 million all through the quarter on account of upper collection of plane delivered.
For backup knowledge, please test the entire record on our web site ri.embraer.com.br
INVESTOR RELATIONS
Guilherme Paiva, Patrícia Mc Knight, Viviane Pinheiro, Eliane Fanis, Marilia Saback and Marcelo Cuperman.
(+55 12)3927-6017
[email protected]
ri.embraer.com.br
CONFERENCE CALL INFORMATION
Embraer will host a convention name to provide its 3Q24 Effects on:
Thursday, Nov 8, 2024
ENGLISH: 7:00 AM (NY Age) / 9:00 AM (SP Age).
Translation to Portuguese.
To get entry to the webcast click on here.
Zoom webinar: 828 3217 1969
Or however to take part through telephone name:
U.S.: +1(929)205-6099, +1(253)205-0468
Brazil: +55(11)4632-2237, +55(11)4680-6788
We advise you tied quarter-hour in progress.
SOURCE Embraer S.A.
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