SÃO PAULO, Nov. 6, 2023
/PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; B3: EMBR3) releases its
third Quarter 2023 Earnings Results.
HIGHLIGHTS
- Embraer delivered 43 jets in the third quarter, of which
15 commercial aircraft and 28 executive jets
(19 light and 9 mid-size). The total number of deliveries represent
an increase of 30% compared to 3Q22 and an increase of 33% Year to
Date (YTD) from 105 versus 79 aircraft.
- Revenues reached US$ 1,284
million in the quarter (38% higher than 3Q22 and equal
to 2Q23). YTD revenues represent an increase of 29% compared to the
same period last year. All Business Units had higher revenues and
volumes Year over Year (YoY) and YTD, with the main highlight being
Commercial Aviation representing a strong growth of 68% YoY and 52%
YTD.
- Adjusted EBIT of 7.8% compared to 5.4% in 3Q22 due to
higher volumes in all business units.
- Firm order backlog ended 3Q23 at US$ 17.8 billion, the highest level in one
year, driven by higher sales in Commercial Aviation.
Commercial Aviation backlog rose from US$ 8
billion to US$ 8.6
billion compared to 2Q23, with 42 aircraft sold in 2023.
Services & Support reached US$
2.8 billion in the quarter, the highest volume ever recorded
in the business unit. Executive Aviation strong backlog at
US$ 4.3 billion highlights its
sustained demand backlog.
- Adjusted Free Cash Flow w/o EVE (FCF) in
3Q23 of US$ 44.0 million pointing to
a strong cash generation in the 4Q23 due to higher deliveries.
- Successful conclusion of Liability Management, extending the
average loan maturity to 4.8 years.
- Operational and financial guidance for 2023 remains
unchanged.
For additional information, please check the full document on
our website ri.embraer.com.br
Investor Relations
Leonardo Shinohara, Patricia Mc Knight, Viviane Pinheiro, Eliane
Fanis and Marcelo
Cuperman.
(+55 11)
3040-6874
investor.relations@embraer.com.br
ri.embraer.com.br
CONFERENCE CALL INFORMATION
Embraer will host a conference call to present its 3Q23 Results
on:
Monday, Nov 6, 2023
ENGLISH: 08:00 AM
(NY Time) / 10:00 AM (SP
Time).
Click here to access the webcast link
https://choruscall.com.br/embraer/3q23.htm
[choruscall.com.br]
To participate by phone call:
U.S.: Dial in +1 412 717-9627 or Toll Free: +1 844 204-8942
Brazil: +55 11 3181-8565 or +55 11
4090-1621
UK: +44 20 3795 9972
Web Phone:
https://hdbr.choruscall.com/?passcode=6879074&h=true&info=company&r=true
[hdbr.choruscall.com]
View original
content:https://www.prnewswire.com/news-releases/embraer-earnings-results-3rd-quarter-2023-301978442.html
SOURCE Embraer S.A.