SÃO PAULO, Feb. 27,
2025 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; B3:
EMBR3) RELEASES ITS FOURTH QUARTER AND FISCAL YEAR 2024 EARNINGS
RESULTS.
HIGHLIGHTS
- Guidance for 2025: Commercial Aviation deliveries
between 77 and 85 aircraft, and Executive Aviation
deliveries between 145 and 155 aircraft. Total company
revenues in the US$7.0 to
US$7.5 billion range, adjusted
EBIT margin between 7.5% and 8.3%, and adjusted free
cash flow of US$200 million or
higher for the year.
- Revenues totaled US$2,311
million in 4Q24 and US$6,395 million in 2024 highest level
ever, +21% yoy and at the high end of guidance.
Highlight for Defense & Security revenues +40% yoy growth.
- Adjusted EBIT reached US$265.1 million with an
11.5% margin in 4Q24. In 2024, the
company reported adjusted EBIT of US$708.2
million and 11.1% margin (US$558.2
million and 8.7% ex-Boeing) above guidance.
- Adjusted free cash flow w/o Eve was
US$995.5 million during the
quarter and US$675.6 million
in 2024, supported by higher number of aircraft delivered, strong
performance in sales (pre downpayments – PDP's) and Boeing
arbitration. Consequently, the company finished 2024 with an
US$110.7 million net debt position
(w/o Eve).
- Embraer ended 2024 with a 0.1x net debt-to-Ebitda ratio,
down from 1.4x in 2023. Moody's upgraded Embraer's credit rating
from "Ba1" to "Baa3" with a stable outlook in December.
Consequently, all three main U.S. rating agencies classify the
company Investment Grade (IG).
- Embraer delivered 75 jets in 4Q24, of which 31
were commercial jets (20 E2s and 11 E1s) and 44 were
executive jets (22 light and 22 medium). In 2024,
the company delivered a total of 206 aircraft, of which
73 were commercial jets (47 E2s and 26 E1s), 130 were
executive jets (75 light and 55 medium) and 3
multi-mission C-390 Millennium in Defense & Security;
+14% versus the 181 aircraft delivered year over year (yoy).
Deliveries were in line with guidance for both Commercial and
Executive Aviation.
- Firm order backlog of US$26.3 billion in 4Q24 – the largest
ever recorded by the company in its history, more than 40% higher
yoy and 16% higher quarter over quarter (qoq). For more information
please see 4Q24 Backlog and Deliveries release.
For additional information, please check the full document on
our website ri.embraer.com.br
INVESTOR RELATIONS
Guilherme Paiva, Patrícia Mc Knight,
Viviane Pinheiro, Eliane Fanis, Marilia
Saback and Marcelo Cuperman.
(+55 12)3927-6017
investor.relations@embraer.com.br
ri.embraer.com.br
CONFERENCE CALL INFORMATION
Embraer will host a
conference call to present its 4Q24 and FY2024 results on:
Thursday Feb 27,
2025
ENGLISH: 7:00 AM (NY Time) / 9:00
AM (SP Time).
Translation to Portuguese.
To access the webcast click here.
Zoom webinar: 838 5827 6373
Or alternatively to participate by phone call:
U.S.: +1(929)205-6099, +1(253)205-0468
Brazil: +55(11)4632-2237,
+55(11)4680-6788
We recommend you join 15 minutes in advance.
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SOURCE Embraer S.A.
