EMBRAER EARNINGS RESULTS 2nd QUARTER 2024
Embraer (NYSE: ERJ; B3: EMBR3) reported its second-quarter results for 2024. Key highlights include the delivery of 47 jets, marking an 88% increase from 1Q24. Deliveries comprised 27 executive jets, 19 commercial jets, and 1 multi-mission C-390 Millennium. The firm order backlog reached $21.1 billion, a 7-year high, up over 20% annually.
Revenues totaled $1.494 billion, up 67% qoq, with commercial aviation revenues rising by 176%. Adjusted EBIT was $138.8 million with a 9.3% margin, improving from $6.8 million (0.8%) in 1Q24. However, adjusted free cash flow was negative at $(215) million due to working capital needs.
The company reiterated its 2024 guidance, expecting commercial aviation deliveries of 72-80 aircraft and executive aviation deliveries of 125-135. Total revenues are forecasted between $6.0-6.4 billion with an adjusted EBIT margin of 6.5%-7.5%, and adjusted free cash flow of $220 million or higher.
Embraer (NYSE: ERJ; B3: EMBR3) ha riportato i risultati del secondo trimestre per il 2024. I punti salienti includono la consegna di 47 aerei, con un aumento del 88% rispetto al 1Q24. Le consegne comprendevano 27 jet executive, 19 jet commerciali e 1 C-390 Millennium multi-missione. Il portafoglio ordini in attesa ha raggiunto i $21,1 miliardi, un massimo da 7 anni, con un incremento di oltre il 20% annuale.
I ricavi totali sono stati di $1,494 miliardi, con un incremento del 67% rispetto al trimestre precedente, mentre i ricavi dell'aviazione commerciale sono aumentati del 176%. L'EBIT rettificato è stato di $138,8 milioni con un margine del 9,3%, in miglioramento rispetto a $6,8 milioni (0,8%) nel 1Q24. Tuttavia, il flusso di cassa libero rettificato è stato negativo a $(215) milioni a causa delle necessità di capitale circolante.
L'azienda ha ribadito le sue previsioni per il 2024, prevedendo consegne di aviazione commerciale di 72-80 aeromobili e consegne di aviazione executive di 125-135. I ricavi totali sono previsti tra $6,0-6,4 miliardi, con un margine EBIT rettificato del 6,5%-7,5%, e un flusso di cassa libero rettificato di $220 milioni o superiore.
Embraer (NYSE: ERJ; B3: EMBR3) reportó sus resultados del segundo trimestre de 2024. Los aspectos más destacados incluyen la entrega de 47 jets, lo que representa un aumento del 88% en comparación con el 1Q24. Las entregas incluyeron 27 jets ejecutivos, 19 jets comerciales y 1 C-390 Millennium de misión múltiple. La cartera de pedidos firmes alcanzó los $21.1 mil millones, el nivel más alto en 7 años, y aumentó más del 20% anualmente.
Los ingresos totales alcanzaron los $1.494 mil millones, aumentando un 67% trimestre a trimestre, con los ingresos de la aviación comercial en aumento del 176%. El EBIT ajustado fue de $138.8 millones con un margen del 9.3%, mejorando desde $6.8 millones (0.8%) en el 1Q24. Sin embargo, el flujo de caja libre ajustado fue negativo en $(215) millones debido a las necesidades de capital de trabajo.
La compañía reiteró su guía para 2024, esperando entregas de aviación comercial de entre 72 y 80 aeronaves y entregas de aviación ejecutiva de entre 125 y 135. Se pronostica que los ingresos totales estarán entre $6.0 y $6.4 mil millones, con un margen de EBIT ajustado del 6.5% al 7.5%, y un flujo de caja libre ajustado de $220 millones o más.
엠브라에르(뉴욕증권거래소: ERJ; B3: EMBR3)가 2024년 2분기 실적을 발표했습니다. 주요 요점으로는 47대의 항공기가 인도되었으며, 이는 1분기 대비 88% 증가한 수치입니다. 인도된 항공기에는 27대의 비즈니스 제트, 19대의 상업용 제트, 그리고 1대의 다목적 C-390 밀레니엄이 포함됩니다. 확정 주문 잔고는 211억 달러에 달하며, 이는 7년 만에 가장 높은 수치로, 연간 20% 이상 증가했습니다.
매출은 총 14억 9,400만 달러에 달하며, 전 분기 대비 67% 증가했고, 상업 항공 부문의 매출은 176% 상승했습니다. 조정된 EBIT은 1억 3,880만 달러로 9.3%의 마진을 기록하며, 1분기 680만 달러(0.8%)에서 개선되었습니다. 그러나 조정된 자유 현금 흐름은 운영 자본 필요로 인해 -2억 1,500만 달러로 부정적이었습니다.
회사는 2024년 가이드를 재확인하며 상업 항공기 72-80대, 비즈니스 항공기 125-135대를 인도할 것으로 예상하고 있습니다. 총 매출은 60억-64억 달러로 예상되며, 조정된 EBIT 마진은 6.5%-7.5%로, 조정된 자유 현금 흐름은 2억 2,000만 달러 이상이 될 것으로 보입니다.
Embraer (NYSE: ERJ; B3: EMBR3) a publié ses résultats du deuxième trimestre 2024. Parmi les faits marquants, on note la livraison de 47 jets, représentant une augmentation de 88 % par rapport au 1er trimestre 2024. Les livraisons comprenaient 27 jets exécutifs, 19 jets commerciaux et 1 C-390 Millennium multi-mission. Le carnet de commandes a atteint 21,1 milliards de dollars, un niveau record sur 7 ans, en hausse de plus de 20 % par an.
Les revenus ont totalisé 1,494 milliard de dollars, en hausse de 67 % par rapport au trimestre précédent, avec les revenus de l'aviation commerciale augmentant de 176 %. L'EBIT ajusté s'est établi à 138,8 millions de dollars avec une marge de 9,3 %, s'améliorant par rapport à 6,8 millions de dollars (0,8 %) au 1er trimestre 2024. Cependant, le flux de trésorerie libre ajusté était négatif à -215 millions de dollars en raison des besoins en fonds de roulement.
L'entreprise a réitéré ses prévisions pour 2024, s'attendant à des livraisons d'aviation commerciale comprises entre 72 et 80 appareils et des livraisons d'aviation exécutive comprises entre 125 et 135. Les revenus totaux sont prévus entre 6,0 et 6,4 milliards de dollars, avec une marge EBIT ajustée de 6,5 % à 7,5 %, et un flux de trésorerie libre ajusté de 220 millions de dollars ou plus.
Embraer (NYSE: ERJ; B3: EMBR3) hat die Ergebnisse des zweiten Quartals 2024 veröffentlicht. Zu den wichtigsten Punkten gehören die Lieferung von 47 Flugzeugen, was einem Anstieg von 88% im Vergleich zum 1Q24 entspricht. Die Lieferungen umfassten 27 Executive Jets, 19 Verkehrsflugzeuge und 1 C-390 Millennium Mehrzweckflugzeug. Der Auftragsbestand erreichte 21,1 Milliarden Dollar, ein 7-Jahres-Hoch, und stieg um über 20% im Jahresvergleich.
Die Einnahmen betrugen insgesamt 1,494 Milliarden Dollar, was einem Anstieg von 67% im Quartalsvergleich entspricht, während die Einnahmen aus der kommerziellen Luftfahrt um 176% zunahmen. Der bereinigte EBIT betrug 138,8 Millionen Dollar mit einer Marge von 9,3%, eine Verbesserung gegenüber 6,8 Millionen Dollar (0,8%) im 1Q24. Der bereinigte freie Cashflow war jedoch mit -215 Millionen Dollar negativ aufgrund von Bedürfnissen im Umlaufvermögen.
Das Unternehmen bekräftigte seine Prognose für 2024 und erwartet die Lieferung von 72-80 Verkehrsflugzeugen und 125-135 Executive Jets. Die Gesamteinnahmen werden zwischen 6,0 und 6,4 Milliarden Dollar prognostiziert, mit einer bereinigten EBIT-Marge von 6,5%-7,5% und einem bereinigten freien Cashflow von 220 Millionen Dollar oder mehr.
- 88% increase in jet deliveries from 1Q24 to 2Q24.
- Firm order backlog of $21.1 billion, a 7-year high.
- 67% qoq revenue increase, totaling $1.494 billion.
- 176% growth in commercial aviation revenues.
- Adjusted EBIT of $138.8 million with a 9.3% margin.
- Adjusted free cash flow of $(215) million due to working capital needs.
Insights
Embraer's Q2 2024 results show strong performance with significant improvements across key metrics. The
However, the negative free cash flow of
Embraer's Q2 performance reflects a robust recovery in the aerospace sector. The 88% increase in aircraft deliveries compared to Q1 is particularly noteworthy, with a balanced mix across commercial, executive and defense segments. This diversification helps mitigate risks associated with individual market fluctuations.
The strong backlog growth indicates sustained demand for Embraer's products, especially in commercial aviation. However, the company must navigate potential supply chain challenges and inflationary pressures to maintain profitability. The C-390 Millennium delivery in the defense segment is a positive sign for this high-margin business line, potentially opening doors for more international contracts.
Embraer's Q2 results signal a positive trend in the aviation market recovery. The significant increase in deliveries, especially in the executive jet segment (27 out of 47 total deliveries), suggests a strong demand from business travelers and high-net-worth individuals. This aligns with broader industry trends of increased private aviation usage post-pandemic.
The commercial aviation segment's 176% revenue growth is particularly encouraging, indicating airlines are resuming fleet expansion and modernization plans. However, investors should monitor global economic conditions and fuel prices, which could impact future demand. The company's ability to maintain its guidance despite macroeconomic uncertainties demonstrates confidence in its market position and operational efficiency.
SÃO PAULO, Aug. 8, 2024 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; B3: EMBR3) RELEASES ITS SECOND QUARTER 2024 EARNINGS RESULTS.
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 in 2Q24 – a 7-year high, up more than$21.1 billion 20% annually. For more information please see our 2Q24 Backlog and Deliveries release. - Revenues totaled
US in the period or an increase of$1,494 million 67% compared to the previous quarter (qoq). Highlight for Commercial Aviation revenues with176% growth. - Adjusted EBIT reached
US with a$138.8 million 9.3% margin in 2Q24 (US and$6.8 million 0.8% in 1Q24). - Adjusted free cash flow w/o Eve in 2Q24 was negative
US because of working capital needs to support higher number of deliveries in the second half of 2024.$(215) million - 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, and Executive Aviation deliveries between 125 and 135. Total company revenues in the
US range, Adjusted EBIT margin between$6.0 -6.4 billion6.5% and7.5% , and Adjusted free cash flow ofUS or higher.$220 million
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 11)3040-6874
investor.relations@embraer.com.br
ri.embraer.com.br
CONFERENCE CALL INFORMATION
Embraer will host a conference call to present its 2Q24 Results on:
Thursday, Aug 8, 2024
ENGLISH: 8:00 AM (NY Time) / 9:00 AM (SP Time).
Simultaneous translation to Portuguese.
To access the webcast click here.
Zoom webinar: 829 8775 0865
Or alternatively to participate by phone call:
U.S.: +1(305)224-1968, +1(309)205-3325
Brazil: +55(11)4632-2236, +55(11)4632-2237
Password: 829 8775 0865
We recommend you join 15 minutes in advance.
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SOURCE Embraer S.A.
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