EMBRAER EARNINGS RESULTS 4th QUARTER AND FISCAL YEAR 2024
Embraer (NYSE: ERJ) reported strong financial results for Q4 and FY2024, with record-breaking annual revenues of $6.395 billion, up 21% year-over-year. The company delivered 206 aircraft in 2024, a 14% increase from 2023, meeting guidance targets for both Commercial and Executive Aviation.
Q4 revenues reached $2.311 billion, with adjusted EBIT of $265.1 million and an 11.5% margin. The Defense & Security segment showed remarkable growth of 40% YoY. The firm order backlog reached a historic high of $26.3 billion, representing a 40% YoY increase.
For 2025, Embraer projects Commercial Aviation deliveries of 77-85 aircraft and Executive Aviation deliveries of 145-155 aircraft. Revenue guidance is set at $7.0-7.5 billion, with adjusted EBIT margin of 7.5-8.3% and adjusted free cash flow of $200 million or higher.
Embraer (NYSE: ERJ) ha riportato risultati finanziari solidi per il quarto trimestre e l'anno fiscale 2024, con ricavi annuali record di 6,395 miliardi di dollari, in aumento del 21% rispetto all'anno precedente. L'azienda ha consegnato 206 aerei nel 2024, un aumento del 14% rispetto al 2023, raggiungendo gli obiettivi di guida sia per l'Aviazione Commerciale che per quella Esecutiva.
I ricavi del quarto trimestre hanno raggiunto 2,311 miliardi di dollari, con un EBIT rettificato di 265,1 milioni di dollari e un margine dell'11,5%. Il segmento Difesa e Sicurezza ha mostrato una crescita notevole del 40% su base annua. Il portafoglio ordini fermo ha raggiunto un massimo storico di 26,3 miliardi di dollari, rappresentando un aumento del 40% rispetto all'anno precedente.
Per il 2025, Embraer prevede consegne di aerei per l'Aviazione Commerciale tra 77 e 85 unità e per l'Aviazione Esecutiva tra 145 e 155 unità. Le previsioni di fatturato sono fissate tra 7,0 e 7,5 miliardi di dollari, con un margine EBIT rettificato del 7,5-8,3% e un flusso di cassa libero rettificato di 200 milioni di dollari o superiore.
Embraer (NYSE: ERJ) reportó resultados financieros sólidos para el cuarto trimestre y el año fiscal 2024, con ingresos anuales récord de $6.395 millones, un aumento del 21% en comparación con el año anterior. La compañía entregó 206 aeronaves en 2024, un incremento del 14% respecto a 2023, cumpliendo con las metas de orientación tanto para la Aviación Comercial como para la Ejecutiva.
Los ingresos del cuarto trimestre alcanzaron $2.311 millones, con un EBIT ajustado de 265,1 millones de dólares y un margen del 11,5%. El segmento de Defensa y Seguridad mostró un crecimiento notable del 40% interanual. La cartera de pedidos en firme alcanzó un máximo histórico de $26.3 mil millones, lo que representa un aumento del 40% en comparación con el año anterior.
Para 2025, Embraer proyecta entregas de aviación comercial de entre 77 y 85 aeronaves y entregas de aviación ejecutiva de entre 145 y 155 aeronaves. La guía de ingresos se establece entre $7.0 y $7.5 mil millones, con un margen EBIT ajustado del 7.5-8.3% y un flujo de caja libre ajustado de $200 millones o más.
엠브라에르 (NYSE: ERJ)는 2024년 4분기 및 회계연도에 대해 강력한 재무 실적을 보고했으며, 연간 수익이 63억 9,500만 달러로 전년 대비 21% 증가하여 기록적인 수치를 기록했습니다. 회사는 2024년에 206대의 항공기를 인도했으며, 이는 2023년 대비 14% 증가한 수치로 상업 및 전세 항공 모두에 대한 가이던스 목표를 달성했습니다.
4분기 수익은 23억 1,100만 달러에 도달했으며, 조정된 EBIT는 2억 6,510만 달러, 마진은 11.5%였습니다. 방산 및 보안 부문은 전년 대비 40%의 놀라운 성장을 보였습니다. 확정 주문 잔고는 263억 달러로 역사적인 최고치를 기록하며, 이는 전년 대비 40% 증가한 수치입니다.
2025년에는 엠브라에르가 상업 항공기 77-85대, 전세 항공기 145-155대를 인도할 것으로 예상하고 있습니다. 수익 가이던스는 70억-75억 달러로 설정되며, 조정된 EBIT 마진은 7.5-8.3%, 조정된 자유 현금 흐름은 2억 달러 이상입니다.
Embraer (NYSE: ERJ) a annoncé des résultats financiers solides pour le quatrième trimestre et l'exercice 2024, avec des revenus annuels record de 6,395 milliards de dollars, en hausse de 21 % par rapport à l'année précédente. L'entreprise a livré 206 avions en 2024, soit une augmentation de 14 % par rapport à 2023, atteignant les objectifs de prévisions tant pour l'aviation commerciale que pour l'aviation exécutive.
Les revenus du quatrième trimestre ont atteint 2,311 milliards de dollars, avec un EBIT ajusté de 265,1 millions de dollars et une marge de 11,5 %. Le segment Défense et Sécurité a montré une croissance remarquable de 40 % d'une année sur l'autre. Le carnet de commandes ferme a atteint un niveau historique de 26,3 milliards de dollars, représentant une augmentation de 40 % par rapport à l'année précédente.
Pour 2025, Embraer prévoit des livraisons d'aviation commerciale de 77 à 85 avions et des livraisons d'aviation exécutive de 145 à 155 avions. Les prévisions de revenus sont fixées entre 7,0 et 7,5 milliards de dollars, avec une marge EBIT ajustée de 7,5 à 8,3 % et un flux de trésorerie libre ajusté de 200 millions de dollars ou plus.
Embraer (NYSE: ERJ) hat für das vierte Quartal und das Geschäftsjahr 2024 starke Finanzergebnisse gemeldet, mit Rekordumsätzen von 6,395 Milliarden Dollar, was einem Anstieg von 21% im Vergleich zum Vorjahr entspricht. Das Unternehmen lieferte 206 Flugzeuge im Jahr 2024 aus, was einem Anstieg von 14% im Vergleich zu 2023 entspricht, und erfüllte die Zielvorgaben sowohl für die kommerzielle als auch für die Executive Aviation.
Die Umsätze im vierten Quartal erreichten 2,311 Milliarden Dollar, mit einem bereinigten EBIT von 265,1 Millionen Dollar und einer Marge von 11,5%. Der Bereich Verteidigung und Sicherheit zeigte ein bemerkenswertes Wachstum von 40% im Jahresvergleich. Der Auftragsbestand erreichte mit 26,3 Milliarden Dollar einen historischen Höchststand, was einem Anstieg von 40% im Jahresvergleich entspricht.
Für 2025 prognostiziert Embraer die Auslieferung von 77-85 Flugzeugen in der kommerziellen Luftfahrt und 145-155 Flugzeugen in der Executive Aviation. Die Umsatzprognose liegt zwischen 7,0 und 7,5 Milliarden Dollar, mit einer bereinigten EBIT-Marge von 7,5-8,3% und einem bereinigten freien Cashflow von 200 Millionen Dollar oder mehr.
- Record annual revenue of $6.395B (+21% YoY)
- Historic high backlog of $26.3B (+40% YoY)
- Defense & Security revenue growth of 40% YoY
- Strong adjusted EBIT margin of 11.1% in 2024
- Achieved Investment Grade status from all 3 major rating agencies
- Net debt-to-EBITDA ratio improved to 0.1x from 1.4x
- Projected lower EBIT margin for 2025 (7.5-8.3% vs 11.1% in 2024)
- Expected lower free cash flow in 2025 ($200M+ vs $675.6M in 2024)
Insights
Embraer has delivered exceptional performance in 2024, with record-breaking $6.4 billion revenue (+21% YoY) and significantly improved profitability with adjusted EBIT of $708.2 million (11.1% margin), exceeding guidance. The Defense & Security segment emerged as a standout performer with 40% YoY growth, indicating successful diversification beyond commercial aviation.
The company's financial health has transformed dramatically, achieving a near-zero net debt position (0.1x net debt-to-EBITDA, down from 1.4x) and securing investment grade status from all three major rating agencies. This rating upgrade will reduce borrowing costs and enhance financial flexibility for future investments.
The record $26.3 billion backlog (+40% YoY) provides exceptional revenue visibility, representing approximately 4 years of production at current rates. The increasing proportion of E2 jets in commercial deliveries (47 E2s vs 26 E1s) signals a positive transition to higher-margin next-generation aircraft.
Cash generation has been particularly impressive, with $675.6 million in adjusted free cash flow for 2024, bolstered by stronger aircraft deliveries, advance deposits, and a favorable Boeing arbitration outcome. This cash generation transforms Embraer's strategic options for shareholder returns or growth investments.
The 2025 guidance suggests continued growth but with slightly more conservative margins (7.5-8.3% vs 11.1% achieved in 2024), potentially indicating management's caution about supply chain constraints or inflationary pressures. The projected delivery increase in both commercial (77-85 vs 73) and executive segments (145-155 vs 130) demonstrates confidence in production capacity and market demand despite macroeconomic uncertainties.
Embraer's 2024 results reveal an aerospace manufacturer firing on all cylinders, outpacing the broader industry recovery. The 14% increase in deliveries to 206 aircraft demonstrates strong execution amid persistent supply chain challenges that continue to hamper competitors. Most telling is the accelerating transition to next-generation aircraft, with E2 jets now comprising 64% of commercial deliveries, up from approximately 50% in 2023, driving better fuel efficiency for operators and higher margins for Embraer.
The record $26.3 billion backlog represents a transformative shift in Embraer's market position. This exceptional 40% YoY growth significantly outpaces industry averages and provides unprecedented production visibility. The backlog-to-annual-revenue ratio now exceeds 4:1, among the strongest in the aerospace sector, creating a substantial buffer against potential economic headwinds.
The defense segment's progress with three C-390 Millennium deliveries marks a critical inflection point for this program, which is gaining international traction as a cost-effective alternative to Lockheed Martin's C-130. Recent orders from NATO countries validate this platform's global potential beyond traditional Brazilian markets.
Embraer's 2025 guidance suggests continued momentum but with calculated conservatism. The projected 5-16% growth in commercial deliveries aligns with the company's production capacity expansion while acknowledging ongoing supply chain constraints, particularly in engines and avionics. The executive jet delivery guidance of 145-155 aircraft capitalizes on the continuing strength in business aviation demand, where Embraer has successfully positioned its Phenom and Praetor families against Textron and Bombardier offerings.
The achievement of investment grade status from all three major rating agencies represents a competitive advantage, potentially reducing financing costs by 75-100 basis points for both Embraer and its customers, enhancing the company's position against larger competitors who benefit from scale economies.
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 to$7.0 US range, adjusted EBIT margin between$7.5 billion 7.5% and8.3% , and adjusted free cash flow ofUS or higher for the year.$200 million - Revenues totaled
US in 4Q24 and$2,311 million US in 2024 highest level ever, +$6,395 million 21% yoy and at the high end of guidance. Highlight for Defense & Security revenues +40% yoy growth. - Adjusted EBIT reached
US million with an$265.1 11.5% margin in 4Q24. In 2024, the company reported adjusted EBIT ofUS and$708.2 million 11.1% margin (US and$558.2 million 8.7% ex-Boeing) above guidance. - Adjusted free cash flow w/o Eve was
US during the quarter and$995.5 million US 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$675.6 million US net debt position (w/o Eve).$110.7 million - 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 in 4Q24 – the largest ever recorded by the company in its history, more than$26.3 billion 40% higher yoy and16% 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:
We recommend you join 15 minutes in advance.
View original content:https://www.prnewswire.com/news-releases/embraer-earnings-results-4th-quarter-and-fiscal-year-2024-302387668.html
SOURCE Embraer S.A.
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