Welcome to our dedicated page for Embraer news (Ticker: ERJ), a resource for investors and traders seeking the latest updates and insights on Embraer stock.
Embraer S.A. (ERJ), a global leader in aerospace manufacturing, provides innovative solutions across commercial aviation, defense systems, and executive jets. This dedicated news hub offers investors and industry professionals timely access to official announcements, strategic developments, and operational updates directly impacting ERJ's market position.
Track critical information through curated press releases>, including quarterly earnings, new aircraft certifications, and defense contract awards. Our repository simplifies monitoring of ERJ's technological advancements, sustainability initiatives, and global partnership expansions within the competitive aerospace sector.
Discover updates across Embraer's core segments: commercial aviation fleet developments, military aircraft programs, and executive jet innovations. Each announcement is verified for accuracy, providing reliable insights into production milestones, regulatory compliance achievements, and aftermarket service expansions.
Bookmark this page for streamlined access to ERJ's evolving corporate narrative. Combine historical context with real-time updates to inform your analysis of this aerospace innovator's trajectory in global markets.
On May 6, 2022, Embraer S.A. (NYSE: ERJ) announced the approval of its Business Combination with Zanite Acquisition Corp. by Zanite stockholders. This decision is a critical milestone towards completing the merger, anticipated to close on May 9, 2022, pending certain customary conditions. This Business Combination aligns with Embraer's strategic focus on innovation and growth, further solidifying its commitment to advancing its strategic objectives.
Embraer S.A. (NYSE: ERJ) has successfully completed the sale of its total equity interest in Embraer Portugal Estruturas Metálicas S.A. and Embraer Portugal Estruturas em Compósitos S.A. to Aernnova Aerospace Corporation. This transaction, announced previously on January 12, 2022, was finalized on May 2, 2022, following the fulfillment of all contractual conditions. This strategic move signifies Embraer's ongoing efforts to optimize its operations and focus on core business areas.
Embraer S.A. (NYSE: ERJ) reported its First Quarter 2022 earnings, delivering 14 jets, including 6 commercial and 8 executive aircraft. The firm's order backlog increased to US$ 17.3 billion, the highest since Q2 2018. Revenue dropped by 26% year-over-year to US$ 600.9 million, impacted by a month of production downtime. However, gross margin improved to 20.1%. The company posted an Adjusted EBIT loss of US$ (27.0) million and free cash flow usage improved to US$ (67.8) million. Embraer reaffirmed its 2022 financial guidance.
Embraer (NYSE: ERJ) reported a total of 14 jet deliveries in Q1 2022, including six commercial and eight executive jets. The firm order backlog stood at USD 17.3 billion. Among the deliveries, the E175 model accounted for four jets, and the Phenom 300 led in executive aviation with five deliveries. The company also secured two contracts with the Brazilian Army for radar units and signed a long-term services agreement with Air Peace for its E195-E2 and ERJ 145 jets. The Phenom 300 series has maintained an average of 50 deliveries annually since 2009.
Embraer S.A. (NYSE: ERJ) has filed its Form 20-F report for the fiscal year ending 2021 with the U.S. SEC. This report is accessible on the SEC and Brazilian Securities and Exchange Commission websites, as well as Embraer's Investor Relations page. Shareholders can request a free hardcopy of the Annual Report 20-F from Embraer's Investor Relations Department. This filing ensures compliance with regulatory requirements and keeps investors informed about the company's financial status.
Eve UAM, LLC, a subsidiary of Embraer (NYSE: ERJ), has partnered with Acciona to enhance Urban Air Mobility (UAM) solutions. Following Eve's upcoming business combination with Zanite Acquisition Corp., Acciona will invest US$30 million and join Eve's Board of Directors. The partnership aims to establish a sustainable UAM ecosystem, focusing on infrastructure and innovative transport models. Acciona's expertise in sustainability is expected to bolster Eve's initiatives, which have an implied enterprise value of US$2.4 billion. Embraer retains an 82% equity stake post-combination.
Eve UAM, LLC, a subsidiary of Embraer (NYSE: ERJ), has signed a Letter of Intent with Global Crossing Airlines (OTCQB: JETMF) to potentially order up to 200 electric vertical take-off and landing (eVTOL) aircraft. This order adds to Eve's existing backlog of 1,785 eVTOLs, with deliveries expected to commence in 2026. The partnership aims to develop Urban Air Mobility solutions, leveraging GlobalX's experience as a flag airline to enhance infrastructure and deployment in North America.
Eve UAM, a subsidiary of Embraer, has formed a consortium with Skyports, L3Harris Technologies, and CAMI to develop a Concept of Operations (CONOPS) for Urban Air Mobility (UAM) between Miami International Airport and the Miami Beach Convention Center. This initiative aims to create a safe and efficient UAM ecosystem, informed by community feedback through 'listen and learn' sessions until June 30, 2022. The consortium partners will leverage their expertise in infrastructure and air traffic management to establish a foundational understanding for future UAM operations in Miami-Dade County.
Embraer S.A. provided its 2022 guidance, projecting 60 commercial and 100 executive aviation deliveries. The company anticipates consolidated revenues of $4.5 billion to $5.0 billion and adjusted EBIT margin between 3.5% and 4.5%. The adjusted EBITDA margin is expected to range from 8.0% to 9.0%, while the company aims for a free cash flow of $50 million or better. Embraer cautioned that forward-looking statements are estimates subject to change due to external factors.
Embraer S.A. (NYSE: ERJ) reported its earnings for Q4 and fiscal year 2021, delivering 55 jets in Q4, totaling 141 jets for the year. The firm order backlog reached US$ 17.0 billion, the highest since Q2 2018. Q4 revenues amounted to US$ 1.3 billion, with total revenues of US$ 4.2 billion for 2021. Free Cash Flow improved to US$ 452.6 million in Q4, surpassing guidance. Guidance for 2022 projects commercial jet deliveries of 60-70, executive jet deliveries of 100-110, and revenues between US$ 4.5 and US$ 5.0 billion.
