Welcome to our dedicated page for Embraer S.A. news (Ticker: ERJ), a resource for investors and traders seeking the latest updates and insights on Embraer S.A. stock.
Embraer S.A. (NYSE: ERJ; B3: EMBR3) is a leading Brazilian multinational aerospace manufacturer with its headquarters in São José dos Campos, São Paulo. Established in 1969, the company specializes in designing, developing, and manufacturing a wide range of aircraft, including commercial, military, executive, and agricultural aircraft, and offers comprehensive aeronautical services.
Business Segments:
- Commercial Aviation: Embraer is renowned for its E-Jets family, which has seen a significant increase in deliveries, particularly the E2 group. In 2023, the company delivered 64 commercial jets, marking a 12% increase from the previous year.
- Defense and Security: Embraer's C-390 Millennium has been a standout, recently winning South Korea's Large Transport Aircraft public tender. The aircraft is recognized for its reliability and multi-mission capability, including cargo transport, medical evacuation, and firefighting.
- Executive Aviation: Embraer offers a range of business jets, including the Phenom 100EX, Phenom 300E, Praetor 500, and Praetor 600. The company is expanding its MRO facilities in the U.S. to support the growing customer base.
- Service and Support: This segment has shown robust growth with a backlog of US$3.1 billion, driven by renewed contracts and innovative solutions like the Pool Program and Embraer Executive Care.
Key Achievements and Projects:
- Embraer delivered 181 aircraft in 2023, up 13% from 2022, with a significant backlog of US$18.7 billion.
- Successful entry of the first NATO-configured KC-390 Millennium for the Portuguese Air Force.
- Expansion of executive jet MRO facilities in Dallas, Cleveland, and Sanford in the U.S.
Financial Performance and Outlook:
Embraer has shown a steady financial performance with continued growth across its various segments. The company reported a 13% YoY increase in its backlog to US$21.1 billion in 1Q24. Despite facing supply chain delays, the company remains committed to stabilizing its production levels and meeting customer demand. With a focus on innovation, customer satisfaction, and long-term relationships, Embraer is poised for sustained growth and strategic expansion in the global aerospace market.
Embraer S.A. (NYSE: ERJ) reported its First Quarter 2022 earnings, delivering 14 jets, including 6 commercial and 8 executive aircraft. The firm's order backlog increased to US$ 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.
Embraer S.A. (NYSE: ERJ) announced impact from the Russia-Ukraine conflict, suspending parts, maintenance, and technical support services to comply with sanctions against Russia, Belarus, and specific regions of Ukraine. The company reassured stakeholders regarding its titanium supply chain, citing a strong inventory position and current contracts with suppliers outside affected areas. Embraer committed to continuously monitoring its supply chain and will keep the market updated on any new developments related to this situation.
Embraer (NYSE: ERJ) is entering the air freight market with its new E190F and E195F Passenger to Freight (P2F) conversions. These aircraft aim to address the rising demand for efficient air freight services driven by e-commerce growth. Expected to be operational by early 2024, Embraer estimates a market potential of 700 such conversions over the next 20 years. The E-Jet freighters are designed for enhanced capacity and lower operating costs, appealing to freight forwarders and supporting the transition to more sustainable aircraft.
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