EMBRAER EARNINGS RESULTS 3rd QUARTER 2023

News provided by

Nov 06, 2023, 06:45 ET

SÃO PAULO, Nov. 6, 2023 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; B3: EMBR3) releases its third Quarter 2023 Earnings Results.

HIGHLIGHTS

Embraer delivered 43 jets in the third quarter, of which 15 commercial aircraft and 28 executive jets (19 light and 9 mid-size). The total number of deliveries represent an increase of 30% compared to 3Q22 and an increase of 33% Year to Date (YTD) from 105 versus 79 aircraft.
Revenues reached US$ 1,284 million in the quarter (38% higher than 3Q22 and equal to 2Q23). YTD revenues represent an increase of 29% compared to the same period last year. All Business Units had higher revenues and volumes Year over Year (YoY) and YTD, with the main highlight being Commercial Aviation representing a strong growth of 68% YoY and 52% YTD.
Adjusted EBIT of 7.8% compared to 5.4% in 3Q22 due to higher volumes in all business units.
Firm order backlog ended 3Q23 at US$ 17.8 billion, the highest level in one year, driven by higher sales in Commercial Aviation. Commercial Aviation backlog rose from US$ 8 billion to US$ 8.6 billion compared to 2Q23, with 42 aircraft sold in 2023. Services & Support reached US$ 2.8 billion in the quarter, the highest volume ever recorded in the business unit. Executive Aviation strong backlog at US$ 4.3 billion highlights its sustained demand backlog.
Adjusted Free Cash Flow w/o EVE (FCF) in 3Q23 of US$ 44.0 million pointing to a strong cash generation in the 4Q23 due to higher deliveries.
Successful conclusion of Liability Management, extending the average loan maturity to 4.8 years.
Operational and financial guidance for 2023 remains unchanged.

For additional information, please check the full document on our website ri.embraer.com.br

Investor Relations
Leonardo Shinohara, Patricia Mc Knight, Viviane Pinheiro, Eliane Fanis and Marcelo Cuperman.
(+55 11) 3040-6874
[email protected]
ri.embraer.com.br

CONFERENCE CALL INFORMATION
Embraer will host a conference call to present its 3Q23 Results on:

Monday, Nov 6, 2023

ENGLISH: 08:00 AM (NY Time) / 10:00 AM (SP Time).

Click here to access the webcast link https://choruscall.com.br/embraer/3q23.htm [choruscall.com.br]

To participate by phone call:
U.S.: Dial in +1 412 717-9627 or Toll Free: +1 844 204-8942
Brazil: +55 11 3181-8565 or +55 11 4090-1621
UK: +44 20 3795 9972
Web Phone: https://hdbr.choruscall.com/?passcode=6879074&h=true&info=company&r=true [hdbr.choruscall.com]

SOURCE Embraer S.A.