ERJ - Embraer reports Q4 results

2023-03-10 09:28:27 ET

• Embraer press release ( NYSE: ERJ ): Q4 Adjusted EBIT of $166.2M
• Revenue of $2B (+53.8% Y/Y) beats by $20M .
• Firm order backlog ended 4Q22 at US$ 17.5 billion
• Embraer delivered 80 jets in the fourth quarter, of which 30 commercial aircraft and 50 executive jets (33 light and 17 mid-size). In 2022, a total of 159 jets were delivered of which 57 commercial aircraft and 102 executive jets (66 light and 36 mid-size).
• Guidance for 2023: commercial jet deliveries of 65-70 aircraft, executive jet deliveries of 120-130 aircraft, revenues in a range of US$ 5.2 to US$ 5.7 billion, Adjusted EBIT margin of 6.4% to 7.4%, Adjusted EBITDA margin of 10.0% to 11.0%, and adjusted free cash flow of US$ 150 million or better for the year.

For further details see: