ERJ - Embraer S.A. (ERJ) Q1 2024 Earnings Call Transcript
2024-05-07 14:22:07 ET
Embraer S.A. (ERJ)
Q1 2024 Earnings Conference Call
May 7, 2024, 8:00 am ET
Company Participants
Guilherme Paiva - Head, IR
Francisco Gomes Neto - President & CEO
Antonio Carlos Garcia - EVP, Financial & IR
Andreza de Souza Alberto - VP, People
Conference Call Participants
Gabriel Rezende - Itau BBA
Myles Walton - Wolfe
Ron Epstein - Bank of America
Victor Mizusaki - Bradesco BBI
Marcelo Motta - J.P. Morgan
Stephen Trent - Citi
Lucas Barbosa - Santander
Kristine Liwag - Morgan Stanley
Noah Poponak - Goldman, Sachs
Presentation
Operator
[Technical Difficulty]
quarter-over-quarter and a strong 2:1 book-to-bill for the quarter.
We recorded our first set of firm orders from NetJets, with deliveries will begin in 2025. In total, NetJets has purchased rights for 250 aircraft over the next 14 years.
In Defense & Security, we hosted the first Embraer Defense Day in the U.S. with C-390 Millennium and the A-29 Super Tucano. The event included a diverse guest list of government authorities, military officials, prospects and partners. In early 2024, Embraer in Mahindra sign MoU to jointly pursue the sale of the C-390 Millennium to the Indian Air Force.
The first Hungarian C-390 successfully completed its maiden flight. The aircraft continues to receive international recognition on the back of its remarkable operational performance and capabilities.
We should note the division reported lower year-over-year revenues because of supply chain delays and business seasonality....
Embraer S.A. (ERJ) Q1 2024 Earnings Call Transcript