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EMBRAER EARNINGS RESULTS 4th QUARTER AND FISCAL YEAR 2024

1. ERJ guided 2025 deliveries to 77-85 commercial jets, 145-155 executive jets. 2. 2024 revenues reached $6.395 billion, a record high, +21% year-over-year. 3. Adjusted EBIT for 4Q24 was $265.1 million, with an 11.5% margin. 4. A record backlog of $26.3 billion was reported, +40% year-over-year. 5. Moody's upgraded ERJ's credit rating to investment grade, boosting its financial outlook.

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FAQ

Why Bullish?

ERJ's record revenue and backlog suggest strong future performance, similar to previous positive earnings impacts.

How important is it?

Positive financial metrics and upgraded credit rating improve investor sentiment significantly.

Why Long Term?

Strong guidance and backlog indicate sustained growth, aligning with long-term market trends.

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BATXTNOC
, /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; B3: EMBR3) RELEASES ITS FOURTH QUARTER AND FISCAL YEAR 2024 EARNINGS RESULTS. HIGHLIGHTS Guidance for 2025: Commercial Aviation deliveries between 77 and 85 aircraft, and Executive Aviation deliveries between 145 and 155 aircraft. Total company revenues in the US$7.0 to US$7.5 billion range, adjusted EBIT margin between 7.5% and 8.3%, and adjusted free cash flow of US$200 million or higher for the year. Revenues totaled US$2,311 million in 4Q24 and US$6,395 million in 2024 highest level ever, +21% yoy and at the high end of guidance. Highlight for Defense & Security revenues +40% yoy growth. Adjusted EBIT reached US$265.1 million with an 11.5% margin in 4Q24. In 2024, the company reported adjusted EBIT of US$708.2 million and 11.1% margin (US$558.2 million and 8.7% ex-Boeing) above guidance. Adjusted free cash flow w/o Eve was US$995.5 million during the quarter and US$675.6 million in 2024, supported by higher number of aircraft delivered, strong performance in sales (pre downpayments – PDP's) and Boeing arbitration. Consequently, the company finished 2024 with an US$110.7 million net debt position (w/o Eve). Embraer ended 2024 with a 0.1x net debt-to-Ebitda ratio, down from 1.4x in 2023. Moody's upgraded Embraer's credit rating from "Ba1" to "Baa3" with a stable outlook in December. Consequently, all three main U.S. rating agencies classify the company Investment Grade (IG). Embraer delivered 75 jets in 4Q24, of which 31 were commercial jets (20 E2s and 11 E1s) and 44 were executive jets (22 light and 22 medium). In 2024, the company delivered a total of 206 aircraft, of which 73 were commercial jets (47 E2s and 26 E1s), 130 were executive jets (75 light and 55 medium) and 3 multi-mission C-390 Millennium in Defense & Security; +14% versus the 181 aircraft delivered year over year (yoy). Deliveries were in line with guidance for both Commercial and Executive Aviation. Firm order backlog of US$26.3 billion in 4Q24 – the largest ever recorded by the company in its history, more than 40% higher yoy and 16% higher quarter over quarter (qoq). For more information please see 4Q24 Backlog and Deliveries release. For additional information, please check the full document on our website ri.embraer.com.br INVESTOR RELATIONSGuilherme Paiva, Patrícia Mc Knight, Viviane Pinheiro, Eliane Fanis, Marilia Saback and Marcelo Cuperman.  (+55 12)3927-6017[email protected]ri.embraer.com.br CONFERENCE CALL INFORMATIONEmbraer will host a conference call to present its 4Q24 and FY2024 results on: Thursday Feb 27, 2025ENGLISH: 7:00 AM (NY Time) / 9:00 AM (SP Time).Translation to Portuguese. To access the webcast click here. Zoom webinar: 838 5827 6373 Or alternatively to participate by phone call:U.S.: +1(929)205-6099, +1(253)205-0468Brazil: +55(11)4632-2237, +55(11)4680-6788 We recommend you join 15 minutes in advance.  SOURCE Embraer S.A. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In Also from this source

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