1. Embraer's backlog reached a record US$26.3 billion, up 41% year-on-year. 2. Aircraft deliveries increased to 75 in Q4 2024, a 27% rise quarter-on-quarter. 3. Executive Aviation backlog hit US$7.4 billion, a 70% rise year-on-year. 4. Defense & Security backlog grew to US$4.2 billion, 67% higher annually. 5. Strong order book with 2.2 book-to-bill ratio signals robust demand.
The record backlog and strong delivery numbers reflect growing demand, likely boosting ERJ's stock.
The substantial backlog, especially in Executive Aviation, suggests a strong future for ERJ, driving investor confidence.
Sustained demand indicated by backlog suggests a positive trend for ERJ's long-term performance.
Embraer (NYSE: ERJ / B3: EMBR3), one of the global leaders in the aerospace industry, reports that its organization-wide backlog reached US$26.3 billion in 4Q24. The value is the largest ever recorded by the company in its history, and more than 40% higher year-on-year and 16% higher quarter-on-quarter. Embraer finished 2024 with an industry leading 2.2 book-to-bill ratio based on financial values1.
| Segment | 4Q24 | 3Q24 | qoq | 4Q23 | yoy |
|---|---|---|---|---|---|
| Commercial Aviation | 10.2 | 11.1 | -8 % | 8.8 | 15 % |
| Executive Jets | 7.4 | 4.4 | 67 % | 4.3 | 70 % |
| Services & Support | 4.6 | 3.5 | 31 % | 3.1 | 50 % |
| Defense & Security | 4.2 | 3.6 | 15 % | 2.5 | 67 % |
| Total | 26.3 | 22.7 | 16 % | 18.7 | 41 % |
Embraer delivered 75 aircraft in the last quarter of the year, 27% more than the 59 aircraft in the previous quarter (3Q24), and equal to the number in the same period a year ago (4Q23). Meanwhile, the company delivered a total of 206 aircraft in 2024 – a 14% increase compared to the 181 aircraft in 2023.
| Segment | 4Q24 | 3Q24 | 4Q23 | 2024 FY | 2023 FY | 2024 Guidance |
|---|---|---|---|---|---|---|
| Executive Aviation | 44 | 41 | 49 | 130 | 115 | 125-135 |
| Phenom 100 | 3 | 4 | 6 | 10 | 11 | |
| Phenom 300 | 19 | 18 | 24 | 65 | 63 | |
| Light Jets | 22 | 22 | 30 | 75 | 74 | |
| Praetor 500 | 13 | 9 | 10 | 28 | 20 | |
| Praetor 600 | 9 | 10 | 9 | 27 | 21 | |
| Medium Jets | 22 | 19 | 19 | 55 | 41 | |
| Commercial Aviation | 31 | 16 | 25 | 73 | 64 | |
| Total Commercial & Executive | 75 | 57 | 74 | 203 | 179 | 195-208* |
| Defense & Security | - | 2 | 1 | 3 | 2 | |
| C-390 Millennium | - | 2 | 1 | 3 | 2 | |
| A-29 Super Tucano | - | - | - | - | - | |
| Total | - | 2 | 1 | 3 | 2 |
A global aerospace company headquartered in Brazil, Embraer has businesses in Commercial and Executive aviation, Defense and Security, and Agricultural Aviation. The company designs, develops, manufactures, and markets aircraft and systems, providing Services and Support to customers after-sales.
Since it was founded in 1969, Embraer has delivered more than 9,000 aircraft. On average, about every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 150 million passengers a year.
Embraer is the leading manufacturer of commercial jets with up to 150 seats and the main exporter of high value-added goods in Brazil. The company maintains industrial units, offices, service, and parts distribution centers, among other activities, across the Americas, Africa, Asia, and Europe.
1 Calculated as the (delta in Embraer backlog plus Embraer revenues) divided by Embraer revenues.
2 Calculated as the (delta in Com. Av. backlog plus Com. Av. revenues) divided by Com. Av. revenues.
3 Calculated as the (delta in Exec. Av. backlog plus Exec. Av. revenues) divided by Exec. Av. revenues.
4 Calculated as the (delta in S&S backlog plus S&S revenues) divided by S&S revenues.
5 Calculated as the (delta in D&S backlog plus D&S revenues) divided by D&S revenues.