Embraer earning results 3rd quarter 2023
Source: Embraer 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$ [...]