SÃO PAULO, Aug. 4, 2022/PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; B3: EMBR3) releases its Second Quarter 2022 Earnings Results.
HIGHLIGHTS
Firm order backlog ended 2Q22 at US$ 17.8 billion (+US$0.5 billion versus 1Q22). This is the highest quarter backlog post pandemic, driven by solid order activity. Recent announcement of 20 E195-E2 firm order of Porter will be included in 3Q22 backlog.
Reported 2Q22 consolidated gross margin of 22.9% higher than 18.2% reported in 2Q21, with y-o-y improvement in most segments due to product mix, pricing increase and overall operational performance, including tax efficiencies.
Adjusted EBIT and EBITDA were US$ 81.2 million and US$ 124.6 million, respectively, yielding Adjusted EBIT margin of 8.0% and Adjusted EBITDA margin of 12.2%.
In 2Q22, Embraer reported Adjusted Net Income (excluding deferred taxes and special items) of US$ 39.4 million and Earnings per Share of US$ 0.40.
Free cash flow (FCF) in 2Q22 was a surplus of US$ 91.2 million, representing a significant improvement compared to the US$ 45.1 million in FCF in 2Q21, supported by divestment of Évora's facilities and EVE's IPO offset by working capital needs and liability management strategy.
The Company finished the quarter with net debt of US$ 1.198 billion, or US$ 0.255 billion less than 1Q22 in line with the strategy to improve our capital structure and liability management.
We reaffirm all aspects of our 2022 financial and deliveries guidance, with no material variation.
For additional information, please check the full document on our website ri.embraer.com.br
British Airways and VisitBritain have today announced they will be launching a digital campaign showcasing Britain's iconic film locations through the eyes of British locals, brought to life by BAFTA Nominated Director, Charlotte Regan. Highlighting...
HotelPlanner, a leading travel technology platform and hotel booking engine, today announced a new partnership with Infobip Shift. This globally renowned conference gathers the global developer community and delivers interactive, engaging, and...
Global Traveler, the source for luxury travelers, announced the winners of its 12th annual Leisure Lifestyle Awards in its May Leisure Travel Issue. Global Traveler is part of FXExpress Publications, Inc.'s family of brands, which also includes...
When walking into the factory of auto parts maker Bosa in Peng'an county, Sichuan province, people must be amazed by how efficiently robots weld on the production line....
Choice Hotels Canada is thrilled to share the Halifax Tower Hotel & Conference Centre, Ascend Hotel Collection®, has received three prestigious awards ? on a national and international level. The property won a 2024 Platinum Guest Satisfaction Award,...
Park City, Utah, one of the most accessible and accommodating mountain destinations in North America, is excited to announce its rebranding initiative, 'mountainkind,' for the meetings and events industry. The significant rebranding encourages...