Embraer has reported a second quarter 2024 net profit of $102.5 million or $0.54 per diluted ADS share on revenue of $1.5 billion, up 16 percent versus Q2 2023. At June 30, 2024, the company had a firm order backlog valued at $21.1 billion.
On Thursday (August 8, 2024), Embraer announced their second quarter financial result for the period ending June 30, 2024. The company reported a second quarter net profit of $102.5 million or $0.54 per diluted ADS share on year-over-year increase in revenue of 16 percent to $1.5 billion. Embraer delivered a total of 47 jets during Q2, 17 of which were executive jets (10 light and seven medium), 19 commercial jets (eight E1-175, seven E2-195 and four E2-190), and one multi-mission C-390 Millennium. At June 30, 2024, the airframer had a firm order backlog valued at $21.1 billion, up 20 percent year-over-year, and a seven year high. Embraer closed the second quarter with $1.5 billion in cash and a $650 million revolving credit facility.
Headquartered in Brazil, Embraer is a global aerospace company and one of the leading manufacturers of aircraft with 70-150 seats, with more than 100 customers worldwide. The company maintains industrial units, offices and service/parts distribution centers across the Americas, Africa, Asia and Europe. Embraer also has businesses in Executive Aviation, Defense & Security, and Agricultural Aviation. Since the company’s founding in 1969, Embraer has delivered over 8,000 aircraft. Today, an Embraer aircraft takes off on average every ten seconds, carrying over 145 million passengers annually.
Source: Embraer
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