EMBRAER EARNINGS RESULTS 4th QUARTER AND FISCAL YEAR 2024

PR Newswire

SÃO PAULO, Feb. 27, 2025

SÃO PAULO, Feb. 27, 2025 /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 RELATIONS

Guilherme Paiva, Patrícia Mc Knight, Viviane Pinheiro, Eliane Fanis, Marilia Saback and Marcelo Cuperman.

(+55 12)3927-6017

investor.relations@embraer.com.br

ri.embraer.com.br

CONFERENCE CALL INFORMATION

Embraer will host a conference call to present its 4Q24 and FY2024 results on:

Thursday Feb 27, 2025

ENGLISH: 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)205-0468

Brazil: +55(11)4632-2237, +55(11)4680-6788

We recommend you join 15 minutes in advance.

View original content:https://www.prnewswire.com/news-releases/embraer-earnings-results-4th-quarter-and-fiscal-year-2024-302387668.html

SOURCE Embraer S.A.

/CONTACT: PRESS OFFICES: Headquarters (Brazil), Corporate Communications, embraer@ideal.pr, Tel.: +55 11 4873 7900

(END) Dow Jones Newswires

February 27, 2025 11:10 ET (16:10 GMT)