{"id":4623,"date":"2019-05-15T08:37:50","date_gmt":"2019-05-15T13:37:50","guid":{"rendered":"http:\/\/planesintheair.com\/?p=4623"},"modified":"2019-05-15T08:37:56","modified_gmt":"2019-05-15T13:37:56","slug":"embraer-announces-earnings-results-for-1st-quarter-2019","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=4623","title":{"rendered":"Embraer Announces Earnings Results For 1st Quarter 2019"},"content":{"rendered":"\n

HIGHLIGHTS<\/strong><\/p>\n\n\n\n

Embraer delivered 11 commercial jets and 11 executive jets (8 light \/ 3 large) in 1Q19.<\/p>\n\n\n\n

The Company\u2019s firm order backlog at the end of 1Q19 was US$ 16 billion considering all deliveries as well as firm orders obtained during the period.<\/p>\n\n\n\n

EBIT and EBITDA in 1Q19 were US$ (15.2) million and US$ 30.9 million, respectively, yielding EBIT margin of -1.8% and EBITDA margin of 3.8%. This compares to EBIT of US$ (5.3) million (-0.6% EBIT margin) and EBITDA of US$ 57.8 million (6.0% EBITDA margin) in 1Q18.<\/p>\n\n\n\n

1Q19 Net loss attributable to Embraer shareholders and Loss per ADS were US$ (42.5) million and US$ (0.23), respectively. Adjusted net loss (excluding deferred income tax and social contribution) for 1Q19 was US$ (61.8) million, with Adjusted loss per ADS of US$ (0.34). Embraer reported adjusted net loss in 1Q18 of US$ (60.5) million, for an adjusted loss per ADS of US$ (0.33) in the quarter.<\/p>\n\n\n\n

Embraer reported Free cash flow of US$ (665.3) million in 1Q19, compared to free cash flow of US$ (435.2) million reported in 1Q18. The Company finished the quarter with total cash of US$ 2,483.4 million and total debt of US$ 3,587.1 million, yielding a net debt position of US$ 1,103.7 million versus net debt of US$ 439.9 million at the end of 2018.<\/p>\n\n\n\n

The Company\u2019s shareholders approved the proposed strategic partnership between Boeing and Embraer during an Extraordinary General Shareholders\u2019 Meeting on February 26, 2019. At the meeting, 96.8% of all valid votes were in favor of the transaction, with participation of roughly 67% of all outstanding shares.<\/p>\n\n\n\n

The closing of the transaction between Boeing and Embraer remains subject to obtaining regulatory approvals and the satisfaction of other customary closing conditions, expected by the end of 2019.<\/p>\n\n\n\n

The Company reaffirms all aspects of its 2019 financial and deliveries guidance.<\/p>\n\n\n\n

Click the link below for the full report!<\/p>\n\n\n\n

https:\/\/daflwcl3bnxyt.cloudfront.net\/m\/4fe5d3ce64e6b820\/original\/Embraer-Release-US-1Q19_FINAL.pdf<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

Embraer delivered 11 commercial jets and 11 executive jets (8 light \/ 3 large) in 1Q19. The Company\u2019s firm order backlog at the end of 1Q19 was US$ 16 billion considering all deliveries as well as firm orders obtained during the period. EBIT and EBITDA in 1Q19 were <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4510,89,799,2203,1397,868],"tags":[2627,2277,4674,160,4672,41,2234,1563,2495,1782,961,168,1907,1671,4673,3880,589,412,1541,1326,960,1851,2820],"class_list":["post-4623","post","type-post","status-publish","format-standard","hentry","category-aerospace-news","category-aviation-news","category-boeing-news","category-finance-news","category-stock-news","category-transportation-news","tag-2627","tag-ads","tag-approve","tag-aviation","tag-backlog","tag-boeing","tag-cash","tag-commercial","tag-debt","tag-delivery","tag-earnings","tag-embraer","tag-executive","tag-first","tag-flow","tag-free","tag-jet","tag-news","tag-partnership","tag-quarter","tag-report","tag-shareholders","tag-strategic"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/4623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4623"}],"version-history":[{"count":2,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/4623\/revisions"}],"predecessor-version":[{"id":4626,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/4623\/revisions\/4626"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}