{"id":5717,"date":"2019-08-15T00:31:20","date_gmt":"2019-08-15T05:31:20","guid":{"rendered":"http:\/\/planesintheair.com\/?p=5717"},"modified":"2019-08-15T00:31:21","modified_gmt":"2019-08-15T05:31:21","slug":"embraer-earnings-results-for-2nd-quarter-2019","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=5717","title":{"rendered":"Embraer Earnings Results for 2nd Quarter 2019"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

\u2022 Embraer delivered 26 commercial and 25 executive (19 light and 6 large) jets during 2Q19, compared to 28 commercial jets and 20 executive (15 light and 5 large) jets in 2Q18<\/p>\n\n\n\n

\u2022 The Company\u2019s firm order backlog at the end of 2Q19 was US$ 16.9 billion, up from the US$ 16.0 billion reported at the end of 1Q19. Embraer achieved book-to-bills of above 1x in each of its major business units during the quarter, led by sales performance in the Executive Jets segment<\/p>\n\n\n\n

\u2022 EBIT and EBITDA in 2Q19 were US$ 26.6 million and US$ 67.0 million, respectively, yielding EBIT margin of 1.9% and EBITDA margin of 4.9%. In the first six months of 2019 the Company\u2019s EBIT was US$ 11.4 million (EBIT margin of 0.5%) and EBITDA was US$ 97.9 million (EBITDA margin of 4.4%)<\/p>\n\n\n\n

\u2022 2Q19 Net income attributable to Embraer shareholders and Earnings per ADS were US$ 7.2 million and US$ 0.04, respectively. Adjusted net loss (excluding deferred income tax and social contribution) for 2Q19 was US$ (13.9) million, with Adjusted loss per ADS of US$ (0.08). Embraer reported adjusted net loss in 2Q18 of US$ (0.4) million, for an adjusted loss per ADS of US$ (0.002) in the quarter<\/p>\n\n\n\n

\u2022 Embraer reported 2Q19 Free cash flow of US$ 1.5 million, versus free cash flow of US$ 43.3 million reported in 2Q18. The Company expects free cash flow generation to improve in the second half of the year given higher expected aircraft deliveries and cash inflows related to Defense & Security contracts<\/p>\n\n\n\n

\u2022 The Company finished the quarter with total cash of US$ 2,478.8 million and total debt of US$ 3,569.1 million, yielding a net debt position of US$ 1,090.3 million at the end of 2Q19<\/p>\n\n\n\n

\u2022 The Company reaffirms all aspects of its 2019 financial and deliveries guidance.<\/p>\n\n\n\n

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

Embraer delivered 26 commercial and 25 executive (19 light and 6 large) jets during 2Q19, compared to 28 commercial jets and 20 executive (15 light and 5 large) jets in 2Q18<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4510,89,5637,5992,2203,4957,5676,1397,868],"tags":[2627,6213,464,160,2234,1563,430,2495,1268,2559,1782,961,6214,2075,168,1907,2514,4673,3880,1973,1898,4561,1435,412,1326,6215,2067,2998,2268,1691,1658,1916],"class_list":["post-5717","post","type-post","status-publish","format-standard","hentry","category-aerospace-news","category-aviation-news","category-business-news","category-economic-news","category-finance-news","category-global-politics","category-international-news","category-stock-news","category-transportation-news","tag-2627","tag-2nd","tag-aircraft","tag-aviation","tag-cash","tag-commercial","tag-contract","tag-debt","tag-defense","tag-deliver","tag-delivery","tag-earnings","tag-ebit","tag-ebitda","tag-embraer","tag-executive","tag-financial","tag-flow","tag-free","tag-guidance","tag-jets","tag-large","tag-light","tag-news","tag-quarter","tag-reaffirm","tag-results","tag-security","tag-shareholder","tag-transport","tag-transportation","tag-travel"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/5717","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=5717"}],"version-history":[{"count":1,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/5717\/revisions"}],"predecessor-version":[{"id":5720,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/5717\/revisions\/5720"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}