EMBRAER EARNINGS RESULTS – 3rd QUARTER 2022
Nov. 14, 2022
EMBRAER S.A. (NYSE: ERJ; B3: EMBR3) releases its Third Quarter 2022 Earnings Results.
delivered 10 commercial jets and 23 executive jets
(15 light / 8 mid/super-midsize jets) in 3Q22, bringing YTD deliveries to 27 commercial jets and 52 executive jets (33 light /19 mid/super-midsize jets). Although deliveries have been back ended to 4Q22 due to supply chain challenges in 2022, they are close to historical average for the quarter.
consolidated gross margin of 19.1% compared to 19.0% reported in 3Q21
. As a reference,
9M22 consolidated gross margin of 20.9% higher than 16.0%
reported in same period of 2021.
, respectively, yielding
Adj. EBIT margin
Adj. EBITDA margin
Free cash flow (FCF)
in 3Q22 was negative
, mainly explained by working capital increase due to
higher deliveries in 4Q22
which will reverse to a positive trend.
The Company finished the quarter with
net debt of
less than 3Q21
in line with the strategy to reduce interest expenses.
revolving credit facility of up to
with 14 financial institutions was signed to
increase our liquidity and improve our capital structure
, following Embraer liability management strategy, or reducing gross debt and interest expenses.
We reaffirm all aspects of our 2022 financial and deliveries guidance
, with an increase in our Free Cash Flow guidance from
or better to
For additional information, please check the full document on our website: ri.embraer.com.br
, Jose Triques,
and Caio Moriani.
(+55 11) 3040-6874
CONFERENCE CALL INFORMATION
Embraer will host a conference call to present its 3Q22 Results on:
Monday, November 14, 2022
(SP Time) /
To participate by Phone:
• From Brazil: +55 11 4632 2236 or 55 11 4632 2237 or +55 11 4680 6788.
• From U.S.: +1 360 209 5623 or +1 386 347 5053 or +1 507 473 4847.
• International Phone Numbers available at
ID: 863 6655 9280
We recommend you call 20 minutes in advance.
THE CONFERENCE CALL WILL ALSO BE BROADCASTED LIVE OVER THE WEB, AT THE ADDRESS: ri.embraer.com.br
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SOURCE Embraer S.A.
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