Embraer (EMBR3) reported an adjusted net loss of R$63.5 million in the first quarter of 2023 (1Q24), an amount 86.2% lower than that reported in the same period in 2023, the jet manufacturer reported this Tuesday morning (7).
Download a list of10 Small Caps stocks that, in experts’ opinion, have appreciation potential in the coming months and yearsand attend a free class
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) totaled R$233.7 million in 1Q24, an increase of 333.6% compared to 1Q23.
Continues after advertising
The adjusted Ebitda margin reached 5.3% between January and March this year, an increase of 3.9 pp compared to the margin recorded in 1Q23.
Know more:
Check out the results calendar for the 1st quarter of 2024 of the Brazilian Stock Exchange
Continues after advertising
1st quarter earnings season gains momentum: which stocks and sectors to keep an eye on?
Revenues totaled R$4.5 billion in the quarter, an increase of 19% compared to the previous year. Executive Aviation revenue, in turn, stood out with growth of 2.6 times year over year – the highest revenue and number of deliveries in the 1Q in the last 8 years.
Adjusted earnings before interest (EBIT) reached R$33.8 million in the first quarter of 2024, against negative R$163.9 million in the same period of 2023. The adjusted EBIT margin was 0.8% in the 1Q24, an increase of 5.2 pp compared to the margin of 1Q23.
Continues after advertising
Embraer, individually, invested a total of R$437.4 million in 1Q24 compared to R$423.2 million in 1Q23, driven by growth in training services (simulators), maintenance and Executive Aviation.
On March 31, 2024, the company’s net debt was R$5.237 billion, compared to R$7.276 billion in the same period in 2023.
The financial leverage indicator, measured by net debt/adjusted Ebitda, was 1.8 times in March/23, an increase of 0.4 pp compared to the same period in 2023.
Continues after advertising
Embraer reiterates 2024 guidance
Embraer management reiterated estimates for the year 2024, with forecast deliveries of Commercial Aviation aircraft between 72 and 80 and deliveries of Executive Aviation aircraft between 125 and 135.
In addition to jet deliveries, the company forecasts total enterprise revenue of between US$6.0 and US$6.4 billion, adjusted EBIT margin between 6.5% and 7.5% and adjusted free cash flow of US$220 million or greater for the year.
Tags: Embraer EMBR3 reduces adjusted loss #1st quarter million
--
 reduces adjusted loss by 86.2% in the 1st quarter, to R$ 63.5 million){kind=link}