Categories Earnings, Other Industries

Embraer (NYSE: ERJ): Q3 2019 Earnings Snapshot

–Brazilian aerospace company Embraer (NYSE: ERJ) reported an adjusted loss of $0.26 per ADS for the third quarter of 2019, vs. $0.09 per ADS loss expected

— Net loss attributable to shareholders was $77.2 million or $0.42 per ADS, compared to a loss of $12.5 million or $0.017 per ADS a year earlier

–Revenues increased to $1.18 billion from $1.16 billion in the third quarter of last year, vs. $1.34 billion expected

— Delivered 17 commercial and 27 executive jets during the quarter, up from 15 and 24 units respectively last year

— Reaffirmed full-year 2019 delivery targets of 85–95 commercial jets, 90–110 executive jets and two KC-390 aircraft

–Currently, on track to deliver five Super Tucano aircraft in 2019

–Reaffirmed full-year revenue guidance of $ 5.3–5.7 billion and breakeven EBIT margin

–Reiterated 2020 revenue outlook of $ 2.5–$ 2.8 billion, EBIT margin of 2–5%, and breakeven free cash flow

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

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