(MENAFN- PR Newswire)
SÃO PAULO, Aug. 4, 2022 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ ; B3: EMBR3) releases its Second Quarter 2022 Earnings Results.
HIGHLIGHTS
- Firm order backlog ended 2Q22 at US$ 17.8 billion (+US$0.5 billion versus 1Q22). This is the highest quarter backlog post pandemic, driven by solid order activity. Recent announcement of 20 E195-E2 firm order of Porter will be included in 3Q22 backlog.
- Reported 2Q22 consolidated gross margin of 22.9% higher than 18.2% reported in 2Q21 , with y-o-y improvement in most segments due to product mix, pricing increase and overall operational performance, including tax efficiencies.
- Adjusted EBIT and EBITDA were US$ 81.2 million and US$ 124.6 million, respectively, yielding Adjusted EBIT margin of 8.0% and Adjusted EBITDA margin of 12.2% .
- In 2Q22, Embraer reported Adjusted Net Income (excluding deferred taxes and special items) of US$ 39.4 million and Earnings per Share of US$ 0.40.
- Free cash flow (FCF) in 2Q22 was a surplus of US$ 91.2 million , representing a significant improvement compared to the US$ 45.1 million in FCF in 2Q21, supported by divestment of Évora's facilities and EVE's IPO offset by working capital needs and liability management strategy.
- The Company finished the quarter with net debt of US$ 1.198 billion, or US$ 0.255 billion less than 1Q22 in line with the strategy to improve our capital structure and liability management.
- We reaffirm all aspects of our 2022 financial and deliveries guidance , with no material variation.
For additional information, please check the full document on our website ri.embraer.com.br
INVESTOR RELATIONS
Leonardo Shinohara, Jose Triques, Caio Moriani and Viviane Pinheiro. (+55 11) 3040-6874 [email protected] ri.embraer.com.br
CONFERENCE CALL INFORMATION Embraer will host a conference call to present its 2Q22 Results on:
ENGLISH : Thursday, August 4, 2022 at 10:00 AM (SP Time) / 09:00 AM (NY Time).
Access Link:
To participate by Phone:
• From Brazil: 55 21 3958 7888 or +55 11 4632 2236 or +55 11 4632 2237 or +55 11 4680 6788 or +55 11 4700 9668.• From U.S.: +1 386 347 5053 or +1 564 217 2000 or +1 646 558 8656 or +1 646 931 3860 or +1 669 444 9171 or +1 720 707 2699 or +1 253 215 8782 or +1 301 715 8592 or +1 312 626 6799 or +1 346 248 7799.• International Phone Numbers available at ID: 829 8270 9256Password: 979255
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
SOURCE Embraer S.A.
MENAFN04082022003732001241ID1104647206
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