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Dec 31, 2024
Embraer Q4 2024 Earnings Report
Embraer reported strong revenue growth and profitability improvements in Q4 2024.
Key Takeaways
Embraer delivered a solid Q4 2024, with revenue increasing 17% YoY to $2.31 billion. Adjusted EBIT reached $265.1 million, with an 11.5% margin, and adjusted net income was $173.0 million, up significantly from $77.6 million in Q4 2023. The company reported strong aircraft deliveries and a record backlog of $26.3 billion, reflecting sustained demand across its business units.
Revenue increased 17% YoY to $2.31 billion, reaching the high end of guidance.
Adjusted EBIT margin expanded to 11.5%, supported by higher aircraft deliveries and strong operating leverage.
Adjusted net income surged to $173.0 million from $77.6 million a year ago.
Record backlog of $26.3 billion, up 40% YoY and 16% QoQ.
Embraer
Embraer
Embraer Revenue by Segment
Revenue by Segment
Commercial Aviation Revenue
CapyFin.comExecutive Aviation Revenue
CapyFin.comDefense & Security Revenue
CapyFin.com Forward Guidance
Embraer expects continued growth in 2025, forecasting revenue between $7.0B and $7.5B, adjusted EBIT margin between 7.5% and 8.3%, and free cash flow above $200M.
Positive Outlook
- Higher expected deliveries in Commercial and Executive Aviation.
- Continued backlog growth supporting long-term revenue visibility.
- Improved operational efficiency to sustain profitability margins.
- Strong order pipeline in Defense & Security and Services & Support.
- Increased investment in production capacity and MRO capabilities.
Challenges Ahead
- Macroeconomic uncertainties impacting global aerospace demand.
- Potential supply chain disruptions affecting aircraft production timelines.
- Foreign exchange volatility posing risks to financial performance.
- Rising interest rates potentially impacting financing costs.
- Competitive pressures in the commercial aviation sector.
Revenue & Expenses
Visualization of income flow from segment revenue to net income