Embraer delivers $110 million profit

Embraer recorded in the third quarter of 2005 net sales of $1,064 million and net income of $110.2 million. At the end of the quarter, the firm order backlog totaled $10.4 billion. This quarter, the Company generated positive net cash provided by operating activities of $379 million, a reflection of lower inventory and accounts receivable levels. In addition, the Company reversed its net debt position of $228 million at the end of 2Q05 to a net cash position of $97 million at September 30, 2005.