Embraer releases second quarter results

In the second quarter of 2014 (2Q14), Embraer delivered 29 commercial and 29 executive (22 light and 7 large) jets. The Company’s firm order backlog ended 2Q14 at US$18.1bn. As a result of aircraft deliveries, coupled with revenues from the Company’s Defense & Security business, 2Q14 revenues were US$1,761.3m, for year-over-year growth of 13.1%. Year-to-date (YTD) revenues in the first six months of 2014 were US$3,003.6m, representing year-over-year growth of 13.6%. EBIT and EBITDA margins were 10.6% and 14.8% respectively, in 2Q14, and for the first six months of 2014 were 9.3% and 13.7%, respectively. 2Q14 net income attributable to Embraer Shareholders and Earnings per basic ADS totaled US$143.4m and US$ 0.7829, respectively. For the first half of 2014, net income attributable to Embraer Shareholders was US$254.0m and earnings per basic ADS was US$1.3867.