Embraer releases third quarter 2014 results

In the third quarter of 2014, Embraer delivered 19 commercial and 15 executive jets. The Company’s firm order backlog ended 3Q14 at US$ 22.1bn, an all-time Company record. As a result of lower total aircraft deliveries, partially offset by higher revenues from the Company’s Defense & Security business, third quarter revenues were US$1,239.7m, for a year-over-year decline of 3.8%. Year-to-date revenues in the first nine months of 2014 were US$ 4,243.3m, representing year-over-year growth of 7.9%. EBIT and EBITDA margins were 5.5% and 11.0% respectively, in 3Q14, and for the first nine months of 2014 were 8.2% and 12.9%, respectively. Net loss attributable to Embraer Shareholders and loss per basic ADS totaled US$-10.7 million and US$-0.0584, respectively. For the first nine months of 2014, net income attributable to Embraer Shareholders was US$243.3m and earnings per basic ADS was US$1.3272. The Company’s 2014 Guidance for financial performance and Commercial and Executive aircraft deliveries published in February remains unchanged.