Embraer releases fourth quarter and fiscal year 2016 results

In the fourth quarter 2016 Embraer delivered 32 commercial and 43 executive (25 light and 18 large) jets. The Company ended 2016 with 108 total commercial aircraft deliveries and 117 executive (73 light and 44 large) jet deliveries, both meeting their respective Guidance for 2016. Revenues in the fourth quarter reached US$ 2,027.8m and for the full year 2016 were US$6,217.5m, slightly above the Company’s 2016 Revenue Guidance range of US$5.8 to US$6.2bn. Fourth quarter net income attributable to Embraer Shareholders and Earnings per ADS were US$195.2m and US$1.06 per ADS (US$209.1m and US$1.14 per ADS excluding deferred tax and nonrecurring items). In 2016 net income attributable to Embraer Shareholders and Earnings per ADS were US$166.1m and US$0.90 per ADS (US$290.5m and US$1.58 per ADS excluding items).