Embraer recorded fourth quarter 2008 net sales of US$1,818.4 million and net sales for FY2008 of US$6,335.2 million. Net Income for 4Q08 and for the full year totaled US$111.7 million and US$388.7 million, equivalent to diluted earnings per ADS of US$0.7181 and US$2.2432, respectively.
The firm order backlog on December 31, 2008, decreased 3.2%, compared to September 30, 2008, and reached US$20.9 billion, reflecting the beginning of the economic downturn initiated in September. Embraer sold 11 E-Jets during 4Q08, compared to 112 new sales for FY 2008. The E-Jet firm order backlog accumulated a total of 876 firm orders and 810 options.
In 4Q08, Embraer delivered 59 jets in the Commercial Aviation, Executive Aviation, and Defense and Government segments. Total deliveries in 2008 were 204 jets, the highest for a year in the Company’s history, and consistent with Embraer’s delivery schedule for the year.
