UPDATE – Embraer reported its first Q3 net profit to shareholders since 2017, ending the 2023 third quarter with a $61 million result. Excluding special items, the net profit was $32.9 million. All business units produced positive results, although revenues for Commercial Aviation and Executive Aviation were higher in Q2.
The consolidated net profit of $61 million compares to a $-30.2 million net loss for Q3 last year. Revenues grew to $1.284 billion from $929 million, Adjusted EBIT to $100.1 million from $49.9 million. This resulted in an Adjusted EBIT margin of 7.8 percent, up from 5.4 percent. The result reflects higher volumes at Commercial Aviation and Defense and Security. Adjusted free cash flow was $44 million.
Active as a journalist since 1987, with a background in newspapers, magazines, and a regional news station, Richard has been covering commercial aviation on a freelance basis since late 2016.
Richard is contributing to AirInsight since December 2018. He also writes for Airliner World, Aviation News, Piloot & Vliegtuig, and Luchtvaartnieuws Magazine. Twitter: @rschuur_aero.
We use cookies to optimize our website and our service.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
