DBEA55AED16C0C92252A6554BC1553B2 Clicky DBEA55AED16C0C92252A6554BC1553B2 Clicky
March 25, 2025
Embraer
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Embraer reported its 2024 results today, along with management guidance for 2025. 

Highlights of their 2024 results include:

  • Revenues of $6,394.7 in 2024 million, up 21% from $5,268.5 million in 2023
  • Adjusted EBITDA of $921.6 million, up 64% year-over-year from $561.9 million
  • Adjusted EBTDA margin of 14.4% versus 10,7% last year
  • Adjusted Net Income of $461.6 million, versus $79.5 million in 2023
  • Adjusted free cash flow without Eve of $675.6 million versus $318.3 million in 2023
  •  The company ended the year with a record backlog of $26.3 billion,
  • $10.2 billion backlog in Commercial Aviation
  • $7.4 billion backlog in Executive Jets, 
  • $4.6 billion in backlog from Services and Support, 
  • $4.2 billion backlog from Defense and Security.  
  • Backlog increased 41% during the year, reaching a 2.2 book to bill ratio.  

Deliveries

  • Commercial Aviation deliveries totaled 73 in 2024, up from 64 in 2023
  • Executive Aviation deliveries totaled 130, versus 115 in 2023
  • Defense and security had 3 C-390 deliveries in 2024 versus 2 in 2023

Guidance for 2025

Management provided guidance for 2025 that includes between 77 and 85 commercial aircraft, between 145 and 155 executive aircraft, revenues in the $7 to $7.5 billion range, adjusted EBIT margin between 7.5% and 8.3%,  and adjusted free cash flow of over $200 million.  

 


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author avatar
Ernest Arvai
President AirInsight Group LLC