SÃO PAULO, March 18, 2024 /PRNewswire/ — EMBRAER S.A. (NYSE:ERJ, B3: EMBR3)) releases its FOURTH Quarter 2023 AND FISCAL YEAR 2023 Earnings Results.
HIGHLIGHTS
Embraer delivered 75 jets in 4Q23, of which 25 were commercial aircraft, 49 were executive jets (30 light and 19 medium) and 1 was a military C-390. In 2023, the company delivered a total of 181 jets, of which 64 were commercial aircraft, 115 were executive jets (74 light and 41 medium) and 2 were military C-390. Embraer’s deliveries increased 13% year-on-year (yoy) when compared to the 160 jets in 2022. The company continues to face supply chain delays which have negatively impacted 2023 results.
Firm order backlog ended 4Q23 at US$18.7 billion, the highest number recorded over the past 6 years. Executive and Commercial Aviation registered book-to-bill in excess of 1:1. Meanwhile, Services & Support backlog reached US$3.1 billion – the highest ever registered.
Revenues totaled US$1,975 million in 4Q23 and …