Embraer Posts $21 Million Q3 Loss

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In the third quarter of 2018 (3Q18), Embraer has delivered 15 commercial and 24 executive (17 light and 7 large) jets, compared to the 25 commercial and 20 executive (13 light and 7 large) jets in 3Q17.

The Company’s firm order backlog was US$ 13.6 billion at the end of 3Q18, including contracts of the Services & Support segment.

Embraer reported EBIT and EBITDA in 3Q18 were US$45.4 million and US$104.8 million, respectively, yielding margins of 3.9% and 9.1%.

On a year-to-date basis, the Company’s reported EBIT and EBITDA in 2018 were US$54.1 million and US$238.4 million, respectively.

The year-to-date figures include the negative impact of a non-recurring special item of US$127.2 million related to additional costs on the KC-390 development contract in 2Q18 resulting from the incident with prototype aircraft 001 in May.

3Q18 net loss attributable to Embraer shareholders and loss per ADS were US$(21.3) million and US$ (0.12), respectively. Adjusted net loss (excluding deferred income tax and social contribution) for 3Q18 was US$(29.1) million, with adjusted loss per ADS of US$(0.16).

Source: avitrader.com