Embraer Expects 2024 Revenue Of $6B-$6.4B Vs. $6.21B Consensus; Sees Adjusted EBIT Margin Of 6.5%-7.5%. It Expects Commercial Aviation Deliveries Of 72-80 Aircraft, And Executive Aviation Deliveries Of 125-135 Aircraft
Portfolio Pulse from Benzinga Newsdesk
Embraer projects its 2024 revenue to be between $6B-$6.4B, aligning with a $6.21B consensus. The company anticipates an adjusted EBIT margin of 6.5%-7.5% and expects to deliver 72-80 commercial and 125-135 executive aircraft. Additionally, Embraer forecasts an adjusted free cash flow of $220 million or more for the year.
March 18, 2024 | 11:07 am
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Embraer anticipates 2024 revenues of $6B-$6.4B, with an adjusted EBIT margin of 6.5%-7.5%, and plans to deliver 72-80 commercial and 125-135 executive aircraft, alongside forecasting over $220M in adjusted free cash flow.
Embraer's guidance for 2024 suggests a positive outlook with revenue projections in line with consensus expectations, a healthy EBIT margin, and a significant number of aircraft deliveries. This indicates strong operational performance and financial health, likely leading to a positive short-term impact on ERJ's stock price.
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