Reported Late Friday, Embraer Deliveries Increased 67% YoY In Q1; Backlog Volume Reached $21.1B Up 13% QoQ
Portfolio Pulse from Benzinga Newsdesk
Embraer reported a 67% year-over-year increase in Q1 deliveries, with its backlog volume reaching $21.1 billion, up 13% from the previous quarter. American Airlines placed a firm order for 90 E175 jets, contributing to a 26% quarter-over-quarter increase in the Commercial Aviation backlog, which rose by $2.3 billion. Additionally, Embraer's Executive Aviation deliveries in Q1 were the highest in the last eight years.
April 22, 2024 | 7:25 am
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Embraer's Q1 report shows a significant increase in deliveries and a robust backlog, highlighted by a major order from American Airlines.
The substantial year-over-year increase in deliveries and the significant growth in backlog volume, especially with a large order from a major airline like American Airlines, are strong indicators of Embraer's current operational success and future revenue potential. These factors are likely to positively influence investor sentiment and could lead to an increase in stock price in the short term.
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