Reported Earlier, Embraer's Q2 Deliveries Surge By 88% QoQ; Backlog Reaches 7-Year High Of $21.1B (+20% YoY)
Portfolio Pulse from Benzinga Newsdesk
Embraer reported an 88% QoQ surge in Q2 deliveries, with a 170% increase in commercial deliveries and a 50% rise in Executive Jets. The company's backlog reached a 7-year high of $21.1 billion, up 20% YoY. Notable orders include 20 E2 jets from Mexicana de Aviación and the delivery of the 2nd C-390 Millennium aircraft to Portugal.
July 19, 2024 | 5:55 am
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Embraer (ERJ) reported an 88% QoQ surge in Q2 deliveries, with significant increases in both commercial and executive jet deliveries. The company's backlog reached a 7-year high of $21.1 billion, up 20% YoY, driven by notable orders including 20 E2 jets from Mexicana de Aviación and the delivery of the 2nd C-390 Millennium aircraft to Portugal.
The significant increase in deliveries and the substantial backlog growth indicate strong demand and operational efficiency, which are likely to positively impact Embraer's stock price in the short term.
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