Embraer Execs Say Faces Supply Chain Challenges, Introduces AI Tools For Efficiency; Fully Committed To 2024 Guidance Despite Constraints; Defense Backlog To Increase Over 50% In Q3 With New Contracts; Volatile FX Rate Provides Tailwind In H2; Closer To High End Of Guidance; Sees Opportunity For Increased E2 Presence In Brazil; Expects Good News On Commercial Jet Orders Soon
Portfolio Pulse from Benzinga Newsdesk
Embraer executives discussed supply chain challenges and the introduction of AI tools to improve efficiency. Despite these constraints, the company remains committed to its 2024 guidance. The defense backlog is expected to increase by over 50% in Q3 due to new contracts. Volatile FX rates are providing a tailwind in the second half of the year. The company is nearing the high end of its guidance and sees opportunities for increased E2 presence in Brazil. Positive news on commercial jet orders is anticipated soon.
August 08, 2024 | 12:57 pm
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Embraer is facing supply chain challenges but is introducing AI tools to improve efficiency. The company remains committed to its 2024 guidance and expects a significant increase in its defense backlog in Q3. Volatile FX rates are providing a tailwind, and the company is nearing the high end of its guidance. Positive news on commercial jet orders is expected soon.
Despite supply chain challenges, Embraer's commitment to its 2024 guidance and the expected increase in defense backlog are positive indicators. The introduction of AI tools and the tailwind from volatile FX rates further support a positive outlook. Anticipated good news on commercial jet orders adds to the optimism.
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IMPORTANCE 90
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