SAO PAULO, Nov 10 (Reuters) – Brazilian planemaker Embraer on Tuesday raised its 2026 revenue forecast to between $8.4 billion and $8.6 billion, from a previous range of $8.2 billion to $8.5 billion, after reporting a 17% rise in third-quarter revenue.
• Embraer also estimated annual free cash flow at $700 million or higher, up from a previous projection of $400 million or higher, while reiterating its delivery outlook of 80-85 commercial jets and 160-170 executive aircraft
• The company reported third-quarter revenue at a record high of $2.35 billion
• Third-quarter adjusted earnings before interest, tax, depreciation and amortization (EBITDA) rose 34% to $317.1 million
• Adjusted net income fell 12.7% to $73.6 million
• Embraer previously disclosed a 6% rise in third-quarter deliveries to 66 aircraft while its backlog grew 14% to a record high of $35.7 billion
• The world’s third-largest planemaker behind Airbus and Boeing said there was “strong sales momentum across all business units”
(Reporting by Gabriel AraujoEditing by David Goodman)
Comments