Embraer 2023 Deliveries Up 13%, Backlog Hits $18.7B on Strong Demand

TL;DR

**Embraer's 2023 deliveries and backlog are up, signaling strong future revenue.**

AI Summary

Embraer S.A. (NYSE: ERJ) reported a 13% increase in aircraft deliveries in 2023, totaling 181 aircraft, up from 160 in 2022. Their backlog grew by $1.2 billion to a robust $18.7 billion, driven by strong performance in Executive Aviation, which saw its highest delivery volume in seven years, and a significant doubling of E2 jet deliveries to 39. This growth, especially the C-390 selection by South Korea and a record $3.1 billion Services & Support backlog, indicates strong demand and future revenue potential, which is positive for investors considering or holding ERJ stock.

Why It Matters

Increased deliveries and a growing backlog signal strong demand for Embraer's aircraft, which could lead to higher revenues and profits, making the stock more attractive to investors.

Risk Assessment

Risk Level: low — The filing indicates positive operational performance with increased deliveries and a growing backlog, suggesting reduced immediate business risk.

Analyst Insight

A smart investor would view this filing as a strong positive signal, suggesting Embraer's operational improvements and market demand are translating into a robust backlog and increased deliveries. This could warrant further research into the stock's valuation and potential for continued growth.

Key Numbers

• 181 — aircraft delivered in 2023 (represents a 13% increase from 2022)
• 13% — increase in deliveries (compared to 2022 deliveries of 160 aircraft)
• $18.7 billion — total backlog (a $1.2 billion growth, indicating strong future revenue)
• 39 — E2 jet deliveries (more than doubled in 2023)
• $3.1 billion — Services & Support backlog (the highest ever recorded for Embraer)

Key Players & Entities

• Embraer S.A. (company) — the registrant reporting increased deliveries and backlog
• South Korea (country) — selected the C-390 jet, reinforcing sales momentum
• $18.7 billion (dollar_amount) — Embraer's total backlog as of January 30, 2024
• $1.2 billion (dollar_amount) — growth in Embraer's backlog
• January 30, 2024 (date) — date of the report and backlog figures

Forward-Looking Statements

• Embraer's revenue will increase in the coming quarters due to the growing backlog. (Embraer S.A.) — high confidence, target: Q1 2024 - Q4 2024
• The C-390 military jet will see further international sales momentum following the South Korea selection. (C-390) — medium confidence, target: 2024-2025

FAQ

Key Financial Figures

• $18.7 b — eased 13% in 2023 and backlog reached US$18.7 billion, a US$1.2 billion growth Execut
• $1.2 billion — nd backlog reached US$18.7 billion, a US$1.2 billion growth Executive Aviation posted the
• $3.1 billion — Services & Support backlog reached US$3.1 billion - the highest ever recorded Sã
• $1.2 billion — The company’s backlog rose by US$1.2 billion YoY, reaching a total of US$18.7 billio
• $18.7 billion — $1.2 billion YoY, reaching a total of US$18.7 billion in 2023 - the highest number recorded s
• $4.3 billion — book-to-bill in excess of 1.3:1 and a US$4.3 billion backlog, a US$400 million growth YoY. T
• $400 million — 1.3:1 and a US$4.3 billion backlog, a US$400 million growth YoY. The 74 deliveries of light
• $2.5 b — , the business’ unit backlog is US$2.5 billion, a US$100 million growth YoY. In
• $100 million — uo; unit backlog is US$2.5 billion, a US$100 million growth YoY. In Commercial Aviation , E
• $8.8 b — d 298 aircraft in 4Q23 for a total of US$8.8 billion, a US$200 million growth YoY. Po
• $200 million — 4Q23 for a total of US$8.8 billion, a US$200 million growth YoY. Porter Airlines exercised
• $3.1 b — Support ended 2023 with a backlog of US$3.1 billion, a US$400 million growth YoY - th

Filing Documents

• erj20240130_6k.htm (6-K) — 19KB
• erj202401306k_001.jpg (GRAPHIC) — 2KB
• erj202401306k_002.jpg (GRAPHIC) — 89KB
• erj202401306k_003.jpg (GRAPHIC) — 34KB
• erj202401306k_004.jpg (GRAPHIC) — 30KB
• erj202401306k_005.jpg (GRAPHIC) — 27KB
• erj202401306k_006.jpg (GRAPHIC) — 20KB
• erj202401306k_007.jpg (GRAPHIC) — 54KB
• 0001292814-24-000256.txt ( ) — 376KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: January 30, 2024 Embraer S.A. By: /s/ Antonio Carlos Garcia Name: Antonio Carlos Garcia Title: Executive Vice President of Finance and Investor Relations

View Full Filing

View this 6-K filing on SEC EDGAR