Embraer股票表现 - Embraer股票自2022年9月以来涨幅达72%，远高于整体市场涨幅[1] 飞机交付情况 - 2023年第一季度至第四季度，Embraer的飞机交付量未达到预期，商用航空和行政航空交付均出现短缺[2] 预期营收和交付量 - 分析师预计Embraer 2023年第四季度营收将稳定，但预期交付量下调，重点关注管理层对2024年交付和供应链状况的表态[4]

The outlook for flying car stocks continues to be bright. Leading names in the space grew rapidly throughout 2023. Joby Aviation (NYSE:JOBY) doubled in price, while Archer Aviation (NYSE:ACHR) nearly tripled. Some forecasts anticipate 2024 will be as strong or stronger with 55% growth. Yet, every fledgling industry primed for rapid growth always suffers the same sort of progression whereby entrants come and go rapidly. The two companies mentioned immediately above are focused and have managed to attract the ...

Executive Aviation posted the largest delivery volume in 7 years C-390 was selected by South Korea, which reinforced sales momentum E2 deliveries more than doubled to 39 jets in 2023 Executive and Commercial Aviation book-to-bill in excess of 1:1 Services & Support backlog reached US$3.1 billion - the highest ever recorded SÃO JOSÉ DOS CAMPOS, Brazil, Jan. 30, 2024 /PRNewswire/ -- Embraer (NYSE: ERJ; B3: EMBR3) delivered 75 aircraft in 4Q23, with 49 executive jets (30 light and 19 medium), 25 commercial ...

财务数据和关键指标变化 - 第三季度收入达到13亿美元,同比增长38% [24][28] - 第三季度调整后EBIT和EBITDA分别为1亿美元和1.49亿美元,利润率分别为7.8%和11.6% [29] - 2023年全年收入预计增长20% [39] - 自由现金流在第三季度达到4400万美元,全年预计超过1.5亿美元 [30] 各条业务线数据和关键指标变化 - 商用航空交付39架飞机,其中21架为E2机型,同比增长3倍 [14] - 商用航空订单总额达86亿美元,同比增长 [15] - 执行航空交付28架飞机,同比增加5架 [17] - 执行航空订单总额达43亿美元,同比增长10% [18] - 国防业务毛利率有所提升,全年预计达到高个位数 [21] - 服务支持业务收入同比增长24%,毛利率保持双位数 [22] 各个市场数据和关键指标变化 - 美国市场E175-E1机型订单增加,反映该地区飞行员短缺情况有所改善 [15] - 卢森堡航空公司订购E195-E2机型,补充其窄体机队 [16] - 奥地利和捷克共和国选择C-390多用途军用运输机,潜在订单超过10架 [18] - 葡萄牙空军首架KC-390已投入使用,这是该机型在巴西以外的首次服役 [19][20] 公司战略和发展方向及行业竞争 - 公司将继续投资新技术,如电动垂直起降飞机和新一代发动机,为未来新项目做准备 [97][98] - 未来几年将专注于提升财务表现,计划从2025年开始派发股息 [96][97] - 商用航空业务将保持60%E2机型和40%E1机型的销售占比,以保持合理的利润水平 [52] - 国防业务将受益于新订单,预计未来几年收入将超过10亿美元,利润率达到高个位数 [66][67][151] 管理层对经营环境和未来前景的评论 - 公司产品在市场上表现良好,订单和交付情况良好,但仍面临供应链挑战 [11][13][38] - 预计2023年收入将同比增长20%,未来几年将保持双位数增长 [39][96] - 公司已完成负债管理计划,现金流和财务状况大幅改善 [12][34][35] 问答环节重要的提问和回答 问题1 **Noah Poponak 提问** 商用航空业务订单情况不及预期,是否存在影响订单的因素 [44] **Francisco Gomes Neto 回答** 订单签署确实比预期慢一些,但公司正在积极推进多个销售项目,预计第四季度将实现超过1:1的订单增长 [45] 问题2 **Cai Von Rumohr 提问** 未来E175和E2机型的销售占比预期如何,E2机型的利润情况如何 [51][52] **Francisco Gomes Neto 回答** 未来几年E2机型占比预计为60%,E1机型占40%,这是一个较为合理的销售结构 [52] **Antonio Carlos Garcia 回答** E2机型的利润率长期目标为中单位数,短期内仍在较低单位数水平 [46][47] 问题3 **Myles Walton 提问** 公司在供应链方面面临的挑战,是否在商用和执行航空业务上存在差异 [67][68] **Francisco Gomes Neto 回答** 公司在2022年到2023年间供应链状况有所改善,但仍存在一些挑战,主要集中在发动机等关键部件 [68]

业绩总结 - 公司商用航空部门的营收同比增长25%，调整后的EBIT利润率提高了2.1%[4] - 公司防务与安全部门的营收同比增长24%，调整后的EBIT利润率为15.6%[5] - 公司商用航空部门在2023年前三季度交付了39架飞机，同比增长了22架[7] - 公司的净债务/调整EBITDA比率在2023年第三季度为2.5倍[13] - 公司CEO Francisco Gomes Neto进行了收尾发言[14] - 报告中包含了前瞻性陈述或未发生事件或情况的陈述[15]

Francisco Gomes Neto Thanks, Antonio. The Q2 results showed [Technical Difficulty] that we are making consistent progress in our journey to improve the financial performance to deliver sustainable growth in the near future. There are several ongoing sales campaigns, especially in Defense and Commercial Aviation, and we are confident to share announcements in the coming quarters, combined with even better results in line with our guidance for the year. On top of that, the aircraft [slots] on the production l ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission ...

财报提交信息 - Embraer S.A.宣布已提交2022财年的20-F报告给美国证券交易委员会（SEC）[3] 股东权益 - 股东和Embraer美国存托股份持有人可以免费索取Embraer的年度报告20-F[5] 获取报告途径 - 报告可在SEC、巴西证券交易委员会或CVM、Embraer投资者关系网站上获取[4]

| --- | --- | --- | --- | --- | --- | --- | |-------|------------|-------|---------|-------|-------|-------| | | d and the | | | | | | | | and 11 4 2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | EMBRAER | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | INVESTOR RELATIONS | --- | --- | --- | --- | --- | --- | --- | |---------------------- ...

Embraer S.A. (NYSE:ERJ) Q4 2022 Earnings Conference Call March 10, 2023 8:00 AM ET Company Participants Francisco Gomes Neto - President and Chief Executive Officer Antonio Carlos Garcia - Chief Financial Officer Arjan Meijer - Chief Executive Officer, Commercial Aviation Michael Amalfitano - President & CEO, Embraer Executive Jets Conference Call Participants Ronald Epstein - Bank of America Louis Raffetto - Wolfe Research Noah Poponak - Goldman Sachs Victor Mizusaki - Bradesco BBI Josh Milberg - Morgan St ...