Embraer (ERJ) Tops Q3 EPS by 12c
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Embraer Releases Third Quarter 2016 Results
October 31, 2016 5:00 AM EDTSÃO PAULO, Oct. 31, 2016 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) releases its third quarter 2016 results.
HIGHLIGHTS
During 3Q16, Embraer delivered 29 commercial jets and 25 executive jets (13 light and 12 large); The Company's firm order backlog ended the quarter at US$ 21.4 billion versus US$ 21.9 billion in 2Q16; Revenues in 3Q16 grew 17.9% on a year-over-year basis to US$ 1,514.3 million, driven by higher revenues in the Commercial Aviation and Defense & Security segments; Consolidated gross margin in 3Q16 was 18.8%, an increase from the 17.5%... More