Embraer (ERJ) Misses Q2 EPS by 13c, Revenues Beat
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Embraer Earnings Results 2nd Quarter 2020
August 5, 2020 6:00 AM EDTSÃO PAULO, Aug. 5, 2020 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; B3: EMBR3) releases its Second Quarter 2020 Earnings Results.
HIGHLIGHTS
Embraer delivered four commercial jets and 13 executive jets (nine light / four large) in 2Q20, and the Company's firm order backlog at the end of 2Q20 was US$ 15.4 billion;Excluding special items, adjusted EBIT and EBITDA were US$ (140.5) million and US$ (120.4) million, respectively, negatively impacted by weak Commercial Aviation results, yielding adjusted EBIT margin of -26.2%% and adjusted EBITDA margin of -22.4%; The 2Q20 results... More