Embraer Announces Second-Quarter 2014 Results

Brazil’s EMBRAER SA released its second quarter 2014 results. In the second quarter of 2014 (2Q14), Embraer delivered 29 commercial and 29 executive (22 light and 7 large) jets. The Company's firm order backlog ended 2Q14 at US$ 18.1 billion.

As a result of aircraft deliveries, coupled with revenues from the Company's Defense & Security business, 2Q14 Revenues were US$ 1,761.3 million, for year-over-year growth of 13.1 percent. Year-to-date (YTD) Revenues in the first six months of 2014 were US$ 3,003.6 million, representing year-over-year growth of 13.6 percent.

EBIT and EBITDA margins were 10.6 percent and 14.8 percent respectively, in 2Q14, and for the first six months of 2014 were 9.3 percent and 13.7 percent, respectively.

2Q14 Net income attributable to Embraer Shareholders and Earnings per basic ADS totaled US$ 143.4 million and US$ 0.7829, respectively. For the first half of 2014, Net income attributable to Embraer Shareholders was US$ 254.0 million and Earnings per basic ADS was US$ 1.3867.

The Company's 2014 Guidance for financial performance and Commercial and Executive aircraft deliveries published in February remains unchanged.