EMBRAER S.A. Releases First Quarter 2018 Earnings Results
SÃO PAULO, April 27, 2018 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; B3: EMBR3) releases its 1st Quarter 2018 earnings results.
HIGHLIGHTS
- In 1Q18, Embraer delivered 14 commercial and 11 executive (8 light and 3 large) jets, which was down from the 18 commercial and 15 executive (11 light and 4 large) jets in 1Q17;
- The Company's firm order backlog at the end of 1Q18, which now includes contracts of the newly created Services & Support segment, was US$ 19.5 billion;
- Reported EBIT and EBITDA in 1Q18 were US$ 26.4 million and US$ 89.5 million, respectively, yielding margins of 2.7% and 9.0%. There were no special items booked in 1Q18 results;
- 1Q18 Net loss attributable to Embraer shareholders and Loss per ADS were US$ (12.3) million and US$ (0.07), respectively. Adjusted Net loss (excluding the impact of FX-related non-cash deferred income tax and social contribution) for 1Q18 was US$ (24.6) million, with Adjusted Loss per ADS of US$ (0.13);
- The Company finished 1Q18 with a total cash position of US$ 3,428.4 million, and a total debt position of US$ 4,187.0 million, yielding net debt at the end of the period of US$ 758.6 million;
- In February, only 56 months after program launch, Embraer received certification for the E190-E2 from ANAC, the FAA and EASA. It is the first time that an aircraft program with the level of complexity of the E2 has received a type certificate from three major certification authorities simultaneously;
- The Company reaffirms all aspects of its 2018 financial and aircraft deliveries guidance.
|
MAIN FINANCIAL INDICATORS - IFRS | |||
|
in millions of U.S dollars, except % and earnings per share data | |||
|
1Q17 |
4Q17 |
1Q18 | |
|
Revenue |
1,042.4 |
1,729.0 |
992.0 |
|
EBIT |
40.6 |
60.5 |
26.4 |
|
EBIT Margin % |
3.9% |
3.5% |
2.7% |
|
Adjusted EBIT |
48.2 |
115.0 |
26.4 |
|
Adjusted EBIT Margin % |
4.6% |
6.7% |
2.7% |
|
EBITDA |
113.0 |
148.1 |
89.5 |
|
EBITDA Margin % |
10.8% |
8.6% |
9.0% |
|
Adjusted EBITDA |
120.6 |
202.6 |
89.5 |
|
Adjusted EBITDA Margin % |
11.6% |
11.7% |
9.0% |
|
Adjusted Net Income (Loss) 2 |
40.4 |
56.0 |
(24.6) |
|
Adjusted earnings per share - ADS basic |
0.2196 |
0.3053 |
(0.1342) |
|
Net income (loss) attributable to Embraer Shareholders |
53.2 |
41.2 |
(12.3) |
|
Earnings (losses) per share - ADS basic (US$) |
0.2893 |
0.2245 |
(0.0671) |
|
Adjusted Free Cash Flow |
(199.2) |
406.7 |
(430.9) |
|
Net debt |
(805.8) |
(310.8) |
(758.6) |
For additional information, please check the full document in our website ri.embraer.com.br
INVESTOR RELATIONS
Eduardo Couto, Chris Thornsberry, Caio Pinez, Nádia Santos, Paulo Ferreira and Viviane Pinheiro. (+55 12) 3927 1000 [email protected]ri.embraer.com.br
CONFERENCE CALL INFORMATION Embraer will host a conference call to present its 1Q18 Results on Friday, April 27, 2018 at 10:30AM (EDT). The conference call will also be broadcast live over the web at ri.embraer.com.br
Conference ID: 8698725
Telephones: Operator Assisted (US/ Canada) Toll-Free Dial-In Number: (877) 846-1574 Operator Assisted International Dial-In Number: (708) 290-0687 Your own International Toll-Free number for Brazil: 0800 047 4803 (land line) and 0800 047 4801 (cell phone)
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SOURCE EMBRAER S.A.