Embraer (ERJ) Misses Q4 EPS by 29c, Delivers 55 Jets; Offers 2022 Guidance
Embraer (NYSE: ERJ) reported Q4 EPS of ($0.18), $0.29 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.47 billion. Embraer delivered 55 jets in the fourth quarter, of which 16 commercial aircraft and 39 executive jets (26 light and 13 mid-size)
The company guides 2022 commercial jet deliveries of 60-70 aircraft, executive jet deliveries of 100-110 aircraft, revenues in a range of US$ 4.5 to US$ 5.0 billion, Adjusted EBIT margin of 3.5% to 4.5%, Adjusted EBITDA margin of 8.0% to 9.0%, and free cash flow of US$ 50 million or better for the year.
For earnings history and earnings-related data on Embraer (ERJ) click here.
