Embraer Earnings Results 1st Quarter 2020
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Embraer (ERJ) Reports Q1 Loss of $0.57 on Revenues of $633.8M
June 1, 2020 6:07 AM EDTEmbraer (NYSE: ERJ) reported Q1 EPS of ($0.57), versus ($0.34) reported last year. Revenue for the quarter came in at $633.8 million, versus $823.3 million reported last year.
HIGHLIGHTS
Embraer delivered five commercial jets and nine executive jets (five light / four large) in 1Q20, and the Company's firm order backlog at the end of 1Q20 was US$ 15.9 billion;EBIT and EBITDA in 1Q20 as reported were US$ (46.9) million and US$ 9.3 million, respectively, yielding EBIT margin of -7.4% and EBITDA margin of 1.5%. This... More