Embraer (ERJ) Misses Q3 EPS by 36c, Revenues Miss
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Embraer Earnings Results: 3rd Quarter 2020
November 10, 2020 5:00 AM ESTSÃO PAULO, Nov. 10, 2020 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; B3: EMBR3) releases its Third Quarter 2020 Earnings Results.
HIGHLIGHTS
Embraer delivered 7 commercial jets and 21 executive jets (19 light / 2 large) in 3Q20, and the Company's firm order backlog at the end of the quarter was US$ 15.1 billion; Excluding special items, adjusted EBIT and EBITDA were US$ (45.3) million and US$ (0.6) million, respectively, negatively impacted by weak Commercial Aviation results, yielding adjusted EBIT margin of -6.0% and adjusted EBITDA margin of -0.1%; The 3Q20 results include... More