Embraer announced its deliveries and revenues for the second quarter and the first half of 2021 on Friday, with a total of 34 commercial and business jet aircraft delivered in Q2.
Revenues for the second quarter topped $1.13 billion, a significant increase over 2020′s Q2 performance.
The company broke down the totals into 14 commercial jets and 20 executive jets—with what they categorize as 12 light and 8 large jets within the segment. Typically, “light” signifies the Phenom 100EV and 300E class, while “large” refers to the Praetor 500 and 600 and Lineage in the current model lineup.
The first half of the year in total has brought 23 commercial deliveries and 33 on the business-aviation side, with growth in revenues over the same period in 2020 of 65.5 percent.
Embraer reports a solid backlog as well: $15.9 billion. This translates in part to its delivery forecast for the remainder of the year.
“The company expects commercial jet deliveries of 45 to 50 aircraft, executive jet deliveries of 90 to 95 units, consolidated revenues in a range of $4.0 to $4.5 billion, adjusted EBIT margin of 3.0 percent to 4.0 percent, adjusted EBITDA margin of 8.5 percent to 9.5 percent, and free cash flow to be within a range of a usage of $150 million to breakeven for the year without M&A or divestitures,” Embraer reported in a press release.
