Embraer Publishes 2H24 Results, Registers Record Backlog

SÃO JOSÉ DOS CAMPOS — Today, Embraer published its second quarterly financial results. In the past three months, the Brazilian manufacturer reiterated its estimates for Commercial Aviation deliveries between 77 and 85 units and forecast revenues in the US$7.0 to 7.5 billion range, with growing EBIT margins and adjusted free cash flow of US$200 million or higher.

Half-on-half revenue increased from US$2,390.8 to 2,922.2 million between 1H24 and 1H25, with EBIDTA rising by almost 50% in the same period to US$354.1 million. 

During an online press conference, investors and media were introduced to the financial results. Embraer’s CEO, Francisco Gomes Neto, commented on the results, “Embraer delivered its strongest second quarter in history.”

Tariffs remain a hot topic. Gomes Neto added on the topics: “US tariffs continue to be a major concern in our business, with a major step forward last week. We are confident in further progress and negotiations. We are positive that we will come to a good resolution for this issue. We believe we have a very robust economic thesis consisting of an important surplus and thousands of jobs in the US.”

“SAS ordered 45 E195-E2s, SkyWest added 60 E175s. In total, commercial aviation recorded a book-to-bill of 1.8,” he added. Gomes Neto concluded by listing Embraer’s role in the US as a key commercial market and stated that the company does not expect large E1 orders this year. 

In the second quarter, Embraer delivered 19 commercial jets (10 E2s and 9 E1s), the exact total as delivered in 2Q24 and 12 more than delivered in 1Q25. Commercial aviation accounts for the company’s most considerable backlog, which cumulatively reached US $29.7 billion. Commercial aviation saw an increase to US$13.1 billion in 2Q25 and 4% higher year-on-year revenue.

Regarding the KC390 final assembly line in Poland, Gomes Neto stated that the FAL would be the result of a larger deal; however, Poland’s carrier LOT opted to purchase the A220 and declined Embraer’s proposal for the E2.

What's Next for the E175

About the upgraded E175, featuring the upgrades unveiled at the 2024 Farnborough Airshow, Gomes Neto added: “We are working with the suppliers about the new luggage bins, seats, and lighting moods. We expect the first one to be delivered by the end of 2026 or the beginning of 2027.”

Regarding EVE, Francisco Gomes Neto confirmed that the first flight is planned for December 2025, in line with the original plan.