Embraer reached an all-time US$ 26.3 billion backlog record in the last quarter of 2024
PR Newswire
SÃO PAULO, Feb. 6, 2025
-- The company wide backlog value expanded 40%+ year-on-year in 4Q24
-- Commercial Aviation finished 2024 with a US$10.2 billion backlog (15%
year-on-year) and a strong 1.6x book-to-bill ratio
-- Executive Jets recorded a new US$7.4 billion all-time high backlog (65%+
quarter-on-quarter) supported by a marquee deal with Flexjet
-- Services & Support posted a new all-time high US$4.6 billion backlog
during the quarter, up 50%+ compared to 4Q23
-- Defense & Security registered a 67% year-on-year backlog increase to
US$4.2 billion, with a record share from global clients
SÃO PAULO, Feb. 6, 2025 /PRNewswire/ -- Embraer (NYSE: ERJ / B3: EMBR3), one of the global leaders in the aerospace industry, reports that its organization-wide backlog reached US$26.3 billion in 4Q24. The value is the largest ever recorded by the company in its history, and more than 40% higher year-on-year and 16% higher quarter-on-quarter. Embraer finished 2024 with an industry leading 2.2 book-to-bill ratio based on financial values(1) .
Backlog by Segment - US$bn 4Q24 3Q24 qoq 4Q23 yoy
--------------------------- ---- ---- ---- ---- ----
Commercial Aviation 10.2 11.1 -8 % 8.8 15 %
--------------------------- ---- ---- ---- ---- ----
Executive Jets 7.4 4.4 67 % 4.3 70 %
--------------------------- ---- ---- ---- ---- ----
Services & Support 4.6 3.5 31 % 3.1 50 %
--------------------------- ---- ---- ---- ---- ----
Defense & Security 4.2 3.6 15 % 2.5 67 %
--------------------------- ---- ---- ---- ---- ----
Total 26.3 22.7 16 % 18.7 41 %
--------------------------- ---- ---- ---- ---- ----
Embraer delivered 75 aircraft in the last quarter of the year, 27% more than the 59 aircraft in the previous quarter (3Q24), and equal to the number in the same period a year ago (4Q23). Meanwhile, the company delivered a total of 206 aircraft in 2024 -- a 14% increase compared to the 181 aircraft in 2023.
Deliveries by Segment 4Q24 3Q24 4Q23 2024 FY 2023 FY 2024 Guidance
------------------------ ------- ---- ---- ------- ------- -------------
Executive Aviation 44 41 49 130 115 125-135
------------------------ ------- ---- ---- ------- ------- -------------
Phenom 100 3 4 6 10 11
------------------------ ------- ---- ---- ------- -------
Phenom 300 19 18 24 65 63
------------------------ ------- ---- ---- ------- -------
Light Jets 22 22 30 75 74
------------------------ ------- ---- ---- ------- -------
Praetor 500 13 9 10 28 20
------------------------ ------- ---- ---- ------- -------
Praetor 600 9 10 9 27 21
------------------------ ------- ---- ---- ------- -------
Medium Jets 22 19 19 55 41
------------------------ ------- ---- ---- ------- -------
Commercial Aviation 31 16 25 73 64 70-73
------------------------ ------- ---- ---- ------- ------- -------------
E195-E2 18 10 17 39 38
------------------------ ------- ---- ---- ------- -------
E190-E2 2 2 1 8 1
------------------------ ------- ---- ---- ------- -------
E175 11 4 7 26 25
------------------------ ------- ---- ---- ------- -------
Total Commercial &
Executive 75 57 74 203 179 195-208*
------------------------ ------- ---- ---- ------- ------- -------------
Defense & Security - 2 1 3 2
------------------------ ------- ---- ---- ------- -------
C-390 Millennium - 2 1 3 2
------------------------ ------- ---- ---- ------- -------
A-29 Super Tucano - - - - -
------------------------ ------- ---- ---- ------- ------- -------------
*Excludes C-390 Millennium and
A-29 Super Tucano deliveries
In Commercial Aviation, the backlog reached US$10.2 billion in 4Q24 -- 15% higher year-on-year but 8% lower quarter-on-quarter -- because of the seasonally strong period of aircraft deliveries. The business unit delivered 31 new aircraft in the last quarter of 2024 and 73 in the full year (at the ceiling of revised estimates of 70-73 for the year and within the original estimates of 72-80). Consequently, Commercial Aviation finished 2024 with a strong 1.6 book-to-bill ratio based on financial values(2) .
Luxair formalized an order for 2 E195-E2s, which will complement the airline's fleet of larger aircraft already requested. By exercising 2 secured options on its 2023 firm order for 4 aircraft, Luxair now has a total of 6 E195-E2 jets requested. Thus, Embraer currently has 179 firm orders for the E2 Jets family and 164 for the E1-175 Jet aircraft.
Finally, it is important to highlight the company's production leveling initiative, which the company wants to make progress in 2025.
4Q24 Backlog - Commercial Aviation
-----------------------------------------------------------
Aircraft Type Firm Orders Deliveries Firm Order Backlog
-------------- ----------- ---------- ------------------
E175 943 779 164
-------------- ----------- ---------- ------------------
E190-E2 52 27 25
-------------- ----------- ---------- ------------------
E195-E2 282 128 154
-------------- ----------- ---------- ------------------
Total 1,277 934 343
-------------- ----------- ---------- ------------------
Customer (Country) Firm Orders Delivered Firm Order Backlog
---------------------------------- ----------- --------- ------------------
EMBRAER 175 943 779 164
---------------------------------- ----------- --------- ------------------
American Airlines $(USA)$ 204 112 92
Republic Airlines $(USA.UK)$ 187 146 41
Skywest $(USA.NZ)$ 228 212 16
Horizon Air / Alaska (USA) 50 44 6
Air Peace (Nigeria) 5 - 5
Undisclosed 4 1 3
Overland Airways (Nigeria) 3 2 1
Air Canada (Canada) 15 15 -
Air Lease (USA) 8 8 -
Alitalia (Italy) 2 2 -
Belavia (Belarus) 1 1 -
CIT (USA) 4 4 -
ECC Leasing (Ireland)* 1 1 -
Flybe (UK) 11 11 -
Fuji Dream (Japan) 2 2 -
GECAS (USA) 5 5 -
KLM (The Netherlands) 17 17 -
LOT Polish (Poland) 12 12 -
Mauritania Airlines (Mauritania) 2 2 -
Mesa (USA) 7 7 -
NAC / Aldus (Ireland) 2 2 -
NAC / Jetscape (USA) 4 4 -
Northwest (USA) 36 36 -
Oman Air (Oman) 5 5 -
Royal Jordanian (Jordan) 2 2 -
Suzuyo (Japan) 11 11 -
TRIP (Brazil) 5 5 -
United Airlines (USA) 110 110 -
---------------------------------- ----------- --------- ------------------
* Aircraft delivered by ECC
Leasing: one to Air Caraibes
Customer (Country) Firm Orders Delivered Firm Order Backlog
---------------------------------- ----------- --------- ------------------
Embraer 190-E2 52 27 25
---------------------------------- ----------- --------- ------------------
Mexicana (Mexico) 10 - 10
Azorra (USA) 16 8 8
Virgin Australia (Australia) 4 - 4
Aircastle (USA) 2 - 2
Air Kiribati (Kiribati) 2 1 1
Aercap (Ireland) 5 5 -
Helvetic (Switzerland) 8 8 -
Wideroe (Norway) 3 3 -
Placar Linhas Aéreas (Brazil) 1 1 -
Undisclosed 1 1 -
---------------------------------- ----------- --------- ------------------
(MORE TO FOLLOW) Dow Jones Newswires
February 06, 2025 08:50 ET (13:50 GMT)
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