Summary Embraer saw growth in both the executive aviation and commercial sectors, with a 16% revenue increase year-over-year. The company delivered 47 total jets in the second quarter, an 88% increase from the first quarter. Embraer remains on track to meet its projected full-year guidance for 2024, despite ongoing supply-chain constraints.
On Thursday, August 8th, Embraer released its financial results from the second-quarter and first half of 2024. The Brazilian aircraft manufacturer reported growth in both the executive aviation and commercial sectors. Embraer also recorded a new high in private aircraft, which keeps the company on track to meet its projected full-year guidance for 2024.
The Phenom 100EX is the latest very light business jet series variant. Overall, Embraer recorded a quarterly revenue of $1.5 billion, which is a 16% year-over-year increase.
The company recorded a net income of $80.4 million, which was a significant increase from the $58 million net income from the second quarter of last year. The company delivered 47 total jets in the second quarter, which was an 88% increase from the aircraft delivered in the first quarter of this year.
Results in the private sector Embraer delivered a total of 27 business jets during the quarter. This included 20 light jets and seven medium business jets. This keeps the company on track for its end of year guidance of 125 to 135 private jets total.
The Chief Financial Officer (CFO) of Embraer, Antonio Carlos Garcia, spo.