On Friday, November 8th, Embraer released its financial report for the third quarter of 2024. Embraer is one of the largest aircraft manufacturers in the world, trailing only Boeing and Airbus for most aircraft produced annually. The company reported on its commercial aviation deliveries and improvements.
However, Embraer also revealed a positive quarter for its private aviation business. Overall, the company recorded a total revenue of nearly $1.7 billion in the third quarter of this year.
The company expects Europe's aviation regulator to certify the P2F jet by the end of the year. Financial results for this year's third quarter The Brazilian aircraft manufacturer reported a successful third quarter. The company's revenue increased to approximately $1.
692 billion in the quarter, which is a 32% year-over-year improvement. Because of this significant improvement, Embraer updated its guidance for the entire 2024. The company now projects its yearly revenue to fall in the range of $6 billion to $6.
4 billion. The company's adjusted earnings before interest and taxes (EBIT) reached approximately $297.5 million in this year's third quarter.
This comes with a 17.6% margin. Because of this, the company changed its yearly projection for adjusted EBIT margin to fall between 9% and 10%, which is up from the earlier projections of 6.
5% to 7.5%. This helped the aircraft manufacturer reach an adjusted net income of just over $220 million for the quarter.
This was a large improvement from .