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Embraer S.A. (ERJ)

  • Thu, Apr. 16, 8:55 AM
    • Embraer (NYSE:ERJ) delivered 20 commercial jets and 12 business jets in the first three months of 2015, while total backlog of firm orders stood at $20.4B at the end of the quarter, the company said today in an e-mailed statement.
    • ERJ's stock has fallen 14% YTD.
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  • Wed, Apr. 15, 8:57 AM
    • Embraer (NYSE:ERJ) and Swedish partner Saab (OTC:SAABF) hope to devise a plan by June for exporting the Gripen fighter jet from Brazil starting in 2023.
    • The companies formalized their partnership in a $5.4B program yesterday at the LAAD defense fair in Rio.
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  • Mon, Mar. 30, 7:58 AM
    • Embraer (NYSE:ERJ) has received a firm order for 15 E175s and two E190s from KLM's (OTCPK:AFLYY) regional subsidiary, KLM Cityhopper.
    • The firm order is estimated at $764M based on Embraer's current list prices, and may exceed $1.5B, if all options are exercised.
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  • Fri, Mar. 20, 6:13 PM
    • With shares down 40% in the past year and debt more than twice its market value, struggling Bombardier (OTCQX:BDRBF) needs to sell some of its businesses and find a focus fast, analysts say.
    • New CEO Alain Bellemare said this week he is leaving all options open, which has some analysts predicting asset sales that could range from the Learjet division for as much as $750M to a stake in the rail business, which had 2014 revenue of more than $9B.
    • Selling off pieces could reassure investors that Bombardier can handle rising interest payments and make a start in cleaning up its debt, analysts say.
    • Bombardier’s controlling family would need to back any such plans and may not feel the need to consider a breakup right now, but analysts tell Bloomberg that Textron (NYSE:TXT) and Embraer (NYSE:ERJ) may be drawn to Learjet, while Alstom (OTCPK:ALSMY) could be a potential suitor if Bombardier offers a stake in its rail unit.
  • Thu, Mar. 12, 12:19 PM
    • Bombardier (OTCQX:BDRBF) loses the second prospect within a week for its CSeries aircraft after Lufthansa (OTCPK:DLAKF) instead chose for Embraer (NYSE:ERJ) jets to renew the short-haul fleet of its Austrian subsidiary.
    • Austrian will get 17 Embraer 195 models to replace Fokker aircraft, replacing a group of aircraft that was 21 years old on average with models that are just four years old, Lufthansa said today after announcing earnings.
    • Lufthansa’s decision to favor ERJ is another blow for the Canadian manufacturer, after Qatar Airways said last week it is no longer considering the airliner.
  • Wed, Mar. 11, 8:49 AM
    • Embraer (NYSE:ERJ) has booked a firm order from Republic Airways (NASDAQ:RJET) for five of its next-generation E-175s.
    • The deal, which will be included in Embraer's Q1 order book, is valued at $222M.
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  • Thu, Mar. 5, 5:31 PM
    • Embraer (NYSE:ERJ) plunged as much as 12% in today's trade before settling at a 4.5% loss following disappointing Q4 results and issuing below consensus FY 2015 revenue guidance.
    • Investors were focused on ERJ's negative cash flow, as the company said it has not been able to collect on unpaid accounts from the Brazilian government after saying a month ago that it expected payments in early 2015.
    • However, ERJ ended 2014 with a backlog valued at $20.9B, 15% better than the $18.2B at the end of 2013, as well as $2.4B in cash and net debt of just $84.5M.
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  • Thu, Mar. 5, 9:15 AM
  • Wed, Mar. 4, 10:40 PM
    • Embraer S.A. (NYSE:ERJ): Q4 EPS of $0.50 may not be comparable to consensus of $0.91.
    • Revenue of $2.05B (-10.9% Y/Y) misses by $90M.
    • Press Release
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  • Tue, Mar. 3, 5:35 PM
  • Tue, Feb. 3, 11:01 AM
    • Embraer's (ERJ +0.4%) new military transport and aerial refueling jet, the KC-390, successfully performed in its first flight today.
    • "The program continues to move forward as planned and the KC-390 has drawn interest from several countries around the world", announced CEO Jackson Schneider.
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  • Wed, Jan. 14, 7:04 AM
    • Compared to an earlier positive estimate, Embraer (NYSE:ERJ) is now expecting negative free cash flow of about $400M for full year 2014.
    • The decrease is mainly a result of lower revenues and some clients extending payment due dates.
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  • Nov. 25, 2014, 9:17 AM
    • Embraer (NYSE:ERJ) and SkyWest (NASDAQ:SKYW) have confirmed a firm order for seven E175 jets, valued at an estimated $301M based on 2014 list prices.
    • The aircraft are part of SkyWest's previous order for 100 (40 firm and 60 reconfirmable) E175 current generation E-Jets placed in May 2013, taking the firm order number to a total of 47.
    • The order will be included in Embraer's 2014 Q4 backlog.
    • ERJ +1.3% premarket
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  • Nov. 13, 2014, 7:38 AM
    • Embraer (NYSE:ERJ) expects Latin American airlines to add 700 new jets with 70 to 130 seats in the next 20 years, the planemaker announced in a forecast this morning.
    • That market segment's expansion would be enough to nearly triple the region's jets to 750 aircraft in 2033, up from 280 planes at present, driven by growing markets and the renewal of older fleets.
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  • Nov. 11, 2014, 7:19 AM
    • Azul, Brazil's third-biggest airline, is threatening to cancel or postpone deliveries of Embraer (NYSE:ERJ) regional jets if lawmakers do not drop a change in a new aviation law.
    • "What's happening is a distortion of the plan so that it's more attractive to fly bigger planes," says Azul CEO Antonoaldo Neves.
    • The proposed change to a bill drawn up by President Dilma Rousseff would remove the competitive advantage of jets made by Embraer on less profitable regional routes the government wants to expand.
    • Neves says an order for 30 of Embraer's next-generation E195-E2 aircraft and eight current generation E195s hangs in the balance.
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  • Nov. 9, 2014, 9:00 AM
    • A metalworkers union located just east of Sao Paulo continues its strike on Embraer (NYSE:ERJ), blocking access to the company's biggest factory to demand a 10% wage hike.
    • Embraer has made the workers a final offer of a 7.4% raise, although the union said earlier this week that an offer for a 7.4% raise would not be sufficient.
    • Chief Executive Frederico Curado announced on Thursday that Embraer had "some slack" in its production so far this year to hit 2014 delivery targets even if the strike continued for "a few days," but the company now says the strike has stopped it from delivering planes, processing bills and conducting other "critical operations."
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Company Description
Embraer S.A., is a manufacturer of commercial aircraft. Its commercial aviation business, includes aviation-related services. The Company designs, develops and manufactures a variety of commercial aircraft.