EMBRAER S.A. Releases First Quarter 2018 Earnings Results

SÃO PAULO, April 27, 2018 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; B3: EMBR3) releases its 1^st Quarter 2018 earnings results.

HIGHLIGHTS

• In 1Q18, Embraer delivered 14 commercial and 11 executive (8 light and 3 large) jets, which was down from the 18 commercial and 15 executive (11 light and 4 large) jets in 1Q17;
• The Company's firm order backlog at the end of 1Q18, which now includes contracts of the newly created Services & Support segment, was US$ 19.5 billion;
• Reported EBIT and EBITDA in 1Q18 were US$ 26.4 million and US$ 89.5 million, respectively, yielding margins of 2.7% and 9.0%. There were no special items booked in 1Q18 results;
• 1Q18 Net loss attributable to Embraer shareholders and Loss per ADS were US$ (12.3) million and US$ (0.07), respectively. Adjusted Net loss (excluding the impact of FX-related non-cash deferred income tax and social contribution) for 1Q18 was US$ (24.6) million, with Adjusted Loss per ADS of US$ (0.13);
• The Company finished 1Q18 with a total cash position of US$ 3,428.4 million, and a total debt position of US$ 4,187.0 million, yielding net debt at the end of the period of US$ 758.6 million;
• In February, only 56 months after program launch, Embraer received certification for the E190-E2 from ANAC, the FAA and EASA. It is the first time that an aircraft program with the level of complexity of the E2 has received a type certificate from three major certification authorities simultaneously;
• The Company reaffirms all aspects of its 2018 financial and aircraft deliveries guidance.

For additional information, please check the full document in our website ri.embraer.com.br

INVESTOR RELATIONS

Eduardo Couto, Chris Thornsberry, Caio Pinez, Nádia Santos, Paulo Ferreira and Viviane Pinheiro.
(+55 12) 3927 1000 
investor.relations@embraer.com.br
ri.embraer.com.br

CONFERENCE CALL INFORMATION
Embraer will host a conference call to present its 1Q18 Results on Friday, April 27, 2018 at 10:30AM (EDT). The conference call will also be broadcast live over the web at ri.embraer.com.br

Conference ID: 8698725

Telephones:
Operator Assisted (US/ Canada) Toll-Free Dial-In Number: (877) 846-1574
Operator Assisted International Dial-In Number: (708) 290-0687
Your own International Toll-Free number for Brazil: 0800 047 4803 (land line) and 0800 047 4801 (cell phone)

View original content:http://www.prnewswire.com/news-releases/embraer-sa-releases-first-quarter-2018-earnings-results-300637818.html

SOURCE EMBRAER S.A.