Embraer SA (ERJ) has released an update.
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Embraer S.A. has updated its 2024 financial guidance, adjusting commercial aviation deliveries to between 70 and 73 aircraft, while maintaining executive aviation deliveries and consolidated revenue forecasts. Notably, the company has raised its adjusted EBIT margin projection to 9-10% and increased its free cash flow estimate to $300 million or higher. These changes reflect Embraer’s reassessment of market opportunities and risks for the year.
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