Embraer reaches $26.3B backlog in Q4

Embraer (ERJ) reported that its organization-wide backlog reached $26.3B in 4Q24. The value is the largest ever recorded by the company in its history, and more than 40% higher year-on-year and 16% higher quarter-on-quarter. Embraer delivered 75 aircraft in the last quarter of the year, 27% more than the 59 aircraft in the previous quarter – 3Q24 -, and equal to the number in the same period a year ago – 4Q23 -. Meanwhile, the company delivered a total of 206 aircraft in 2024 – a 14% increase compared to the 181 aircraft in 2023. In Commercial Aviation, the backlog reached $10.2B in 4Q24 – 15% higher year-on-year but 8% lower quarter-on-quarter – because of the seasonally strong period of aircraft deliveries.