Embraer S.A. (NYSE:ERJ) Q3 2023 Earnings Conference Call November 6, 2023 8:00 AM ET
Company Participants
Francisco Gomes Neto - President and CEO
Antonio Carlos Garcia - Chief Financial Officer
Leonardo Shinohara - Director, Investor Relations
Conference Call Participants
Noah Poponak - Goldman Sachs
Cai Von Rumohr - TD
Myles Walton - Wolfe Research
Filipe Nielsen - Citi
Kristine Liwag - Morgan Stanley
Ron Epstein - Bank of America
Marcelo Motta - JPMorgan
Andre Ferreira - Bradesco BBI
Operator
Good morning, ladies and gentlemen. And welcome to the Audio Conference Call for Embraer’s Financial Results for the Third Quarter of 2023. Thank you for standing by.
The numbers of this presentation contain non-GAAP financial information to facilitate investors to reconcile Eve’s financial information in GAAP standard to Embraer’s IFRS. We remind that Eve’s results will be discussed on Eve’s conference. It is important to mention that all numbers are presented in U.S. dollar as it is our functional currency.
At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. Instructions to participate will be given at the time. As a reminder, this conference is being recorded.
This conference call includes forward-looking statements or statements about events or circumstances which have not occurred. Embraer has based these forward-looking statements largely on its current expectations and projections about future events and financial trends affecting the business and its future financial performance.
These forward-looking statements are subject to risks, uncertainties and assumptions including, among other things, general economic, political and business conditions in Brazil and in other markets where the company is present.
The words, believes, may, will, estimates, continues, anticipates, intends, expects and similar words are intended to identify forward-looking statements. Embraer undertakes no obligations to update publicly revise any forward-looking statements because of new information, future events and other factors.
In light of these risks and uncertainties, the forward-looking events and circumstances discussed on this conference call might not occur. The company’s actual results could differ substantially from those anticipated in the forward-looking statements.
Participants on today’s conference calls are Francisco Gomes Neto, President and CEO; Antonio Carlos Garcia, Chief Financial Officer; and Leonardo Shinohara, Director of Investor Relations.
I would like now to turn the conference over to Francisco, who will proceed with the first remarks. Please go ahead.
Francisco Gomes Neto
Good morning and thank you all for joining our third quarter 2023 results conference call today. Firm order backlog ended at $17.8 billion, a $500 million increase versus the second quarter, with 42 commercial aircraft sold by September. This quarter was marked by an excellent sales momentum and double-digit revenue growth in all business units. EBIT and free cash flow are in line with our expectations.