Embraer S.A. (NYSE:ERJ) Q4 2023 Earnings Conference Call March 18, 2024 8:00 AM ET
Company Participants
Guilherme Paiva - Head of Investor Relations
Francisco Gomes Neto - President and Chief Executive Officer
Antonio Carlos Garcia - Executive Vice President, Financial and Investor Relations
Conference Call Participants
Marcelo Motta - JPMorgan
Victor Mizusaki - Bradesco BBI
Gabriel Rezende - Itau BBA
Myles Walton - Wolfe Research
Cai Von Rumohr - Cowen
Jordan Lyonnais - Bank of America
Jay Singh - Citi
Lucas Barbosa - Santander
Guilherme Paiva
Good morning, ladies and gentlemen. My name is Agip Paiva, and I'm the Head of Investor Relations for Embraer. I want to welcome you to the Fourth Quarter of 2023 and Full Year Earnings Conference Call. Thank you for standing by.
The numbers in this presentation contain non-GAAP financial information to facilitate investors to reconcile EVE's financial information in GAAP standards to Embraer's IFRS. We remind you that EVE's results were previously discussed at EVE's conference call. It is important to mention that all numbers are presented in US dollars as it is our functional currency.
This conference call may include statements about future events based on Embraer's expectations and financial market trends. Such statements are subject to uncertainties that may cause actual results to differ from those expressed or implied in this conference call. Except in accordance with applicable rules, the company assumes no obligation to publicly update any forward-looking statements.
For detailed financial information, the company encourages reviewing publications filed by the company with the Brazilian Comissao de Valores Mobiliarios or CVM. At this time, all participants are in a listen-only mode. We'll give later on instructions for the participation in the Q&A session.
As a reminder, this conference is being recorded. Participants on today's conference call are Francisco Gomes Neto, President and CEO of Embraer; and Antonio Carlos Garcia, our CFO.
It is my pleasure to now turn the conference call to our CEO, Francisco Gomes. Please go ahead, Francisco.
Francisco Gomes Neto
Good morning, and good afternoon to all. Thank you, and welcome to Embraer's Q4 2023 Results Conference Call.
In 2023, our commercial activity intensified in all business units with solid demand in the company's main markets. We also had a great start in 2024 with an important order from American Airlines, that has driven our commercial aviation book-to-bill ratio above 1:1 for the year already in Q1.
Last year, supply chain delays negatively impacted our business. However, we posted double-digit growth in aircraft deliveries, services and revenues. The strong increase in sales helped the company's backlog to surpass pre-pandemic levels as it reached $18.7 billion, the highest number recorded in the last six years. And I am confident to say there is still much more upside to be captured in the near future for all business units.