DALLAS – Brazilian aerospace company Embraer consolidated revenues of US$1,018.9m in the second quarter of 2022, representing a decrease of 9.9% y-o-y.
Revenue was mostly driven by lower deliveries in Commercial and Defense & Security and partially offset by higher revenues in Services & Support.
Embraer’s commercial aviation arm reported a revenue reduction of 23% y-o-y of US$299.9m due to lower aircraft deliveries in the quarter. The company also reported a 2Q22 consolidated gross margin from commercial aviation of 13.2% higher than the 4.5% reported in 2Q21.
The company’s firm order backlog ended 2Q22 at US$17.8bn (+US$0.5bn versus 1Q22). According to Embraer, this read more ⇒
Source:: “Airways Magazine”