Embraer reached an all-time US$ 26.3bn backlog record in the last quarter of 2024

Embraer reports that its organization-wide backlog reached US$26.3bn 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 finished 2024 with an industry leading 2.2 book-to-bill ratio based on financial values.

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 Executive Aviation, the backlog soared to US$ 7.4 billion in 4Q24 - 70% higher year-on-year and 67% higher quarter-on-quarter - and a new all-time high for the business unit supported by a marquee contract with Flexjet. The deal includes 182 firm orders for Phenom 300E, Praetor 500, and Praetor 600 aircraft with deliveries from 2026 to 2030, and up to 30 additional Praetor options.

The division delivered 44 jets in the last quarter of 2024, and a total of 130 for the year (at the midpoint of the original guidance for 2024, and a 14-year high). Consequently, Executive Aviation finished 2024 with an industry leading 2.7 book-to-bill ratio based on financial values.

The mid and super-mid-sized Praetor 500 and Praetor 600 represented half of the segment deliveries (22 jets) during the quarter, supported by the solid thrust forward of the aircraft family. Meanwhile, the Phenom 300, the best-selling aircraft in its category for 12 consecutive years worldwide, was the top performer (19 jets) over the period.

It is important to highlight the progress observed in the company’s production leveling initiative in 2024. Management managed to reduce how deliveries were skewed towards Q4 and better distribute them throughout the quarters. In 2024, Q4 deliveries accounted for 34% of the yearly total while that number was 45% on average for the previous five years. The company achieved significant results during the year and expects additional gains supported by supply chain improvements in the near future.

BlueSky Business Aviation News | 13th February 2025 | Issue #783

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