Embraer Announces Its Second Quarter 2013 Results PR Newswire SAO JOSE DOS CAMPOS, Brazil, July 25 , 2013 SAO JOSE DOS CAMPOS, Brazil, July 25 ^ , 2013 /PRNewswire/ -- EMBRAER S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) releases its second quarter 2013 results. HIGHLIGHTS oIn the second quarter of 2013 (2Q13), Embraer delivered 22 commercial and 29 executive (23 light and 6 large) jets; oThe Company's firm order backlog grew to US$ 17.1 billion, reaching its highest level since the third quarter of 2009, mainly as a result of significant orders in the Commercial aviation segment; oAs a result of aircraft deliveries, coupled with revenues from the Company's growing Defense & Security business, 2Q13 Revenues reached US$ 1,557.0 million and gross margin was 23.1% for the period; oEBIT and EBITDA margins were 8.7% and 13.1% respectively, in 2Q13; oPositive operating cash generation of US$ 412.8 million in 2Q13; o2Q13 Net income (loss) attributable to Embraer Shareholders and Earnings (loss) per ADS basic totaled negative US$ 5.3 million and negative US$ 0.0291, respectively, primarily as a result of Deferred income taxes generated by the appreciation of the US Dollar during the period, which negatively impacted 2Q13 Net income. Therefore, 2Q13 Adjusted Net Income, excluding deferred income taxes, was US$ 91.8 million. MAIN FINANCIAL INDICATORS in millions of U.S dollars, except % and earnings per share data IFRS (1) (1) (1) (1) 1Q13 2Q12 2Q13 YTD13 Revenue 1,085.9 1,714.9 1,557.0 2,642.9 EBIT 39.5 197.4 135.3 174.8 EBIT Margin % 3.6% 11.5% 8.7% 6.6% EBITDA 100.3 265.2 203.7 304.0 EBITDA Margin % 9.2% 15.5% 13.1% 11.5% Adjusted Net Income 34.2 158.9 91.8 125.9 Net income (loss) attributable to Embraer 30.0 54.6 (5.3) 24.6 Shareholders Earnings (loss) per share - ADS basic 0.1652 0.3011 (0.0291) 0.1353 Net Cash 98.2 289.8 58.0 58.0 (1) Derived from unaudited financial information. For additional information, please check the full document in our website: http://ri.embraer.com.br INVESTOR RELATIONS Luciano Froes, Caio Pinez, Claudio Massuda, Nadia Santos and Paulo Ferreira (+55 12) 3927-4404 email@example.com http://ri.embraer.com.br Follow Embraer's IR Department on twitter: @IREmbraer CONFERENCE CALL INFORMATION Embraer will host a conference call to present its 2Q13 Results on Friday, July 26, 2013 at 10:30am (SP) / 9:30 am (NY). The conference call will also be broadcast live over the web at http://ri.embraer.com.br Telephones: Operator Assisted (US/ Canada) Toll-Free Dial-In Number: (877) 846-1574 Operator Assisted International Dial-In Number: (708) 290-0687 Your own International Toll-Free number for Brazil: 0800 047 4803 (land line) and 0800 047 4801 (cell phone) Code: 71911929 SOURCE Embraer S.A. Website: http://ri.embraer.com.br
Embraer Announces Its Second Quarter 2013 Results
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