SAO PAULO (Reuters) – Brazilian planemaker Embraer on Monday reported a third-quarter adjusted net income of $32.9 million, up 34% from a year earlier, and reiterated its outlooks for the full year despite ongoing supply chain issues.
The world’s third-largest planemaker behind Boeing and Airbus had previously said it delivered 43 aircraft in the quarter ended in September, up 30% from the same period of 2022, including 15 commercial and 28 executive jets.
The company said on Monday it was making no changes to its delivery and financial guidance for the year, which includes delivery of as many as 200 aircraft across its commercial and executive aviation operations.
“We have a big challenge for deliveries in the fourth quarter, but as we demonstrated in the fourth quarter of 2022, we are prepared for it,” Chief Financial Officer Antonio Carlos Garcia told a conference call with analysts.
Chief executive Francisco Gomes Neto told Reuters last month that Embraer was confident it would meet its outlook for aircraft deliveries in 2023, seen growing by about a quarter, and expects to be able to maintain that pace next year.
Embraer’s net revenue jumped 38% in the third quarter to $1.28 billion, the firm said, noting it managed to post double-digit revenue growth across all its four units – which also include defense & security and services & support.
($1 = 4.9007 reais)
(Reporting by Gabriel Araujo; Editing by Louise Heavens, David Goodman and Chizu Nomiyama)
