Embraer YTD Deliveries Lag, but 4Q Will Be a Bonanza

 - November 7, 2022, 11:34 AM
Embraer expects to deliver 100 to 110 business jets this year, with about half of that total being handed over in the current fourth quarter. The company's Phenom 300E light jet historically accounts for about two-thirds of deliveries, meaning it could ship up to 36 of the light jets in the fourth quarter alone. (Photo: Embraer)

Embraer delivered 23 business jets (15 light and eight midsize airplanes) in the third quarter, up from 21 aircraft (14 light and seven midsize) in the same period a year ago. At the same time, the Brazilian aircraft manufacturer handed over 10 commercial airplanes, up one unit from third-quarter 2021.

Year-to-date, Embraer has shipped 52 executive jets (33 light and 19 midsize), compared with 54 (36 light and 18 midsize) in the first nine months of 2021. But Embraer reaffirmed its 2022 delivery guidance for 100 to 110 business jets, which means the company’s fourth-quarter shipments will nearly equal or exceed those in the first three quarters combined. In 2021, Embraer handed over 93 business jets (62 light and 31 midsize).

Commercial deliveries in the first nine months stood at 27 aircraft, down from 32 in the comparable period a year ago. The company expects to hand over 60 to 70 commercial jets this year, which means fourth-quarter deliveries for these aircraft will exceed those for the first nine months.

Embraer’s firm order backlog for commercial and business jets ended the third quarter at $17.8 billion. While that is flat from the second quarter, the backlog has grown by $800 million since the end of last year.