Embraer’s Fascinating Q1

Image for post
Image for post

My latest Forbes.com article reviews Embraer’s Q1 2020 results, which were buffeted by a failed sale of its commercial aviation division to Boeing, also the COVID-19 pandemic, delinquent customers, and surprising strength in its executive aviation and defense units.

The headline numbers were down: revenue decreased 24% compared to Q1 2019, and commercial aircraft deliveries declined 55% from the previous year. Nonetheless, Embraer heads into the rest of 2020 in a strong cash position, with $2.5 billion on its balance sheet, in large part due to strong Q4 2019 results.

Embraer is fascinating.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store