Embraer Revenues, Profits Climb in 1Q14
Embraer’s revenues in the quarter rose by $157 million, to $1.242 billion, while profits climbed from $30 million in the first quarter of 2013 to $110.6 million in the same period this year. At its Executive Jets division, first-quarter revenue soared to $267.4 million, up from $175.3 million a year ago. Embraer delivered 20 executive jets (17 light and three large) in the quarter, compared with 12 (eight light, four large) in the same period last year. Meanwhile, its firm-order backlog for airliners and business jets grew to $19.2 billion, its highest since the second quarter of 2009.