Embraer SA reports USD1.5m in Q3 2016 revenues

Embraer SA (NYSE: ERJ) has reported third quarter 2016 revenues of USD1,514,300 million, an increase of 17.9 percent on a year-over-year basis, the company said.

The company reported the consolidated gross margin in the third quarter was 18.8 percent, an increase from the 17.5 percent registered in the third quarter 2015.

In the third quarter 2016, the company said it booked in other operating income (expense), net an additional USD5.5 million loss contingency related to finalization of negotiations related to the US Foreign Corrupt Practices Act (FCPA), and a USD 118.1 million provision related to costs for the first round of voluntary dismissal;

Adjusted EBIT and adjusted EBIT margin in the third quarter were USD94.7 million and 6.3 percent, respectively. Adjusted EBITDA and adjusted EBITDA margin in the quarter, excluding these impacts, were USD187.3 million and 12.4 percent, respectively.

Net loss attributable to Embraer shareholders and loss per basic ADS totaled USD(33.7) million and USD(0.1848), respectively.

During 3Q16, Embraer said it delivered 29 commercial jets and 25 executive jets (13 light and 12 large).