ATW Daily News
Embraer reports profit, revenue rise on increased deliveries
Thursday May 8, 2008Embraer reported a more than tripling of its first-quarter net income to $85 million from $26.2 million in the prior year on a 60.6% surge in revenue to $1.34 billion as commercial aircraft deliveries nearly doubled to 38 compared to 20 last year. Operating income more than tripled to $48.7 million from $15.5 million in the year-ago quarter. The manufacturer delivered 15 E-175s, 17 E-190s, three ERJ-145s and three E-195s during the quarter. Its firm order backlog at quarter's end was $20.3 billion, up 26.1% over $15 billion at the end of the prior-year quarter.
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ATW Media Group
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