PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Empresa Brasileira de Aeronáutica S.A.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Embraer Releases Second Quarter 2009 Results in US GAAP - The Company's operating and financial information is presented, except where otherwise stated, on a consolidated basis in United States dollars (US$) in accordance with US GAAP
Embraer Releases Second Quarter 2009 Results in US GAAP

 

NewswireToday - /newswire/ - São José dos Campos, São Paulo, Brazil, 2009/07/30 - The Company's operating and financial information is presented, except where otherwise stated, on a consolidated basis in United States dollars (US$) in accordance with US GAAP. NYSE: ERJ; Bovespa: EMBR3

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Aviation/Aerospace Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The financial data presented in this document as of and for the quarters ended June 30, 2008, March 31, 2009 and June 30, 2009, are derived from the unaudited financial statements, except where otherwise stated. In order to better understand the Company’s operating performance, additional information is also presented at the end of this release, in accordance with Brazilian Corporate Law (“Brazilian GAAP”).

São José dos Campos, July 30, 2009 – Embraer (BM&F BOVESPA S.A: EMBR3; NYSE: ERJ), the world’s leading manufacturer of commercial jets with up to 120 seats, recorded net sales of US$ 1,456.6 million in the second quarter 2009 (2Q09), and net income of US$ 67.8 million, equivalent to diluted earnings per ADS of US$ 0.3750.

In 2Q09, Embraer delivered 56 jets to the commercial aviation, executive aviation and defense segments, compared to 52 jet deliveries in the second quarter of 2008 (2Q08). The Company’s firm order backlog on June 30, 2009, remained stable compared to the previous quarter, totaling US$ 19.8 billion. The backlog of the EMBRAER 170/190 family accumulated a total of 882 firm orders and 794 options, with 328 aircraft to be delivered.

Despite a higher number of deliveries, net revenues for 2Q09 totaled US$ 1,456.6 million, or a 10.9% decrease from the US$ 1,635.0 million in net revenues of 2Q08, basically due to a different product mix in 2Q09, also including 15 Phenom 100 jet deliveries.

The gross margin for 2Q09 totaled 23.1%, or an increase over the 21.9% gross margin of 2Q08, mainly due to productivity gains achieved through the P3E program, widely commented on by the Company.

Income from operations totaled US$ 174.6 million in 2Q09 or 54.2% more than US$ 113.2 million recorded for the same period last year. The increase is due to the higher gross margin in the quarter, and also to decreased operating expenses, both attributable to productivity gains and a strong control over the Company’s cost structure. The operating margin was 12.0% in 2Q09, or an increase over the 6.9% operating margin for 2Q08.

After US$ 63.4 million in income tax expense, Embraer’s net income was US$ 67.8 million in 2Q09, compared to a net income of US$ 134.4 million in 2Q08. The net margin was 4.7% in 2Q09, compared to 8.2% in 2Q08.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Aviation/Aerospace Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Empresa Brasileira de Aeronáutica S.A.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Aviation/Aerospace articles,
CATCH Visitors via Your Competitors Announcements!


Embraer Releases Second Quarter 2009 Results in US GAAP

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Second Quarter 2009 |
Publisher Contact: Press Office 
+55 12 3927 1311 press[.]embraer.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Empresa Brasileira de Aeronáutica S.A. securities in any jurisdiction including any other companies listed or named in this release.

Aviation/Aerospace via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Empresa Brasileira de Aeronáutica S.A. / Company Profile


Read Aviation/Aerospace Most Recent Related Newswires:

PPG to Exhibit Aerospace Products and Services At Avalon 2017 Australia International Airshow
Safran Enhances its Jet Engine Nacelle Support Capabilities with A New Center of Excellence for Maintenance, Repair and Overhaul
Airbus Safran Launchers - 77th Consecutive Successful Launch for Ariane 5
Norway’s Widerøe to be the E190-E2 Launch Operator
Hispasat 36W-1 Put in Orbit with the New Generation Digital Payload RedSAT Led by Thales Alenia Space Spain
Airlink Becomes First South African Airline to Acquire Embraer E-Jets
Safran and Zodiac Aerospace - A New Global Leader in Aerospace
Iridium Announces Successful First Launch of Iridium NEXT Satellites
Embraer Reaches Targets with Delivery of 108 Commercial Jets and 117 Executive Jets in 2016
Leonardo Strengthens its Position in the UK as it Begins Operating as Leonardo MW Ltd - A New Single Entity for its UK-based Operations
Airlines Expect Huge Growth Opportunities in Adopting Digital Technologies and Offering Ancillary Products Finds Frost & Sullivan
Leonardo-Finmeccanica Announces Successful First Flight for the New Aermacchi M-345
Embraer Delivers First Legacy 450 to Canada’s AirSprint
Leonardo and CNSAS Lay the Foundations of Future Helicopter Rescue through Cooperation Agreement for Joint Development of New Capabilities
CFM LEAP-1C Integrated Propulsion System Achieves Joint EASA / FAA Certification

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)