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As we near the end of the first quarter of 2024, we can close the books on 2023 as Embraer has now reported its earnings for the final quarter of last year, as well as its annual financial figures.
Overall last year, the company delivered 181 jets, a 13% increase over the 160 delivered in 2022. The strongest headwind limiting that number from growing forward, generally an industry-wide challenge, remains to be supply-chain delays.RELATED STORY: Embraer unveils Phenom 100EX at NBAA-BACE
For the fourth quarter, Embraer delivered 75 jets, of which 49 were business aircraft. The company delivered 115 executive jets in 2023, 74 of them light jets and 41 medium jets.
The company's books ended the year on a backlog of $18.7 billion, posting a six-year high, as well as a $3.1 backlog for services and support, a record for Embraer. The value of the aircraft backlog rose by $1.2 billion. The book-to-bill ratio is 1.3:1, according to the company.
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By comparison, Gulfstream reported at the end of the year that its backlog is now valued at $20.5 billion and a ratio of 1.2:1. Gulfstream's case is unique, as the aircraft maker awaits FAA approval for its G700 aircraft. Textron valued its backlog at year-end at $7.2 billion.
Embraer's revenue for the quarter neared the two-billion-dollar mark for the Brazilian aircraft maker, at $1.975 billion. For the fiscal year it was north of $5.2 billion.
Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft.