Embraer's Backlog Jumps but Revenues Drop
Despite a 26 percent dip in Q1 revenues, Embraer is maintaining its guidance as backlog reached highest point since the second quarter of 2018,
Embraer delivered 15 Phenom 300s during the first half of 2022 continuing its reign as the company's most-delivered model. (Photo: Embraer)
Embraer delivered 15 Phenom 300s during the first half of 2022 continuing its reign as the company's most-delivered model. (Photo: Embraer)

Embraer saw revenues drop 26 percent in the first quarter as deliveries of its executive jets dipped and the company encountered almost a month of production shutdown while it reintegrated its commercial aviation business. However, continued strong sales helped push up backlog by $300 million in the quarter, to $17.3 billion, marking the Brazilian airframer’s strongest order book since the second quarter of 2018, Embraer reported on Thursday. Backlog further is up from $14.2 billion a year ago.