SÃO PAULO, Oct. 30, 2018 /PRNewswire/ -- EMBRAER S.A. ERJ B3: EMBR3))) releases its Third Quarter 2018 earnings results.

HIGHLIGHTS

• In 3Q18, Embraer delivered 15 commercial and 24 executive (17 light and 7 large) jets, compared to the 25 commercial and 20 executive (13 light and 7 large) jets in 3Q17;
• The Company's firm order backlog was US$ 13.6 billion at the end of 3Q18, including contracts of the Services & Support segment;
• Reported EBIT and EBITDA in 3Q18 were US$ 45.4 million and US$ 104.8 million, respectively, yielding margins of 3.9% and 9.1%. On a year-to-date basis, the Company's reported EBIT and EBITDA in 2018 were US$ 54.1 million and US$ 238.4 million, respectively. The year-to-date figures include the negative impact of a non-recurring special item of US$ 127.2 million related to additional costs on the KC-390 development contract in 2Q18 resulting from the incident with prototype aircraft 001 in May;
• Over the first nine months of 2018, adjusted EBIT and adjusted EBITDA, excluding the impact of the KC-390 special item, were US$ 181.3 million and US$ 365.6 million, respectively. Year-to-date adjusted EBIT margin over the first nine months of 2018 was 5.3% and adjusted EBITDA margin in the same period was 10.8%, in line with Embraer's published 2018 guidance ranges of 5-6% for adjusted EBIT and 10-11% for adjusted EBITDA;
• 3Q18 Net loss attributable to Embraer shareholders and Loss per ADS were US$ (21.3) million and US$ (0.12), respectively. Adjusted net loss (excluding deferred income tax and social contribution) for 3Q18 was US$ (29.1) million, with Adjusted loss per ADS of US$ (0.16);
• Embraer had negative Free cash flow of US$ (166.4) million in 3Q18, and finished the quarter with total cash of US$ 3,142.1 million and total debt of US$ 4,022.6 million, yielding net debt of US$ 880.5 million;
• The Company reaffirms all aspects of its 2018 financial and aircraft deliveries guidance, which does not include the non-recurring impact of the KC-390 cost base revision recognized in 2Q18.

For additional information, please check the full document in our website ri.embraer.com.br

INVESTOR RELATIONS

Eduardo Couto, Chris Thornsberry, Caio Pinez, Nádia Santos, Paulo Ferreira and Viviane Pinheiro.

(+55 12) 3927 1000

investor.relations@embraer.com.br

ri.embraer.com.br

CONFERENCE CALL INFORMATION

Embraer will host a conference call to present its 3Q18 Results on Tuesday, October 30, 2018 at 11:30 AM (SP) / 10:30 AM (NY). The conference call will also be broadcast live over the web at ri.embraer.com.br

Conference ID: EMBRAER

Telephones USA / International: (Toll-free) +1 (866) 262-4553 / (Dial-in) +1 (412) 317-6029

Telephones Brazil: +55 (11) 3193-1001 / +55 (11) 2820-4001

PRESS OFFICES:

Headquarters (Brazil)

Corporate Communications

embraer@idealhks.com

Cell: +55 11 98890 7777

Tel.: +55 11 4873 7984

North America

Alyssa Ten Eyck

ayeck@embraer.com   

Cell: +1 954 383 0460

Tel.: +1 954 359 3847

Europe, Middle East and Africa

Guy Douglas

guy.douglas@nl.embraer.com  

Cell: +31 (0)657120121

Tell: +31 (0)202158109

China

Mirage Zhong

mirage.zhong@bjs.embraer.com  

Cell:  +86 185 1378 5180

Tel.: +86 10 6598 9988

Asia Pacific

Nilma Missir-Boissac

nilma.boissac@sin.embraer.com  

Cell: +65 9012 8428

Tel.: +65 6305 9955

View original content:http://www.prnewswire.com/news-releases/embraer-earnings-results-3rd-quarter-2018-300739897.html

SOURCE Embraer S.A.