Embraer reports second quarter earnings; resolves to fight challenge to Boeing deal

In the second quarter of 2018, Embraer delivered 28 commercial and 20 executive (15 light and 5 large) jets, compared to the 35 commercial and 24 executive (16 light and 8 large) jets in the prior year quarter. The company’s firm order backlog was US$ 17.4 billion at the end of 2Q18, including contracts of the Services & Support segment. Embraer’s reported EBIT and EBITDA in 2Q18 were US$ (17.7) million and US$ 44.1 million, respectively, yielding margins of -1.4% and 3.5%. The reported EBIT and EBITDA figures include the negative impact of a non-recurring special item of US$ 127.2