Embraer has posted a strong second quarter 2024 results. Revenues were $1.5bn, up from $1.3bn in the same period last year. Its adjusted EBITDA for the quarter was $190.4 million, up from $148.9 million last year. The Brazilian OEM reported a net profit of $99.4 million in the quarter, swinging from a loss last year of $18.8 million. Adjusting for Eve Air Mobility’s results – its eVTOL subsidiary – and for deferred taxes, it recorded a net income of $80.4 million. It invested a total of $107.1 million in the second quarter, compared to $91 million last year. This was

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