EMBJ

#768
Embraer S.A
73.1 5 USD
+0.01%
Market Price
Sektor: Industrie
Basis: USD
Gewinnwährung: USD
Tagesspanne
72.69
73.21
Jahresspanne
53.56
80.75
Tagesänderung
+1.26%
Monatliche Änderung
+1.85%
6 month change
+3.86%
Jahresänderung
+11.44%
Vorheriger Schlusskurs
72.2 4
Open
72.7 7
Tief
72.6 9
Hoch
73.2 1
Volumen
210
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Financials

Übersicht Finanzbericht Statistik Dividenden Documents

2026

Current report, Q3 FY2026
EMBRAER S.A. current report, Q3 FY2026
6-K
Current report, Q3 FY2026
EMBRAER S.A. current report, Q3 FY2026
6-K
Current report, Q3 FY2026
EMBRAER S.A. current report, Q3 FY2026
6-K
Current report, Q3 FY2026
EMBRAER S.A. current report, Q3 FY2026
6-K
Current report, Q3 FY2026
EMBRAER S.A. current report, Q3 FY2026
6-K
Current report, Q3 FY2026
EMBRAER S.A. current report, Q3 FY2026
6-K
Current report, Q3 FY2026
EMBRAER S.A. current report, Q3 FY2026
6-K
Current report, Q3 FY2026
EMBRAER S.A. current report, Q3 FY2026
6-K
Current report, Q2 FY2026
EMBRAER S.A. current report, Q2 FY2026
6-K
Current report, Q2 FY2026
EMBRAER S.A. current report, Q2 FY2026
6-K

EMBRAER S.A. current report, Q1 FY2019

Full document

SEC Filing Summary: Embraer S.A. (Form 6-K)

Business Context and Reporting Period

Company: Embraer S.A.
Filing Date: January 28, 2019
Reporting Period: January 2019 (Specifically regarding an Extraordinary General Shareholders' Meeting scheduled for February 26, 2019)
Primary Subject: Proposal for a strategic partnership with The Boeing Company involving the creation of two joint ventures and the sale of Embraer's commercial aviation business unit.

Key Financial Metrics and Transaction Terms

The filing details a transformative transaction rather than standard quarterly financial results. Key financial figures include:

  • Commercial Aviation JV Valuation: The total value attributed to 100% of the Commercial Aviation NewCo is US$5.26 billion.
  • Transaction Consideration: Boeing Brazil will acquire an 80% interest in the Commercial Aviation NewCo for an aggregate estimated value of approximately US$4.2 billion.
  • Net Proceeds: Embraer expects net proceeds from the transaction (after segregation costs) of approximately US$3 billion.
  • Dividend Proposal: Management estimates an extraordinary dividend distribution to shareholders of approximately US$1.6 billion, subject to transaction costs and operating results.
  • Balance Sheet Impact: The transaction is expected to significantly reduce Embraer's indebtedness, resulting in a strong net cash position.
  • Pro Forma Commercial Aviation NewCo (as of June 30, 2018):
    • Total Assets: US$3.5 billion
    • Total Liabilities: US$1.39 billion
    • Shareholders' Equity: US$2.11 billion

Material Changes and Strategic Shifts

The proposed transaction represents a fundamental restructuring of Embraer's business model:

  • Commercial Aviation Spin-off: Embraer will transfer its commercial aviation business (ERJ, EMB 110, EMB 120, E-Jet, and E2 families) to a new entity ("Commercial Aviation NewCo"). Boeing will acquire an 80% controlling stake, while Embraer retains 20%.
  • KC-390 Joint Venture: A new joint venture ("KC-390 NewCo") will be formed for the multi-mission military aircraft. Embraer will hold a 51% majority stake, and Boeing will hold 49%.
  • Business Focus: Post-transaction, Embraer will focus exclusively on Executive Aviation (Phenom and Praetor jets) and Defense & Security (KC-390, Lineage, Legacy), retaining full product development and operating capacity in these sectors.
  • Competitive Landscape: The move is driven by increased competition from Airbus (following the acquisition of Bombardier's C-Series) and state-subsidized manufacturers from China, Russia, and Japan.

Guidance, Outlook, and Risks

Management Commentary and Outlook:

  • Strategic Rationale: The partnership aims to leverage Boeing's global supply chain, sales network, and customer base to improve Embraer's competitiveness and access new markets (particularly North America and Europe for the KC-390).
  • Financial Health: The transaction is expected to generate a solid net cash position, enabling extraordinary dividends and future investments in new segments like urban mobility.
  • Operational Synergies: Embraer anticipates cost reductions in executive aviation and defense sectors through shared resources and supply chain efficiencies.
Risks and Contingencies:
  • Regulatory Approval: Closing is contingent on antitrust approvals in Brazil (CADE), the United States (HSR Act), and other jurisdictions.
  • Shareholder Approval: The transaction requires approval at the Extraordinary General Shareholders' Meeting on February 26, 2019.
  • Execution Risk: Risks include the inability to realize expected synergies, challenges in splitting operations and workforces, and potential termination of the agreement.
  • Termination Fees:
    • If terminated due to antitrust issues (excluding CADE), Boeing pays Embraer $100 million.
    • If terminated due to Embraer's Board changing its recommendation or failure to obtain shareholder approval, Embraer pays Boeing $75 million.
Unusual Items:
  • Golden Share: The Brazilian Federal Government, holder of a special "Golden Share," has stated it will not exercise its veto right, deeming the transaction consistent with national interest.

Key Facts for Investor Verification

  • Shareholder Vote: Verify the outcome of the Extraordinary General Shareholders' Meeting scheduled for February 26, 2019.
  • Regulatory Status: Monitor the status of antitrust approvals from CADE (Brazil) and the FTC/DOJ (USA).
  • Dividend Timing: Confirm the actual amount and timing of the proposed extraordinary dividend, which is estimated at $1.6 billion but subject to final transaction costs and adjustments.
  • Debt Reduction: Verify the post-closing balance sheet to confirm the reduction in indebtedness and the resulting net cash position.
  • Operational Separation: Assess the progress of the complex carve-out of the commercial aviation unit and the establishment of the two new joint ventures.