Business Context and Reporting Period
Company: Embraer S.A. (NYSE: ERJ; BOVESPA: EMBR3)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: May 3, 2010
Subject: Notification of the filing of the Form 20-F Annual Report for the fiscal year ended December 31, 2009.
Embraer is the world's largest manufacturer of commercial jets up to 120 seats and a leading Brazilian exporter. The company operates in Commercial Aviation, Executive Aviation, and Defense and Government segments, with headquarters in São José dos Campos, Brazil.
Key Financial Metrics
This Form 6-K serves as a notice of filing and does not contain specific financial statements for the 2009 fiscal year. Detailed metrics for revenue, profit, cash flow, margins, debt, and liquidity are contained within the referenced Form 20-F report.
Operational Data Provided:
- Workforce: 16,792 employees as of March 31, 2010 (excluding subsidiaries OGMA and HEAI).
- Firm Order Backlog: US$ 16 billion as of March 31, 2010.
Material Changes
The filing text does not provide specific comparative financial data or material changes versus the prior period. Investors are directed to the Form 20-F for year-over-year analysis.
Guidance, Outlook, and Risks
Outlook: The document contains no specific forward-looking guidance or management commentary regarding future performance targets.
Risks and Contingencies: The filing includes a standard disclaimer regarding forward-looking statements. Risks cited include:
- General economic, political, and trade conditions in Brazil and global markets.
- Industry trend expectations.
- Company investment plans.
- Capacity to develop and deliver products on agreed dates.
- Existing and future governmental regulations.
Embraer states that actual results may differ substantially from expectations due to these uncertainties.
Investor Verification Checklist
- Verify the full financial results for fiscal year 2009 in the Form 20-F report available on the SEC website or Embraer's Investor Relations site.
- Confirm the composition of the US$ 16 billion backlog (e.g., split between commercial, executive, and defense segments).
- Review the Form 20-F for details on the excluded subsidiaries (OGMA and HEAI) and their impact on total workforce and operations.
- Check for any subsequent updates to the backlog or workforce figures since March 31, 2010.