Business Context and Reporting Period
This Form 6-K filing by Embraer S.A. reports a material event occurring on August 7, 2019. The document details a new commercial aircraft order signed with SkyWest, Inc., a major regional airline partner.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or liquidity metrics for the period ending September 30, 2019. The only specific financial data disclosed relates to the new order:
- Order Value: USD 340 million (based on 2019 list prices).
- Aircraft Quantity: 7 E175 jets (70-seat configuration).
- Backlog Status: The order was already included in the 2019 second-quarter backlog under the customer designation "undisclosed."
Material Changes
There are no material changes to financial performance reported in this document. The primary material event is the formalization of a contract previously held in the backlog as an undisclosed order. Deliveries for these aircraft are expected to commence in the fourth quarter of 2019.
Guidance, Outlook, and Management Commentary
Management commentary highlights the long-standing partnership between Embraer and SkyWest, noting that SkyWest has purchased over 160 E175s since 2013. Charlie Hillis, Vice President of Sales & Marketing for North America, described the order as a milestone in a 30-year relationship. The filing does not contain updated financial guidance, risk factors, or contingencies beyond the standard operational context of the order.
Key Facts for Investor Verification
- Verify the impact of the USD 340 million order on the total backlog, noting it was previously recorded as "undisclosed."
- Confirm the delivery schedule for the seven E175 jets, currently targeted for the fourth quarter of 2019.
- Review the full Q2 2019 financial report to understand the context of the backlog inclusion prior to this announcement.
- Note that this filing is a report of a specific event and does not replace quarterly or annual financial disclosures.