This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Embraer SA's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Stocks in this article: ERJ

In light of these risks and uncertainties, the forward-looking events and circumstances discussed on this conference call might not occur. The company’s actual results could differ substantially from those anticipated in the forward-looking statements.

Participating on today’s conference call are Mr. Frederico Curado, President and CEO; Mr. André Gaia, Head of IR; and Mr. Rodrigo Rosa, Controller. I would like to now turn the conference over to Mr. Frederico Curado. Please go ahead, sir.

Frederico Curado

Good morning, everyone from a very rainy and dark snowfall. So few words about the quarter, we delivered 21 E-jets and we also sold 12 new aircraft, 10 for Azul, one for BA, and for 1 for Japan Airlines.

With those orders, we have a total of 1,063 aircrafts sold in the E-jets family, this comprises 60 campaigns in 42 counties. So because of they keeps expanding, last two editions as operators of Bulgaria Air and Estonian Air, which are – falls into the capillarity and the liquidity of our assets, of our aircraft.

And as far as the executive jets we have 13 delivers this quarter of those 12 are Phenom’s and 1 Legacy. Importantly we keep in developing the Legacy 500 in every pass within the four flights for this initial flight that’s, which was happened in the third quarter. So even time for that. So low speed taxi and high speed taxi and also (inaudible) signal vibration plus all going well so far.

As far as deliveries, we got 13 deliveries, we’ve reached 300 Phenom’s delivered to the market, to the worldwide market and we have also brought to the market 100 business jets and Embraer business jets in Brazil. It’s a very important march for us.

Doing business, that’s our dealer customer Minsheng, in China which has an important legacy order also ordered the Lineage 1000, so we announced three aircrafts recently for the same customer which elevates the strength of the Chinese market in particular and their going presence in that market. We obviously continue to invest in our global support network as that it grows, we continue to invest and step out in our new service centers and according to the plan.

2 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs