Embraer’s Fascinating Q1

My latest Forbes.com article reviews Embraer’s Q1 2020 results, which were buffeted by a failed sale of its commercial aviation division to Boeing, also the COVID-19 pandemic, delinquent customers, and surprising strength in its executive aviation and defense units.

The headline numbers were down: revenue decreased 24% compared to Q1 2019, and commercial aircraft deliveries declined 55% from the previous year. Nonetheless, Embraer heads into the rest of 2020 in a strong cash position, with $2.5 billion on its balance sheet, in large part due to strong Q4 2019 results.

Embraer is fascinating.

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