Embraer posts record Q1 revenue and profit as defense demand offsets commercial/biz jet headwinds
Embraer reported record first-quarter revenue of $1.4 billion (+31% year over year) and operating profit up 52%, delivering 44 aircraft. Management attributes the rebound to stronger defense product demand and says supply-chain strains have not yet dented commercial or business-jet demand despite global fuel and capacity trimming.