SAO PAULO (Reuters) –
Brazilian planemaker Embraer on Tuesday reaffirmed its 2025 outlook and said U.S. tariffs did not significantly affect its second-quarter results, even as it described the levies as a “major concern” amid ongoing trade uncertainties.
The company avoided a potential setback last week when U.S. President Donald Trump exempted aircraft from a 50% tariff imposed on U.S. imports from Brazil, but still faces a 10% duty first imposed in April, which it indicated was harmful but manageable.
As it reported its April-June earnings, Embraer said it advocates for a “swift return to zero tariff rules for all aviation and aerospace industries” and again sought to underscore its ties to the U.S., including local jobs and investments.
Embraer, whose E175 narrowbody is a workhorse of U.S. regional aviation, flagged last month that a 50% tariff from its No. 1 market could have triggered order cancellations, deferred deliveries and hammered its revenue like the pandemic did.
Following last week’s relief, Embraer now reiterated it expects to deliver between 77 and 85 commercial aircraft this year, and 145 to 155 executive jets. Full-year net revenue is forecast to hit $7 billion to $7.5 billion.
The company late on Tuesday flipped on its reported adjusted net loss of $4.7 million, saying that it had not properly taken into account an impact from deferred income tax and social contribution. That adjustment brought the firm into the black, logging an adjusted net profit of $118.9 million.
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) reached $245.5 million, up from $190.4 million a year earlier. Net revenue came in at $1.82 billion, a 22% year-on-year increase.
(Reporting by Gabriel Araujo; Additional reporting by Andre Romani; Editing by Kirsten Donovan)
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