financetom
Business
financetom
/
Business
/
Embraer keeps 2025 outlook, US tariffs had limited impact on quarterly results
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Embraer keeps 2025 outlook, US tariffs had limited impact on quarterly results
Aug 5, 2025 6:35 PM

SAO PAULO (Reuters) -

Brazilian planemaker Embraer ( ERJ ) 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 ( ERJ ) 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 ( ERJ ), 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 ( ERJ ) 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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
IT software startup Atomicwork raises $25 million in Khosla Ventures-led funding round
IT software startup Atomicwork raises $25 million in Khosla Ventures-led funding round
Jan 28, 2025
Jan 28 (Reuters) - AI enterprise service management firm Atomicwork said on Tuesday it has raised $25 million in a Series A funding round led by venture capital investors Khosla Ventures and Z47. The fundraise valued San Francisco-based Atomicwork at $150 million, according to a source familiar with the matter. Other investors who participated in the round include technology-focused investment...
Boeing reports $11.8 bln loss, largest since 2020
Boeing reports $11.8 bln loss, largest since 2020
Jan 28, 2025
Jan 28 (Reuters) - Boeing ( BA ) on Tuesday reported an annual loss of $11.83 billion, its largest since 2020, as it grappled with problems at its commercial and defense units and the fallout from a crippling strike by U.S. West Coast factory workers. The loss demonstrates the challenges facing CEO Kelly Ortberg in turning around the planemaker as...
JPMorgan picks Reed to run government and healthcare businesses
JPMorgan picks Reed to run government and healthcare businesses
Jan 28, 2025
NEW YORK, Jan 28 (Reuters) - JPMorgan Chase ( JPM ) named Curtis Reed on Tuesday as chief of the largest U.S. lender's government banking and healthcare, higher education and not-for-profit banking businesses. Reed, a two-decade veteran of the bank, most recently served as manager for middle market banking in the Chicago region. He will report to Melissa Smith, head...
Helion raises $425 mln from SoftBank's venture arm, hits $5.4 bln valuation
Helion raises $425 mln from SoftBank's venture arm, hits $5.4 bln valuation
Jan 28, 2025
Jan 28 (Reuters) - Helion, a startup working to generate electricity from nuclear fusion, on Tuesday said it has raised $425 million in venture funding from a group of investors led by SoftBank Group's Vision Fund 2. The Everett, Washington-based Helion said the funding will help it speed up the development of its next generation fusion reactor design, which aims...
Copyright 2023-2026 - www.financetom.com All Rights Reserved