Embraer Sets Q3 Revenue Record as Profit Falls on U.S. Tariff Costs

Overview

• Revenue reached R$10.9 billion for the quarter, up 15.8% year over year and the company’s highest for a third quarter.
• Reported net profit was R$622.6 million and adjusted net profit was R$289.4 million, with adjusted EBITDA margin down to 11.8% from 21.1% a year earlier.
• U.S. duties reduced results by US$17 million in Q3 and US$27 million year to date, with management estimating up to US$35–38 million of remaining exposure in 2025 versus a prior US$65 million full‑year impact estimate.
• Embraer delivered 62 aircraft in the quarter and logged a record order backlog of US$31.3 billion.
• The company maintained guidance for 2025 on revenue, deliveries, cash generation, and adjusted EBIT margin, citing positive operating cash flow of R$1.28 billion, R$11.1 billion in cash, and low net leverage of 0.2x; leaders said they are optimistic a U.S.–Brazil deal could return the sector’s tariff to zero.