Brazilian Motor Maker’s Profit Rises 0.9%
WEG, Brazil's electric motor maker, earned R$1.67 billion (US$332 million) in Q3, up 0.9%, as record foreign sales met copper and tariff costs. The post Brazilian Motor Maker’s Profit Rises 0.9% appeared first on The Rio Times .
WEG, a Brazilian manufacturer of electric motors and power equipment, reported a slight increase in net profit for the third quarter of 2026. The company's net profit rose 0.9% to R$1.67 billion (approximately US$332 million) compared to the same period last year. Revenue increased by 5.7% to R$10.86 billion (about US$2.17 billion).
Despite the profit growth, the EBITDA margin slightly declined to 21.6% from 22.2%. Foreign sales achieved a record high, representing 62.5% of total revenue, marking a 14.8% increase in US dollars. North America was identified as the most significant foreign market, with sales soaring 31.1% in dollars. The company attributes the margin contraction to higher copper prices, increased US import tariffs, and growth-related staffing costs.
Analysts had forecasted slightly higher profit and EBITDA figures, so the results were below expectations. WEG's order book is described as robust for upcoming quarters, but the impact of copper costs and US tariffs on margins remains uncertain.
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