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Tariff Impact Tracker from Earnings Calls

Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.

The Travelers Companies, Inc.

TRV2025-07-17InsuranceGlobal
Neutral

we really haven't seen really any impact of tariffs across any of our businesses, not certainly not in any meaningful way.

Financial Impact
While there is an expectation for future tariff impacts, no current significant effects have been observed.

Fifth Third

FITB2025-07-17BankingNorth America
Neutral

There's a value to them and running with a little bit of extra inventory and that supports utilization.

Operations
Companies are holding more inventory to mitigate supply chain disruptions due to tariffs, affecting their borrowing behavior.

PepsiCo

PEP2025-07-17Food & BeverageNorth America
Neutral

we feel good about the mitigating actions that we've already taken.

Cost Impact
Tariffs have been factored into the company's expectations, and they are implementing actions to mitigate potential cost increases.

GE Aerospace

GE2025-07-17AerospaceGlobal
Negative

Heightened tariffs are resulting in additional costs for us and our supply chain.

Cost Impact
Tariffs are increasing operational costs, expected to impact the bottom line by approximately $500 million in 2025.
Guidance Impact
The company is offsetting tariff impacts through cost controls and pricing actions.

Marsh & McLennan

MMC2025-07-17InsuranceGlobal
Neutral

the economic backdrop, especially in light of continued uncertainty around global trade policies could turn out to be materially different than our assumptions.

Strategy
The uncertainty in trade policies is leading to cautious planning and adjustments in business strategies.

Snap-on Incorporated

SNA2025-07-17Industrial Tools and EquipmentGlobal
Neutral

While Snap-on is relatively advantaged in the current tariff environment, generally manufacturing products in the markets where they are sold, our cost can be affected by trade policies.

Cost Impact
The company managed to mitigate the effects of incremental tariffs, ensuring there was no meaningful impact on gross margin.
Revenue Impact
Sales decline reflects reduced cross border sourcing activities and the current trade situation.
Supply Chain
Ongoing uncertainty related to tariffs has led to project delays and hesitance in customer commitments.

Cintas Corporation

CTAS2025-07-17ServicesGlobal
Negative

there's more uncertainty in the marketplace with, you know, tariff trade, you know, tax or excuse me. Tariff slash trade taxes, which has a little bit more clarity.

Cost Impact
Tariffs are creating uncertainties in the cost structure, affecting operational decisions.
Strategy
Management is adjusting strategies to navigate through tariff-related challenges.

Bank of America

BAC2025-07-16Financial ServicesGlobal
Neutral

we can see them start to understand the future and expect them behave accordingly.

Strategy
The company is adapting to changes in trade and tariffs, which influences client behavior and strategic planning.

Kinder Morgan

KMI2025-07-16EnergyNorth America
Neutral

the one fly in the ointment is tariffs. However, at this point, we still do not believe that the tariffs will have a significant impact on project economics.

Cost Impact
Tariffs are estimated to affect project costs by roughly 1%, which is manageable and has not changed from previous estimates.

The Goldman Sachs Group, Inc.

GS2025-07-16Financial ServicesGlobal
Neutral

The ultimate impact on growth from higher tariffs is yet unknown.

Operations
Ongoing uncertainty regarding trade policy and potential tariffs may affect operational strategies and client engagement.
🔔Tracking Started: This page tracks tariff commentary from NYSE and NASDAQ companies with market capitalization above $10 billion, beginning April 2, 2025.