Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
Based on what is currently implemented, we believe we can largely offset the impact from these tariffs through a combination of supply chain adjustments, surcharges, manufacturing footprint changes and other cost actions.
We feel comfortable maintaining our initial 2025 sales and adjusted EPS guidance with the current tariff impacts.
We currently expect the impact to our income statement for 2025 to be additional cost of sales of approximately 1.7% of revenue, plus or minus 30 basis points.
When it comes to tariffs, we don't expect any direct impact to our procurement costs in 2025.
we believe our exposure is small... any tariff impact we think we can cover at this point, given the guidance that we've put out there.
Tariffs are going to be a headwind this year, but we thought it would be prudent to hold the impact outside of our full-year guidance while I digest the new policies and fully develop and qualify mitigation plans.
Our strong profit we realized in the first quarter provides increased confidence in our ability to absorb currently estimated 2025 profit impacts from tariffs.
We do not see at this point in time a significant risk to our company related to the trade policies as we understand them today.
the implementation of tariffs and retaliatory tariffs as they are unknown at this point.
While the services that Moody's provides are not directly impacted by tariffs announced to date, we do believe many businesses are being impacted by the uncertainty of impending trade tensions.