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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.

Valero Energy Corporation

VLO2025-10-23EnergyNorth America
Negative

we are seeing enough rationalization in both biodiesel and renewable diesel where fat prices are finally starting to soften.

Revenue Impact
Tariffs and policy downturns in the U.S. have impacted DGD margins and profitability.

TransUnion

TRU2025-10-23Financial ServicesIndia
Negative

Recent U.S. tariffs of 50% on Indian imports... introduced uncertainty and have dampened commercial lending, particularly to small and medium-sized businesses in export-oriented sectors.

Revenue Impact
The tariffs have led to reduced lending volumes for small and medium-sized businesses, affecting revenue growth in India.
Cost Impact
Increased costs and pressures on CapEx and employment due to the tariff-induced slowdown in commercial lending.

Tractor Supply Company

TSCO2025-10-23RetailNorth America
Negative

These benefits more than offset the anticipated pressure from tariff costs and higher transportation costs.

Cost Impact
The company faced pressures from tariffs which impacted overall cost management.

Norfolk Southern

NSC2025-10-23TransportationNorth America
Negative

we're navigating the complexity of ongoing trade and tariff uncertainty, persistently abundant highway truck capacity and outside factors, including competitor responses to our merger announcement

Revenue Impact
Ongoing trade and tariff uncertainty is impacting revenue performance in the intermodal segment.
Cost Impact
Increased competition due to tariffs may lead to higher costs in retaining customers and maintaining service levels.

Graco Inc.

GGG2025-10-23Industrial ManufacturingNorth America
Negative

Tariffs affected product costs by $5 million in the quarter, resulting in a 100 basis point decline in the gross margin rate.

Cost Impact
Tariffs led to an increase in product costs, negatively affecting gross margins.
Revenue Impact
Pricing actions are being implemented to offset tariff-related costs.

Reliance Inc.

RLI2025-10-23Metals DistributionNorth America
Negative

Trade policy uncertainty has contributed to temporary headwinds to gross profit margins since May of this year for most carbon steel products.

Cost Impact
Tariffs initially drove rapid price increases for carbon steel products, leading to a competitive pricing environment that pressured gross profit margins.
Revenue Impact
The trade policy uncertainty resulted in hesitant buying behavior from customers, affecting sales volumes.
Supply Chain
Excess inventories within the aerospace and semiconductor supply chains pressured prices and margins across product lines.

O'Reilly Automotive, Inc.

ORLY2025-10-23AutomotiveNorth America
Negative

As we've anticipated coming into the third quarter, we saw a significant ramp in tariff-driven acquisition cost increases and made appropriate adjustments to selling prices.

Cost Impact
Significant acquisition cost pressure from tariffs has led to increased selling prices.
Financial Impact
The company anticipates continued pressure on DIY customers due to tariff impacts, which could affect sales.

Roper Technologies

ROP2025-10-23TechnologyNorth America
Negative

The new copper tariff that took effect on August 1 caused some short-term disruption.

Cost Impact
Neptune implemented surcharges to offset the tariff's impact, which temporarily slowed order timing.

Dow

DOW2025-10-23ChemicalsGlobal
Positive

We remain confident that we're in a strong position to mitigate the impact of tariff costs.

Cost Impact
Ongoing discussions with governments aim to defend local production and ensure fair trade, thus mitigating potential tariff impacts.

Honeywell

HON2025-10-23Industrial AutomationGlobal
Negative

cost inflation from tariff pressures temporarily outpacing pricing.

Cost Impact
Increased costs due to tariffs are affecting overall margins.
🔔Tracking Started: This page tracks tariff commentary from NYSE and NASDAQ companies with market capitalization above $10 billion, beginning April 2, 2025.