Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
The administration's position on tariffs and the actions announced last week have added to this uncertain environment.
we believe these cost savings will largely offset the financial impact of any potential tariffs for the remainder of this fiscal year.
the impact of tariffs on inflation is dynamic, but we can tell you what we know.
Given last week's tariff announcement, we're dealing with a dynamic macro environment.
Tariffs are impacting the cost of our inputs, predominantly steel, and constructional changes in how our customers operate.
Given the timing of yesterday's announcement and the uncertainty, we have not included any impact from tariffs in our financial outlook.
We approach tariffs as the equivalent of a supply shock and our financial priorities are: first, to manage the dollar impact; and second to manage the margin impact.
We anticipate the impact of the proposed tariffs to result in a marginal increase to our cost of goods, which we will pass through in increased pricing.
But, and this is the big but, five, we are still monitoring inflation, tariffs, consumer sentiment, and the need for pricing.
There remains hesitancy and caution among our customer base around future production levels due to tariff uncertainty, potentially looming inflation, and sustained high interest rates.