Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
We incurred incremental carrier pass-through fees of $46 million associated with increased U.S. A2P fees, which drove the year-over-year and quarter-over-quarter declines.
the modest decline was largely driven by some of the CapEx-related businesses that were down double digits, largely reflecting some dislocated order patterns that were in the first half of last year related to tariffs.
We expect inflation will put some near-term pressure on price costs. However, we expect to manage this for the full year and it's baked into our guide.
We are seeing an increase in tariff costs year-over-year.
Regarding tariffs, it continues to be very dynamic. As always, our teams are doing a great job managing them to make sure that there is no impact to earnings.
we anticipate that recent updates to various tariff frameworks are largely neutral to existing tariff cost structure.
GMPD segment profit saw decreased to $25 million due to the adverse net impact of tariffs.
We are making solid progress on our efforts to take cost out and improve our overall product quality, countering the negative impact from tariffs and global supply chain disruptions.
Non-GAAP gross margin of 68.2% for the first quarter was up 80 basis points year over year, driven by cost efficiencies and higher revenue, partly offset by tariffs.
Costs related to tariffs introduced since the beginning of 2025 were approximately $600 million in the quarter.