Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
Given the dynamic international trade environment, the surcharge coupled with the expertise of our world-class supply chain team enables us to reliably supply our customers while delivering value that exceeds the total price increases.
Despite significant external headwinds, we increased our profitability and generated strong operating cash flow.
If anything, I think the consumer will see the full effect of the tariffs in the second half.
Based on our current outlook, we expect minimal tariff-related impacts to the business.
We are seeing some of these input tariffs resolve through negotiation agreements like the one announced over the weekend between the U.S. and the EU.
Environmental Solutions revenue has been negatively impacted by continued sluggish manufacturing activity, uncertainty around tariff policy and lower event-based volumes.
We remain mindful of the potential headwinds, including tariffs and inflation.
Industrial costs were impacted by higher warranty expense and lower volumes that reduced the spread of our fixed overhead as well as a net EUR 330 million of tariff expense.
Our guidance for Q3 factors in about $0.01 to $0.02 for the impact of currently enacted tariffs.
With the announcement of certain changes to trade policies in the second quarter, we saw that play out.