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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.

Johnson Controls

JCI2025-05-07TechnologyGlobal
Negative

Based on the regulatory environment as we know it to-date, we believe our annualized exposure to tariffs before mitigating actions is approximately 2% of sales or 3% of cost of goods sold.

Cost Impact
Tariffs are expected to impact approximately 2% of sales and 3% of cost of goods sold, which could influence overall profitability.
Supply Chain
The company activated strategies to enhance resiliency by pivoting to local sourcing and strengthening regional manufacturing capabilities.

The Middleby Corporation

MIDD2025-05-07ManufacturingNorth America
Negative

Preliminary estimate of tariff-related costs is expected to increase our annual expenses by approximately $150 million to $200 million.

Cost Impact
Tariffs are expected to increase annual expenses significantly, which the company plans to mitigate through pricing adjustments and operational actions.
Revenue Impact
Uncertainty around tariffs contributes to muted buying levels by customers, impacting revenue growth potential.

BBSI

BBSI2025-05-07Professional ServicesNorth America
Neutral

BBSI has minimal to no direct exposure to tariffs. However, we have indirect exposure if this causes our clients to reduce or increase their workforce.

Operations
Potential slowdown in client hiring and investment due to uncertainty from trade negotiations.

Veeco

VECO2025-05-07SemiconductorsGlobal
Negative

Recently enacted tariffs are currently causing some customers to delay shipments could impact future end market demand and has also resulted in an increase in certain costs.

Cost Impact
Higher costs due to tariffs on imported materials from overseas suppliers, as well as increased costs from domestic suppliers incurring tariffs on their imports.
Revenue Impact
Some shipments to China customers will be delayed, impacting projected revenues for the second quarter.
Guidance Impact
The guidance for Q2 revenue includes an approximate $15 million impact from delayed shipments due to tariffs.

MercadoLibre

MELI2025-05-07E-commerceLatin America
Neutral

We haven't seen a big impact of related to the tariffs in the U.S.

Strategy
The company has adjusted to competitive pressures and tariff impacts by shipping products from the U.S. and increasing local operations.

Bruker Corporation

BRKR2025-05-07Scientific InstrumentsGlobal
Negative

Our initial estimates are that U.S. policy changes to federal research funding, lower China stimulus funding release and some temporary revenue impact of new China tariffs on revenue will amount to an approximately $100 million gross headwind to our organic fiscal year 2025 revenues.

Revenue Impact
Approximately $100 million gross headwind to organic fiscal year 2025 revenues due to U.S. policy changes and new tariffs.
Cost Impact
Expected additional headwind of about $40 million to operating profit from current U.S. import tariff rates.
Supply Chain
Delays in shipping products to China due to 125% Chinese import tariffs on U.S. goods.

Amphastar Pharmaceuticals

AMPH2025-05-07PharmaceuticalsGlobal
Neutral

At this time, we estimate that the impact to Amphastar under the current tariff situation is an increasing cost of about $500,000 per quarter.

Cost Impact
The tariffs are expected to increase costs due to imported active ingredients and components.

ADMA Biologics

ADMA2025-05-07BiopharmaNorth America
Positive

We believe ADMA is uniquely insulated from the tariff and trade volatility potentially affecting our multinational competitors.

Cost Impact
The company benefits from a domestic supply chain that mitigates additional costs associated with tariffs.
Operations
ADMA's operations are uninterrupted due to its US-based supply chain, which shields it from global trade tensions.

IFF

IFF2025-05-07Food IngredientsGlobal
Negative

we're working very closely with our customers to mitigate impacts of tariff actions

Cost Impact
About $100 million of exposure due to tariffs, primarily from China.
Revenue Impact
Tariffs may negatively impact revenue due to increased costs and potential pricing surcharges.

Kulicke & Soffa

KLIC2025-05-07SemiconductorsSoutheast Asia
Neutral

Although we do not anticipate current tariff announcements to have a direct impact on our ability to manufacture and sell our products and services to our global base of customers; unique geopolitical and trade dynamics have created near-term order hesitation in certain capital equipment markets.

Revenue Impact
Customers are hesitant to place orders due to uncertainty around tariffs, which may affect revenue.
Supply Chain
The macro uncertainty caused by trade dynamics has resulted in more defensive supply chain management.
🔔Tracking Started: This page tracks tariff commentary from NYSE and NASDAQ companies with market capitalization above $10 billion, beginning April 2, 2025.