Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
We continue to carefully monitor our clients for potential tariff or government policy-related impacts, but to date are not aware of any significant issues.
Uncertainty causes a lot of business leaders to kind of slow down or pause decision-making, particularly around kind of capital-intensive project-based work.
We have not seen any material impact on our business, but it is fluid, and the rules are still subject to change.
Our revenue guidance range is approximately $15 million lower than it would have been due to the timing of shipments affected by the tariffs.
The tariffs currently in place could increase our input costs by $4 million to $6 million on an annualized basis, if not mitigated by pricing, alternate sourcing or other strategies.
We believe our exposure to be minimal and manageable.
Recent US tariff activity has introduced a broader level of uncertainty in the market related pricing levels and inflation expectations in general.
Although the situation remains fluid, we are taking efforts to mitigate the impact as best as we can.
Unfortunately, we're slow in the first quarter, and so it's hard to really see that in our volumes... but probably Hawaii, California would be our strongest markets on the private.
We acknowledge that tariffs have introduced uncertainty into our markets and into our financial plans.