Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
we are well positioned to navigate the shifting geopolitical landscape, including the potential impact from proposed new tariffs.
We do not expect an impact to second quarter results due to recently announced policy changes and mitigating actions have been put in motion that will begin in the third quarter.
if a tariff were applied to our entire unit cost, it would be immaterial, estimated to be less than a 1 percentage point impact on our cost of sales.
We’ve assessed the direct impact from the dynamic tariff situation and it is expected to be immaterial to our business in 2025.
Tariffs represent a 210 to 250 basis point impact to operating margin and a $0.45 to $0.50 impact to EPS.
Certainly no material impact in FY ‘25. And when we look at country exposure, we don't see any direct impact from tariffs on China or Mexico or Canada.
We are closely and thoughtfully monitoring developments. We are also actively working across our supply chain with the goal of supporting our customers’ needs as they evolve.
As a result, we are reducing the ranges for our full year 2025 non-GAAP EBITDA and non-GAAP earnings per share guidance to reflect that currently expected partial year potential impact from tariffs net of our planned mitigation efforts.
the ultimate impact of tariffs may be most felt in an easing of global GDP, we remain optimistic this will be a temporary phenomenon.
We expect it to be a net beneficiary since most of what we make and sell originates with materials, labor and equipment in the same geography.