Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
We are actively monitoring the daily movement on tariffs and see a potential for minimal impacts to our parts and materials business once we begin to work through current inventories.
the headwind we are experiencing is from slower macroeconomic growth and its impact on our organic transaction volume.
the uncertainty around tariffs and the impact on the consumer create challenges for the balance of the year.
Given our current understanding of tariff policy, and based on the indications provided by our manufacturers, we expect that any impact of tariffs on our 2025 results is likely to be manageable.
Given the professional services nature of our work, tariffs are not expected to directly affect our business.
NMFC has only 2% exposure to the sectors most at risk for tariffs, versus a 13% exposure for our peers on average.
Because our business activities are domestic, we are largely insulated from the impact of imported goods and materials.
We called out tariff impact of about $30 million on a direct basis.
Broadly speaking, the general economic uncertainty caused by tariffs and what that could mean for consumers has shaken their confidence and willingness to make large purchases.
we expect to be largely insulated from material tariff impacts through 2025.