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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.

Zimmer Biomet

ZBH2025-05-05HealthcareGlobal
Negative

We anticipate a $60 million to $80 million headwind to operating profit in 2025, with the majority of the impact in the second half of the year.

Financial Impact
Projected $60 million to $80 million reduction in operating profit due to tariffs.
Guidance Impact
Adjusted EPS guidance reflects the impact of tariffs, projecting a decrease in adjusted operating margins by approximately 100 to 150 basis points.

Cummins Incorporated

CMI2025-05-05ManufacturingGlobal
Negative

The breadth and changing nature of the tariffs have introduced a great degree of uncertainty and mean that at this time, we are unable to predict with confidence our expected performance for the year.

Guidance Impact
Heightened uncertainty about the pace of growth in the global economy due to tariffs, affecting guidance for the year.
Cost Impact
Tariffs could disrupt the global economy and ultimately lead to higher costs for consumers.
Revenue Impact
Impact on demand for capital goods due to tariffs, leading to potential reductions in revenue.

Integra LifeSciences

IART2025-05-05HealthcareGlobal
Negative

We estimate an impact of approximately $22 million in 2025 or $0.22 per share on an after-tax basis.

Financial Impact
Estimated tariff costs will affect gross margins and adjusted EPS.
Cost Impact
Tariff costs are accounted for within the cost of goods sold.

Twist Bioscience

TWST2025-05-05BiotechnologyGlobal
Neutral

With the evolving landscape, we expect our supply chain to be minimally impacted by tariffs at this time.

Supply Chain
The company's supply chain is expected to be minimally impacted due to sourcing primarily from US-based providers.
Financial Impact
Anticipated improvements in gross margin are expected despite supplier price increases from tariffs.
Guidance Impact
Current guidance comprehends NIH funding and tariff impacts, indicating that these factors have been considered in revenue forecasts.

V2X

VXX2025-05-05DefenseGlobal
Neutral

There is nothing we have seen to date from tariffs, budgetary requests, administration priorities that would change our strong position in the markets we serve.

Financial Impact
No noticeable financial impact from any tariffs discussed thus far.

Tyson Foods

TSN2025-05-05Food ProductionGlobal
Neutral

the dynamic environment we and others have referenced includes uncertainty from tariff impacts and pressure on the consumer.

Financial Impact
Tariff impacts have been considered in guidance and may affect overall profitability.

Axsome Therapeutics

AXSM2025-05-05PharmaceuticalsNorth America
Neutral

While we are closely monitoring trade policy developments, including proposed pharmaceutical tariffs, we believe that any potential impact to our business would be immaterial.

Financial Impact
The company believes any impact from proposed pharmaceutical tariffs would be immaterial due to the majority of manufacturing occurring in the U.S. and Canada.

JBT Marel

JBT2025-05-05Food Processing EquipmentGlobal
Negative

We currently estimate the annualized cost impact of approximately $50 million to $60 million or $12 million to $15 million per quarter before any mitigating actions.

Cost Impact
Estimated annualized cost impact due to tariffs on importing equipment and parts.
Guidance Impact
Full year financial guidance has been suspended due to uncertainty from tariff impacts.

Brookfield Renewables

BEP2025-05-02Renewable EnergyNorth America
Neutral

Despite tariffs and the potential impacts on the renewable sector, renewable technologies... represent a critical part of the solution to meet the insatiable demand for energy.

Cost Impact
Tariffs may lead to slightly higher costs in construction but are manageable and largely absorbed by suppliers.
Revenue Impact
Higher tariffs could be passed through to consumers via adjustments in PPA contracts.
Supply Chain
Increased domestic manufacturing and procurement strategies help mitigate tariff impacts.

Fluor

FLR2025-05-02ConstructionGlobal
Neutral

the entire business community is watching very carefully what's happened with the trade negotiations when we're hopeful that there's going to be some good news on certain fronts in the coming days and weeks so that we can start seeing some clarity in broader picture.

Strategy
Clients are looking for certainty in the environment, which affects decision-making on project investments.
🔔Tracking Started: This page tracks tariff commentary from NYSE and NASDAQ companies with market capitalization above $10 billion, beginning April 2, 2025.