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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.

PulteGroup Inc.

PHM2025-04-22ConstructionNorth America
Negative

Proposed tariffs have the potential to add thousands of dollars to the cost of construction.

Cost Impact
Tariffs are expected to increase construction costs by approximately 1% of average selling price.
Guidance Impact
Expected gross margins in the back half reflect the estimated impact of tariffs that have been imposed.

Invesco Ltd.

IVZ2025-04-22Financial ServicesAsia Pacific
Negative

Clearly, the most recent heightened trade tensions have created an overhang on the domestic Chinese economy

Revenue Impact
Heightened trade tensions affecting economic conditions in China may hinder revenue growth from domestic operations.

Iridium Communications

IRDM2025-04-22Satellite CommunicationsGlobal
Negative

We estimate that the current U.S. trade policies based upon a minimum tariff of 10% for Thailand, would result in approximately $3 million of incremental cost to Iridium this year.

Cost Impact
The implementation of tariffs is expected to increase costs by approximately $3 million in 2025.
Cost Impact
If tariffs revert to originally proposed levels of 36%, costs could increase by $6 million to $7 million.
Guidance Impact
Uncertainty regarding tariffs may affect financial guidance and operational EBITDA projections.

Capital One

COF2025-04-22Financial ServicesNorth America
Negative

We think if tariffs are -- if the tariff wars sort of really continue on, the auto business is I think might be really quite impacted because the immediate effect would be an almost certain increase in vehicle prices.

Cost Impact
Higher vehicle prices due to tariffs could lead to increased costs for consumers and potentially lower demand for auto loans.
Revenue Impact
Increased vehicle prices may reduce consumer demand, impacting loan origination volumes and revenue growth.
Credit Risk
Higher vehicle prices could affect credit performance for new originations while improving recovery rates for existing loans.

Hope Bancorp

HOPE2025-04-22BankingNorth America
Negative

there's a lot of uncertainty around the tariff environment and things like that.

Financial Impact
Potential stress on borrowers due to tariffs leading to cautious monitoring of asset quality.

Old National Bancorp

ONB2025-04-22BankingGlobal
Negative

we took the opportunity to increase our allowance for credit loss, incorporating global trade and economic uncertainty in our reserve level.

Financial Impact
Increased credit loss reserves due to uncertainty from global trade.

Tesla

TSLA2025-04-22AutomotiveNorth America
Negative

Tariffs are still tough on a company when margins are still low.

Cost Impact
Increased costs due to tariffs affecting profitability, particularly on low volume platforms.
Revenue Impact
Potential decrease in sales volume due to elevated prices from tariff impacts.
Supply Chain
Ongoing efforts to localize supply chains have provided some insulation against tariffs but not complete immunity.
Financial Impact
Projected increase in capital expenditures influenced by the cost of bringing equipment from outside the US.

MSCI Inc.

MSCI2025-04-22Financial ServicesGlobal
Positive

Given the decline in interest rates and obviously the weakening of the dollar, we also saw flows going into emerging markets and new inflows into emerging markets.

Revenue Impact
Increased asset-based fees due to rising investments in non-US markets as a result of changing trade policies.
Strategy
Shift in client investments towards international markets due to tariffs impacting US market confidence.

Verizon

VZ2025-04-22TelecommunicationsNorth America
Negative

If the tariff is going to be as high as they say on the handsets, we are not planning to cover that in our work.

Cost Impact
Higher tariffs on handsets may lead to increased costs that cannot be absorbed by the company, impacting pricing strategies.
Revenue Impact
Increased costs from tariffs may necessitate passing higher prices onto consumers, potentially affecting sales volume and revenue.
Guidance Impact
The impact of tariffs creates uncertainty, which is reflected in caution regarding guidance for future performance.

Kimberly-Clark

KMB2025-04-22Consumer GoodsNorth America
Negative

the majority of what we sell in the US is sourced and made locally here in the US...our combined exposure to three specific countries, China, Mexico and Canada, was just less or around 10% of our total cost of goods.

Cost Impact
An incremental $300 million gross impact from tariffs primarily due to increased costs on imported finished goods from China.
Financial Impact
The tariff impacts are expected to negatively affect operating profit and EPS guidance for the year.
🔔Tracking Started: This page tracks tariff commentary from NYSE and NASDAQ companies with market capitalization above $10 billion, beginning April 2, 2025.