Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
The conflict in the Middle East has created constraints that are clearly evident in the near term.
This includes approximately 80 basis points of headwind from tariffs and related FX versus the prior year.
the 50% Section 232 tariffs have had the most impact on aluminum gross profit margin as pricing for many common alloy aluminum products increased significantly without a corresponding significant increase in demand.
Tariffs increased product costs by $7 million in the quarter.
This is a heck of a headwind on a year-over-year basis from a gross perspective.
Adjusted gross margin for the first quarter was 70.5%, which represents a 100 basis point decline versus the first quarter of 2025 and primarily driven by tariffs as well as inventory charges related to the discontinuation of our POLARx Cryoablation system.
Operating profit was driven by pricing actions and cost savings initiatives partially offset by higher tariff and commodity costs.
Our current guidance assumes the Middle East conflict ends in the second quarter, however, should the conflict continue for a prolonged period, there is a risk that new equipment demand could be negatively impacted.
Both tariffs and sustained high interest rates continue to add to our automotive cost.
our adjusted operating profit guidance to $3.2 billion, up 53% from 2025... partially offset by ongoing tariff headwinds.