Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
the current tariff environment introduces a new dynamic to our outlook
While changes in the global trade policies create uncertainties, we are executing our long-term value creation road map as illustrated on the right and discussed at length during last month's Investor Day.
But lack of clarity on the US and global trade policy have led to macroeconomic uncertainty, including the impact on business investment and job growth.
Tariffs will drive up material prices increasing construction costs.
I would provide the caveat that all meaningful construction scopes and bids are now qualified by not yet escalating with regard to tariffs.
We recognize we are in a period of heightened uncertainty, and there could be headwinds in the balance of the year to the extent macro risks and geo-political tensions result in lower economic growth and reduced tourism.
At this point, it is too early to quantify the potential impact of tariffs on our business.
About 15% of our cost of sales is now subject to tariffs with about one-third of that coming from China.
We are estimating incremental material costs of approximately $5 million to $6 million, or $0.32 to $0.39 per share, in our April forecast, associated with tariffs that cannot be mitigated in the short term.
the potential impact of tariffs that increased uncertainty for many of our insured across the globe and raised inflationary risks for some of our businesses.