Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
Though none of us are enjoying the continually evolving tariff situation, it is yet another example of the nimble execution capabilities of our organization.
We foresee a headwind from the current tariffs here in the second quarter, but we expect we will have largely offset their impact on our 2025 results by the time we enter the second half of the year.
the gross margin was also impacted by new tariff expenses of approximately $650,000 in the quarter that were not reimbursed during the quarter.
It is too early to see signs of impact... we will remain disciplined around credit as we monitor the impact of the new tariff policies on our customers and our communities.
we'll also be thinking about potential tariff impacts when making bid decisions.
Clearly, in the quarter, we benefited in March from a pull-in effect as buyers accelerated their planned vehicle purchases to avoid the coming tariffs.
I don't expect tariffs to have a meaningful sort of overall impact on our capital expenditures.
we are keeping an eye towards federal policy development including tariffs, changes in the inflation reduction act, tax policy, and other relevant legislation that may impact our base capital plans or renewable procurement.
we look forward to collaborating with the administration to support US manufacturing by addressing the unintended consequences of tariffs on feedstocks, given international RD imports to the US are untariffed, which disadvantages domestic producers like Rodeo.
we did an analysis of the portfolio of the sectors that we thought would be impacted by tariffs.