Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
the degree to which that will continue is very path dependent, and depends on what happens during this ninety-day window to hopefully resolve the uncertainty over the tariff regime in particular.
Based on current information, we expect the impact of tariffs to be around $10 million annually.
Broadly speaking, we are partially protected by our activity mix, with approximately 80% of our revenue derived from international markets, as well as by our diversified supply chain network that includes in-country manufacturing and local sourcing.
We are assessing the potential impact of tariffs, and we have been working diligently to mitigate the impact of current tariffs on our results.
The proposed higher tariffs would result in meaningful increases to our product costs, if not otherwise mitigated.
Needless to say, tariff risk is at top of mind of everyone.
Today, tariffs have had limited direct impact on our business and financial results.
We are not comfortable with providing estimates at this time. We just do not have enough insight into what might happen.
We expect the impact of tariffs that have been announced since our conference call in January and that are currently in effect to have an incremental impact of roughly $200 million in 2025 versus our initial guidance.
Approximately $4 million in tariff costs from the newly introduced tariff regime in the US that are expected to be passed through 100% in the second quarter.