Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
While conservatively assessing the remainder of the fiscal year, and acknowledging the uncertainty associated with tariffs, we continue to anticipate achieving meaningful EPS growth in fiscal 2025.
Given the uncertainties that exist in the current environment around tariffs and the broader impacts of the economy, we are adjusting our 2025 outlook for loan growth to mid-single-digit growth.
We continue to work with our borrowing base to help them navigate this environment, while also ensuring that our reserves adequately consider the potential risk back in.
we revised the bottom end of our full year 2025 EBITDA guidance in acknowledgment that we may be impacted by different geopolitical uncertainties, including tariffs and regulatory changes.
However, we did not see significant adverse impacts on our business from these policy discussions on our first quarter results...
we remain challenged by the ongoing macroeconomic environment and are monitoring the uncertainty around international trade relations and tariffs.
Tariff-related price changes had a very minimal impact on same SKU inflation in the first quarter.
A couple of points. To your comment, we probably have to pass it on like happened post-COVID when we all had to enjoy some pretty healthy increases.
To the inevitable question about how our business may have been affected by concerns about tariffs or other geopolitical elements impacting expectations or the economy more broadly, we did not see any noteworthy impacts, including with respect to solid waste organic growth.
When you factor in the various mitigants, it is a manageable impact from a loss cost perspective.