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Tariff Impact Tracker from Earnings Calls

Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.

Rogers Communications

RCI2025-04-23TelecommunicationsNorth America
Neutral

We highlight it as a potential risk, but we think it's unlikely.

Cost Impact
Potential risks related to tariffs on handsets due to macroeconomic factors.

Lennox

LII2025-04-23HVACNorth America
Negative

This updated guidance includes all known and anticipated impacts of tariffs, including incremental price actions, inflation and potential volume softness.

Cost Impact
Tariff-related cost headwinds have increased total cost inflation significantly.
Revenue Impact
Expected decline in sales volumes due to tariff impacts and economic slowdowns.
Pricing Strategy
Implementation of new pricing strategies to offset tariff impacts.

Avery Dennison

AVY2025-04-23ManufacturingGlobal
Negative

The recent change in tariffs will likely have both direct and indirect impacts on our business.

Cost Impact
Higher tariffs are expected to create low single-digit inflation on total raw material purchases.
Revenue Impact
Apparel revenue is expected to decline mid-single digits due to tariff uncertainties.

GATX Corporation

GMT2025-04-23TransportationNorth America
Neutral

The impact of the recent tariff announcements has to date had very little impact on our business and financial results.

Cost Impact
While there is a potential for increased costs due to tariffs, currently existing exemptions prevent direct impacts.
Revenue Impact
Long-term risks related to economic growth impacted by tariffs could affect overall demand for railcars.

Thermo Fisher Scientific

TMO2025-04-23Life SciencesGlobal
Negative

The tariff rates here are so substantial that they're likely to significantly reduce the volume of trade between the two countries.

Revenue Impact
Expecting a $400 million revenue headwind for the year due to tariffs on products sold in China.
Cost Impact
Tariffs expected to increase the cost of China-sourced parts and subassemblies, with an operating income headwind of $375 million.
Guidance Impact
Guidance updated to reflect the impact of tariffs and policy changes, with adjusted EPS lowered by $0.70 due to tariffs.

CME Group

CME2025-04-23Financial ServicesGlobal
Positive

market participants look to hedge exposures to tariff policies and geopolitical dynamics.

Revenue Impact
Increased trading volumes as clients manage their risk exposures related to tariffs.
Cost Impact
Potentially elevated costs due to increased margin requirements in response to market volatility.

Stifel Financial

SF2025-04-23Financial ServicesGlobal
Negative

The combination of tariffs, uncertainty over global capital flows and disagreement between the administration of the Federal Reserve on monetary policy has contributed to increased market volatility.

Market Conditions
Tariffs have created uncertainty leading to increased market volatility, affecting investor confidence.

Boeing

BA2025-04-23AerospaceGlobal
Negative

We are currently paying the 10% tariff on those components... but we should recover tariff costs for those aircraft that are subsequently exported.

Cost Impact
Input tariffs are increasing manufacturing costs by approximately $500 million annually, which is manageable within the company's plan.
Revenue Impact
Retaliatory tariffs from China are preventing deliveries, affecting planned revenue from approximately 50 aircraft.
Supply Chain
Tariffs may disrupt supply chain continuity if suppliers cannot handle increased costs or delays.

Ryder System, Inc.

R2025-04-23TransportationNorth America
Neutral

our exposure is relatively limited and I would say minimal.

Cost Impact
While there are concerns about tariffs impacting pricing, the company believes their exposure is limited due to compliance with USMCA.

Amphenol Corporation

APH2025-04-23ElectronicsGlobal
Negative

To the extent that there are some impacts of these tariffs, is there some pressure to some of our general managers that, they have to work with customers, to find a way to pass that on?

Cost Impact
Increased costs due to tariffs leading to pressure on pricing strategies.
Revenue Impact
Potential need to pass on tariff-related price increases to customers may impact revenue dynamics.
🔔Tracking Started: This page tracks tariff commentary from NYSE and NASDAQ companies with market capitalization above $10 billion, beginning April 2, 2025.