EarningsCall.ai
Login

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.

Steel Dynamics

STLD2025-04-23MetalsNorth America
Positive

The tariffs, risk mitigation to address numerous supply chain dislocations of accelerated reshoring and manufacturing.

Revenue Impact
The tariffs are expected to positively impact demand for lower carbon emission US-produced steel products.
Supply Chain
Tariffs are seen as beneficial for mitigating imports of unfairly priced coated flat roll products.

West Fraser

WFG2025-04-23Building MaterialsNorth America
Negative

we are now dealing with the uncertainty of tariffs and their potential inflationary effects that have the potential to affect future demand for our wooden building products.

Cost Impact
Tariffs may lead to increased costs, influencing pricing and demand for wooden building products.
Guidance Impact
The evolving tariff policies may require revisions to the company's guidance forecasts for 2025.

Trustmark Corporation

TRMK2025-04-23Financial ServicesNorth America
Neutral

we are intently monitoring the impact of tariffs and other administrative policies on our customer base, interest rates and credit related issues, we feel it is early in the process and we have not yet seen an immediate impact.

Guidance Impact
The company is watching for potential effects of tariffs on loan growth and customer behavior but has not yet observed any significant changes.

Chubb Limited

CB2025-04-23InsuranceNorth America
Negative

We are mindful of a potential impact tariffs could have on short-tail lines of business and are watching closely.

Operations
Tariffs could affect pricing and demand for property insurance, leading to adjustments in underwriting strategies.
Cost Impact
Higher tariffs may contribute to increased inflation, impacting construction and reconstruction costs.

Range Resources

RRC2025-04-23EnergyGlobal
Positive

Regardless of how the tariff dust settles here in the weeks or months ahead, we see demand remaining relatively strong.

Cost Impact
Potential shifts in pricing due to tariffs may affect transportation costs, but the company maintains a favorable market position.
Revenue Impact
Access to diverse markets helps mitigate potential revenue loss from tariff impacts.

Agree Realty

ADC2025-04-23Real Estate Investment TrustNorth America
Positive

We remain confident it will be tariff resistant.

Strategy
The company believes that its focus on necessity-based retailers positions it well to benefit from a tariff environment.
Supply Chain
Retailers in the portfolio have the scale to mitigate higher input costs, including those impacted by tariffs.

EQT

EQT2025-04-23EnergyNorth America
Negative

we still have not seen activity pick up and believe any activity additions will be disproportionately impacted by tariff-driven inflation.

Cost Impact
Tariff-driven inflation could increase operating costs for EQT, affecting profitability.

Zurn Elkay Water Solutions Corporation

ZWS2025-04-23Capital GoodsNorth America
Neutral

We had a solid Q1, little to no impact on the Q1 results from the implementation of tariffs.

Cost Impact
Expected tariff cost impact before any price adjustments for 2025 is between $45 million and $55 million.
Supply Chain
Implemented a multiyear strategy to significantly reduce exposure to China; by 2026, only 2% to 3% of COGS will come from China.
Revenue Impact
Price increases announced to recover incremental costs associated with tariffs.

PulteGroup Inc.

PHM2025-04-22ConstructionNorth America
Negative

Proposed tariffs have the potential to add thousands of dollars to the cost of construction.

Cost Impact
Tariffs are expected to increase construction costs by approximately 1% of average selling price.
Guidance Impact
Expected gross margins in the back half reflect the estimated impact of tariffs that have been imposed.

Invesco Ltd.

IVZ2025-04-22Financial ServicesAsia Pacific
Negative

Clearly, the most recent heightened trade tensions have created an overhang on the domestic Chinese economy

Revenue Impact
Heightened trade tensions affecting economic conditions in China may hinder revenue growth from domestic operations.
🔔Tracking Started: This page tracks tariff commentary from NYSE and NASDAQ companies with market capitalization above $10 billion, beginning April 2, 2025.