Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
In the fourth quarter, we determined that the financial recovery of claims related to incremental tariffs paid under IEPAA had become probable. This resulted in the recognition of a one-time benefit of $986 million.
This tariff refund reversed tariffs the business absorbed in prior periods.
Our FY 2026 results demonstrate the power of our unique global industrial network... despite several significant headwinds. Particularly global trade policy changes.
the extreme geopolitical volatility generated by the Middle East conflict... impacted our European deployments.
We experienced tariffs in FY26 and we continue to experience tariffs at the 10% level in our FY 27 outlook.
the impact we're projecting for Q4 from a tariff refund is about $0.03 to $0.04 a share.
We expect gross margins to decline year-over-year... driven by unfavorable FX and certain higher costs, including tariffs.
Tariffs had a gross negative impact of 280 basis points in the quarter.
Tariffs impacted the business by $74 million or 80 basis points, in line with expectations.
Our guidance does not include any impact from tariff refunds.