Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
We are assuming a mid-year tariff increase in the low- to mid-single-digit range, inclusive of both market-based adjustments and index-based tariffs, with potential outcomes of the FERC rate index review incorporated into our guidance.
the impact to tariffs has really been de minimis, really immaterial.
The decline was primarily driven by tariff costs as well as the impact of tariffs exacerbating warehousing expense associated with a back-weighted revenue profile.
We expect year over year cost headwinds primarily due to increased coffee price and tariff impacts which should be most pronounced in Q1 before easing over the course of the year.
We believe we are well positioned to manage through a variety of tariff scenarios given our relatively low exposure to the U.S., strong brand portfolio with pricing power and clean balance sheet.
Our exposure was kind of mid-single digits. And then if you think of like SKU price, that's right about 3% just in terms of the impact.
we're not sure how much impact that's going to have on OCTG because that flows through a different law as far as the tariffs go.
Today's guidance does not contemplate any impact from the recently announced Supreme Court decision regarding tariffs, which we are still assessing.
We are showing the impact of country-specific tariffs through March 2026, and the impact of steel tariffs through completion of project construction in early 2027.
These tariffs established the framework through which new large customers will pay their fair share for capital investment while bringing massive new projects to Kansas and Missouri.