Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
We are seeing some projects delayed. We're anticipating some slowdowns that may happen or may not happen.
As we look to next year, because we had mitigation that we're going to wrap, there is going to be some headwind from a kind of wrap perspective in tariffs.
Gross margins declined 130 basis points to 40.2% on a reported basis, primarily due to 300 basis points associated with higher tariffs in North America.
The tariff landscape was uncertain and unpredictable in 2025. We expect it will remain that way in 2026.
Tariff policy has added pressure.
a combination of tariffs and immigration issues are keeping upward pressure on materials -- material and labor costs and are pushing overall costs higher.
we are watching the changing tariff environment.
We will start to lap some of the tariffs in Q4 of last year. That year-over-year hurt will not be as great in Q4 as it has been in the first part of the year.
Our estimate of approximately $24 million remains the same for the year.
The future impact of tariffs remains extremely fluid as the recently eliminated IEEPA tariffs have now been replaced with new global tariffs for at least the next 150 days.