Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
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.
At the time we made the investment in our Purple Wave platform...the tariff complex would introduce into the industry and the uncertainty that it would inject into the industry for heavy equipment.
The year-over-year decrease was primarily due to higher tariffs, unfavorable sales mix and higher warranty expenses.
We faced a bumpy tariff environment.
The headwinds of 2025 were real and significant, a continued decline in repairable claims, the impact of tariffs and persistent softness in the European market.
We faced a challenging macro environment, including higher than historical interest rates, increased cost, continued inflation, impacts from tariffs and uncertainty around when consumers will return to more typical discretionary spending.
Our performance particularly impressive is that we achieved them while navigating trade policy shifts and geopolitical uncertainties throughout 2025.