Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
we were about $170 million. We're down to about $100 million gross tariffs.
This includes approximately $1.1 billion of tariff-related costs, which is in line with what we had estimated on our last call.
Macroeconomic uncertainty always exists, especially around tariffs, trade and now we have the government shutdown again.
the volatility of tariff policies, which marked the start of the fiscal year has quieted.
our actual results could differ materially from our guidance... including tariff and trade policies
Overall, tariffs produced a slight net headwind during Q1.
despite tariff headwinds, which picked up meaningfully versus Q2.
Our current guidance reflects our exposure to tariffs based on trade policy as it currently stands and does not include the impact of tariffs that have not yet been implemented.
We expect that number to be greater than 90% in 2026. We don't believe that number will get to 100% just simply because there are small volume, small running products that from a capital perspective, it would not make sense to kind of move some of that production overseas.
operating leverage, offset by higher tariffs