Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
We had tariff impacts of north of $200 million, 1%, 1.5% of our revenue in RTMs.
we're still talking about tariff, for example, in some places. So it's -- for sure, it's a concern in some places, especially when I'm talking to some clients in Europe, you still see some concern on that side and that's hurting a bit on the macro side.
Wind EBITDA losses were $225 million in the quarter, below the fourth quarter of 2024 levels due to higher offshore contract losses, including the impact of the recently issued U.S. order to halt construction of all offshore projects and lower onshore equipment volume, partially offset by improved onshore services.
Approximately a third of North America's margin contraction was also driven by our product and distribution cost inflation, led by tariffs and elevated coffee pricing.
Despite these headwinds, we executed well, expanded profit margins to a record 20.4%, and delivered more than $75 million in cost productivity while continuing to invest in long-term growth.
the imposition of tariffs in this quarter but not in 2024.
Our earnings growth and strong free cash flow generation in the face of tariff-related cost pressures and significant productivity investments underscore the differentiated quality of our earnings and business models.
we expect margin compression from the increased low-cost competition impacts to market from policy uncertainty, and the cost of tariffs.
International freight continues to be impacted by global trade policies, which caused previous front-loading, a dislocation of shipments, and a more pronounced decline in demand after the Q3 peak season.
The operating profit decline was driven by lower volumes, unfavorable price tariff headwinds, and mix.