Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
We expect revenue growth to be in the low single digits year over year, driven by a solid increase in revenue per piece. Operating margin in the International segment is expected to be in the mid-teens.
We incurred $2.4 billion in gross tariff costs... in the fourth quarter, we incurred another $700 million bringing the total for the year to $3.1 billion.
We had around $200 million of input costs that we dealt with last year. And that included the headwinds, which were unexpected, related to tariffs.
the negative impact of tariffs was entirely offset by our pricing actions and continued manufacturing diversification efforts.
I think at least the US fully understands the importance of commercial aerospace to the economy. To the US economy. They've been very supportive, and we've worked through what initially looked like some pretty hairy tariff environments to resulting in pretty good outcomes.
Tariffs affected product costs by $4 million in the quarter, resulting in a 70 basis point decline in the gross margin rate.
The full impact of the Section 232 tariffs and recent trade determinations will lower levels of imported steel in 2026.
In 2024, that deficit was supplied through high-cost imports. Which are now even higher cost as the tariffs increased from 10% in '24 to the current 50% level.
the modest year-over-year decline with organic margins expected to be flat. The major components... is increased tariff costs, as you mentioned, impacting margins.
Pro forma operating margin was 37%, which included an impact of approximately 95 basis points from tariffs.