Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
We've proposed a new tariff in our rate case to memorialize these terms within our tariff structure.
first, tariff uncertainties impacting import, export container volumes, leading to softer year-end services revenue.
Gross margin in the range of 62% to 63%, inclusive of possible known tariff scenarios.
Given the overhang of global trade uncertainty, it would be premature to discuss how large a shift might be.
We're also absorbing higher tariff costs.
This guidance includes the estimated impact of implemented tariffs. It does not account for tariffs or pricing actions announced or described, but not yet implemented.
Adjusted gross margin of 62.7% decreased 50 basis points year-over-year, primarily due to tariffs impacting us for the first full quarter.
While we face near-term uncertainty from trade, tariff and regulatory policy, we remain focused on long-term growth and value creation.
We did face pockets of moderating ad spend in UCAN in Q3 as larger U.S. retailers navigate tariff-related margin pressure in the current environment.
Given the deferral in U.S. biofuel policy and other global movements, it is difficult to predict the timing of when we will see a structural increase in biofuel demand.