Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
We have seen some impacts on tariffs, but albeit it's really been low single-digit percentages.
the net impact to Cummins was negative year-over-year.
some large brands, particularly in categories like consumer products or CPG and then parts of retail are still feeling pressure from factors like tariffs and inflation
We delivered adjusted diluted EPS of $14.40, which represents strong growth of 9.6%, including a 2-point tariff headwind.
The proposed tariff applies to customers with demand exceeding 75 megawatts and establishes a rate structure with a focus on large customers paying their fair share.
Our 2025 tariff headwind estimate remains unchanged at $60 million to $80 million with a greater headwind expected in Q4 than the impact in Q3.
Despite the modest impact on our business in the third quarter, the tariff landscape continues to be complicated and dynamic.
Based on recent trade relations, we are likely to enter 2026 with a more favorable tariff environment, alleviating some of the headwinds faced in 2025.
some impact of tariffs on customer psyche and people don't know when to make capital investments or not and people are holding back.
This assumes operational gross margin expansion of 140 basis points due primarily to improvements in AUR, slightly offset by an FX headwind of 20 basis points. Further, we expect to realize a 60 basis point structural tailwind to gross margin from the disposition of Stuart Weitzman. Offsetting these planned margin drivers is a 230 basis point headwind from incremental tariffs and duties.