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Tariff Impact Tracker from Earnings Calls

Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.

Altria Group

MO2025-10-30TobaccoNorth America
Neutral

Despite this competitive landscape, Helix was steady in the third quarter, growing on reported shipment volume to over 42 million cans, representing an increase of nearly 1% versus the prior year.

Revenue Impact
Increased promotional activity by competitors has influenced shipment volumes and pricing strategies.
Cost Impact
Significant promotional spending has elevated costs in order to maintain market share against competitors.

Illumina

ILMN2025-10-30HealthcareGlobal
Negative

Tariffs impacted gross margins by roughly 220 basis points on a year-over-year basis.

Cost Impact
Increased costs due to tariffs negatively affecting gross margins.

WEC Energy Group

WEC2025-10-30UtilitiesNorth America
Positive

We believe the tariff is a key component to making Wisconsin a prime spot for data center investment.

Strategy
The proposed very large customer tariff aims to attract major customers while ensuring other customers are not subsidized.

Gilead

GILD2025-10-30BiotechnologyGlobal
Neutral

we continue to expect the impact of known tariffs to be manageable in 2025.

Financial Impact
The company anticipates that the effects of existing tariffs will not significantly hinder financial performance.

LKQ Corporation

LKQ2025-10-30AutomotiveNorth America
Negative

We expect that the year-end inventory balance will include a full inventory turn inclusive of tariffs.

Cost Impact
Increasing prices to offset dollar-for-dollar higher input costs from tariffs.

Baxter International

BAX2025-10-30Medical DevicesGlobal
Negative

One of the critical areas of focus and attention right now... is related to higher costs related to tariffs.

Cost Impact
Increased manufacturing and supply costs resulting from tariffs.
Financial Impact
Estimated net impact to results is approximately $40 million in 2025 due to tariffs.

Republic Services

RSG2025-10-30Waste ManagementNorth America
Negative

There's a ton of uncertainty out there for manufacturers and trade policy is top of the list.

Operations
The uncertainty around trade policy has contributed to slowdowns in manufacturing activity, impacting operational performance.

CMS Energy

CMS2025-10-30UtilitiesNorth America
Positive

It's important to get this gating item done, the tariff, the large load tariff.

Revenue Impact
The successful implementation of the large load tariff is expected to facilitate significant revenue generation from new data center projects.
Operations
The tariff is a critical component for moving several large data centers through the project pipeline.

The Hershey Company

HSY2025-10-30ConfectioneryGlobal
Neutral

we've seen significant acceleration on trade deals... we could see some positivity there.

Cost Impact
Anticipation of potential tariff relief that may positively affect cost structure.

Cheniere Energy

LNG2025-10-30EnergyGlobal
Negative

this year has been one of the more challenging with geopolitical unrest, rising cost and unsufficient supply chains, tariffs and now a government shutdown.

Cost Impact
Increased costs associated with tariffs affecting the company's operations and supply chain.
🔔Tracking Started: This page tracks tariff commentary from NYSE and NASDAQ companies with market capitalization above $10 billion, beginning April 2, 2025.