Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
despite tariff headwinds, which picked up meaningfully versus Q2.
Our current guidance reflects our exposure to tariffs based on trade policy as it currently stands and does not include the impact of tariffs that have not yet been implemented.
We expect that number to be greater than 90% in 2026. We don't believe that number will get to 100% just simply because there are small volume, small running products that from a capital perspective, it would not make sense to kind of move some of that production overseas.
operating leverage, offset by higher tariffs
the tariffs need to be renegotiated. They need to be included in the pricing and our Chinese customers are going back to the government entities and getting higher prices to pay for our products, and that's causing a delay.
We expect revenue to be $2.9 billion, plus/minus $100 million. At midpoint, this reflects a growth of approximately 20% year-over-year.
The tariff changes continue to produce uncertainty for Howmet. However, the net tariff drag continues to be small at around $5 million plus or minus.
We attribute that to some effects from the late March auto tariff announcements.
We would think that those would typically grow in line with just typical inflationary trends.
Other than China, we have not experienced any meaningful challenges from tariffs or other barriers in our traditional trade lanes.