Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
Adjusted gross margin in the quarter was down about 60 basis points driven by tariff-related costs partially offset by pricing actions and supply chain countermeasures.
Tariff-related uncertainty and other macro factors in North American economy have ripple effects through some of our customers over the past 2 quarters.
Currently, we do not expect a material change to our result of operations as a consequence of the latest U.S. tariff actions.
While our P&W export program is impacted by the tariffs on soybeans, our grain team is working with our customers across Canada, the U.S. and Mexico to identify alternative markets and incremental opportunities to backfill a portion of this market shortfall.
The operating profit decline was driven by lower volumes and favorable price, tariff headwinds and mix.
The net impact from incremental tariffs was near the top end of our estimated $500 million to $600 million range for the third quarter.
Operating profit was impacted by lower volume and higher costs such as tariffs, commodities and inventory-related reserves.
There’s an extra dimension of uncertainty hanging over everyone’s heads here related to where policy direction might take us.
We started the year with volatility from tariffs and the uncertainty that continues to this day.
there is a tariff impact that we're dealing with, which is more or less consistent quarter-to-quarter.