Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
Trade policy uncertainty has contributed to temporary headwinds to gross profit margins since May of this year for most carbon steel products.
As we've anticipated coming into the third quarter, we saw a significant ramp in tariff-driven acquisition cost increases and made appropriate adjustments to selling prices.
The new copper tariff that took effect on August 1 caused some short-term disruption.
We remain confident that we're in a strong position to mitigate the impact of tariff costs.
cost inflation from tariff pressures temporarily outpacing pricing.
Pricing in our Americas segment was 4.6% in the quarter. This includes a combination of core pricing and surcharges as we cover inflation, including tariffs.
we continue to anticipate $15 million to $20 million in tariff-related costs this year and now expect to mitigate more than half of those costs in 2025.
Seasonality was different this year due to really, we think, because of the tariffs and trying to pull ahead some production into Q2 and Q3.
Industry-wide shipments of door cases are at a 20-year low in part because of tariff uncertainty has caused customers to delay maintenance and replacement upgrade spending.
It is important to note that our net charge-off guidance does not include an estimate for the long-term impact of tariffs given the continued shifts in expectations and the difficulty in determining the full impact on our asset quality.