Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
the anticipated uptick in goods inflation resulting from higher tariffs has been more muted than expected thus far.
we continue to expect full year adjusted gross margin to slightly improve versus 2024, inclusive of an approximate $100 million tariff headwind for the full year
we're seeing significant strength in the U.S., but also signed contracts for our HA gas turbines, our largest and most efficient baseload units this quarter in Mexico, Kuwait, Poland and Malaysia.
there's probably somewhere in the neighborhood of a 3 up to $7,500 per truck impact because it affects different components of both the chassis and the bodies separately.
Raw materials were unfavorable due to higher material costs largely due to increased tariffs.
The total tariff impacts for Q3 for both businesses were in excess of $400 million, generally split evenly between them.
The increase is primarily driven by favorable customer mix, partially offset by the impact of tariffs.
We also saw benefits from improved cost management, including reductions in selling and administration expenses. These gains were partially offset by lower sales volumes and increased product costs, largely due to ongoing inflationary pressures.
The majority of the year-over-year margin change was driven by the impact of tariffs and related FX.
Risks remain with ongoing tariff and trade negotiations, and the full impact of a prolonged government shutdown on market conditions is difficult to predict.