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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.

W.R. Berkley Corporation

WRB2025-10-20InsuranceGlobal
Neutral

We are preparing for it, but we're not seeing anything particularly consequential yet.

Financial Impact
Preparing for potential future impacts of tariffs in various product lines.

CSX Corporation

CSX2025-10-16TransportationNorth America
Negative

Broader market softness and tariffs continue to impact our forest product and chemical markets.

Revenue Impact
Tariffs are negatively affecting revenue in the forest product and chemical sectors.
Cost Impact
The chemical market has faced pressure from tariffs, affecting overall cost structures.

M&T Bank Corporation

MTB2025-10-16BankingGlobal
Negative

the economy continues to hold up well despite ongoing concerns and uncertainty regarding tariffs and other policies.

Strategy
Ongoing concerns about tariffs are influencing business decisions and capital investments.
Financial Impact
Economic activity is resilient, but tariff impacts may affect consumer spending and business investment.

Travelers

TRV2025-10-16InsuranceNorth America
Neutral

we haven't seen a ton of impact to date from tariffs. But our results for the third quarter do include a small impact from tariffs.

Financial Impact
Tariffs are currently having a minor financial effect, which could grow in the future, but remains below previous expectations.

Snap-on Incorporated

SNA2025-10-16Industrial Tools and EquipmentGlobal
Neutral

While Snap-on is relatively advantaged in the current tariff environment, generally manufacturing products in the markets where they are sold, our costs can be affected by trade policies.

Cost Impact
Tariffs have a potential impact on costs, but higher sales volumes and RCI initiatives offset these effects.
Supply Chain
The organic sales decline largely reflects a reduction in certain cross-border sourcing activities in the current trade situation.

Bank of America

BAC2025-10-15Financial ServicesGlobal
Positive

We feel good about the pipeline and the way it's developing. And you know we'll need to see how the transactions execute in Q4. But it feels like a good environment in terms of, for example, M&A at this point.

Revenue Impact
The clarity around trade and tariffs has allowed clients to make longer-term decisions, thus increasing investment banking activity.

Synchrony Financial

SYF2025-10-15Financial ServicesGlobal
Negative

exclude any potential impacts from a deteriorating macroeconomic environment or from the implementation of tariffs and potential retaliatory tariffs as the effects remain unknown.

Guidance Impact
The company acknowledges that tariffs could have uncertain effects on their financial outlook.

Abbott Laboratories

ABT2025-10-15HealthcareGlobal
Negative

the adjusted gross margin profile was 55.8% of sales, which as expected reflects a decrease compared to the prior year due to the impact of tariffs.

Cost Impact
Tariffs have negatively affected the gross margin, leading to increased costs for the company.

Albertsons Companies, Inc.

ACI2025-10-14Retail GroceryNorth America
Neutral

Tariffs have not had a material impact on our financial performance yet this year. As 90% of the products we sell are sourced domestically.

Cost Impact
The company is insulated from global trade volatility due to its domestic sourcing.

BlackRock, Inc.

BLK2025-10-14Financial ServicesGlobal
Neutral

In April, tariff announcements shocked global markets.

Strategy
Tariff announcements prompted strategic meetings with international offices to reinforce local mandates.
🔔Tracking Started: This page tracks tariff commentary from NYSE and NASDAQ companies with market capitalization above $10 billion, beginning April 2, 2025.