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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.

Carrier

CARR2025-07-29HVACGlobal
Neutral

Tariffs were net neutral in the quarter.

Financial Impact
The net tariff impact in our July guide is 0, indicating that tariffs did not significantly affect financial performance.
Cost Impact
The incremental price to neutralize tariffs is now about $200 million versus $300 million in our prior guide, suggesting a careful management of pricing strategies.

Johnson Controls

JCI2025-07-29IndustrialGlobal
Negative

we proactively mitigated the impact of tariff through strategic sourcing and cost management initiatives.

Cost Impact
The company faced challenges due to tariffs, which required them to implement strategic sourcing and cost management to mitigate negative effects.

Hubbell

HUBB2025-07-29Electrical EquipmentGlobal
Negative

While raw material inflation and tariffs are driving incremental cost inflation relative to our initial outlook...

Cost Impact
Tariffs contributing to higher costs which the company is working to mitigate through pricing strategies.

Royal Philips

PHG2025-07-29HealthcareGlobal
Negative

At current tariff levels, we now expect free cash flow for the full year to range between EUR 0.2 billion and EUR 0.4 billion, up from slightly positive previously.

Financial Impact
Tariffs are expected to have a net impact of EUR 150 million to EUR 200 million on the company's finances for 2025.
Guidance Impact
Adjusted EBITA margin guidance increased by 50 basis points due to lower than previously assumed tariffs.

Veralto Corporation

VLTO2025-07-29Water Quality and Industrial SolutionsGlobal
Neutral

Considering the progress we continue to make on our countermeasures and the current state of tariffs, we expect a neutral net impact from tariffs on our 2025 earnings per share.

Cost Impact
Tariff-related costs incurred in advance of targeted price increases.
Financial Impact
Expecting a neutral net impact from tariffs on 2025 earnings per share.

Nucor

NUE2025-07-29Steel ManufacturingNorth America
Positive

Tariff policy continues to evolve, but has been positive for the steel industry overall.

Revenue Impact
Strengthened tariffs help curb unfairly traded imports and support domestic pricing.
Cost Impact
Monitoring evolving country-specific tariff negotiations may affect raw material costs.

Brown & Brown, Inc.

BRO2025-07-29InsuranceNorth America
Neutral

customers are cautiously optimistic that the uncertainties of tariffs and other matters will resolve in a favorable manner.

Guidance Impact
Uncertainties related to tariffs are causing some customers to delay investment decisions.

The Hartford Insurance Group

The Hartford2025-07-29InsuranceNorth America
Neutral

I'm feeling a little better about tariffs and particularly on auto parts and new cars, given what the administration was able to agree with Japan and Europe.

Cost Impact
Modest impact expected for 2025 as tariff increases can be absorbed in loss picks.

Enterprise Products Partners LP

EPD2025-07-28EnergyGlobal
Negative

This past quarter was dominated by headlines about tariffs and trade, many of this being close to home, especially regarding ethane and LPG.

Cost Impact
Decline in gross operating margin due to market pressure from tariffs.
Revenue Impact
Increased competition and declining spot rates impacted revenue generation.

Revvity

RVV2025-07-28Healthcare TechnologyGlobal
Neutral

While some tariffs were rolled back during the quarter, particularly with China, this relief did not meaningfully change their overall impact on us given our mitigation efforts are operational in nature and still moving forward as previously planned.

Cost Impact
Tariffs have led to increased operational costs, but mitigation strategies have been implemented.
🔔Tracking Started: This page tracks tariff commentary from NYSE and NASDAQ companies with market capitalization above $10 billion, beginning April 2, 2025.