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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.

Global-E

GLBE2025-05-14E-commerceGlobal
Negative

Despite the high level of uncertainties driven by the turmoil in duty tariffs and their potential adverse impact on global trade.

Revenue Impact
Potential negative impact on U.S. inbound GMV due to significant retail price increases driven by high tariffs.
Cost Impact
Removal of the de minimis on imports from China and Hong Kong may increase costs for consumers, affecting demand.
Supply Chain
Future escalation in tariffs may create further uncertainty for merchants and consumers.

Tower Semiconductor

TSEM2025-05-14SemiconductorsGlobal
Neutral

The overall market experienced uncertainty due to tariffs and related policy shifts.

Strategy
Tariffs create uncertainty, but the company leverages its global footprint to mitigate risks.

SFL Corporation

SFL2025-05-14MaritimeGlobal
Negative

The recent market turmoil and oil price volatility has delayed new employment opportunities for the rig, which is impacting our near term financial results.

Cost Impact
Tariffs imposed on Chinese built vessels are expected to increase operational costs due to additional port fees.
Revenue Impact
Potential reductions in trade routes and changes in chartering behavior due to tariffs may affect revenue generation.
Supply Chain
Tariffs on Chinese vessels may alter logistics and supply chain strategies for the company.

Everus Construction Group

EVCG2025-05-14ConstructionGlobal
Neutral

The tariff and trade uncertainties are creating very dynamic operating conditions, but we are well equipped to manage through these challenges.

Cost Impact
Potential increases in prices due to tariffs could affect fixed price contracts and overall cost structure.

Danaos Corporation

DAC2025-05-14MaritimeNorth America
Negative

the uncertainty of tariffs has led to a dramatic decline in the U.S. Pacific market.

Revenue Impact
The uncertainty surrounding tariffs has contributed to a decline in trade flow and revenue generation within specific markets.

CAE

CAE2025-05-14Aerospace & DefenseNorth America
Positive

CAE is well insulated from direct tariff impacts. Approximately 70% of our CAE's total revenues come from services delivered within our customers' own countries, which significantly limits our exposure to cross border tariffs.

Cost Impact
The company has limited exposure to tariffs due to the high percentage of domestic revenue.

Alcon

ALC2025-05-14Medical DevicesGlobal
Negative

the current tariff structure introduces new headwinds

Cost Impact
The gross impact from tariffs is expected to pressure cost of sales by approximately $80 million for the full year.
Guidance Impact
The company has anticipated nearly all of the tariff impact to be felt in the second half of the year, affecting revenue projections.

Karman Space & Defense

KARM2025-05-13Aerospace & DefenseGlobal
Neutral

We believe that export tariffs do not represent a risk to our revenue because direct international sales represent less than 1% of our revenue.

Cost Impact
The company has conducted a thorough review of its supply chain and determined minimal exposure to tariffs, with negligible use of rare earths in their processes.

Under Armour

UA2025-05-13ApparelGlobal
Negative

Given the significant uncertainty that tariffs create concerning potential shifts in consumer demand and rising product costs, we believe limiting our outlook to the first quarter of fiscal '26 is prudent.

Cost Impact
Tariffs are expected to increase product costs, affecting gross margins.
Revenue Impact
Changes in trade policy are anticipated to significantly impact revenue expectations.
Guidance Impact
The company has limited its revenue guidance due to uncertainty from tariff changes.

Landstar System Incorporated

LSTR2025-05-13TransportationNorth America
Negative

We continue to monitor the impact of tariffs and other federal trade policies on international trade relationships between the United States and many countries throughout the world, most notably China, Mexico and Canada, very closely.

Revenue Impact
The uncertainties associated with aggressive U.S. trade and tariff policies have negatively affected revenue from U.S.-Mexico and U.S.-Canada cross-border operations.
Operations
Ongoing challenges in the freight environment are compounded by a highly volatile federal trade policy.
🔔Tracking Started: This page tracks tariff commentary from NYSE and NASDAQ companies with market capitalization above $10 billion, beginning April 2, 2025.