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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.

Freeport-McMoRan

FCX2025-04-24MiningNorth America
Positive

US tariff policy has heavily influenced sentiment on the global economy in recent weeks, but the facts are that copper demand remains strong globally.

Revenue Impact
The potential tariff on imported copper could lead to increased premiums for Freeport's US copper sales, benefiting revenue significantly.
Financial Impact
Market expectations for tariffs have resulted in a premium of approximately 13% above LME prices, equating to an expected $800 million annual financial benefit.
Supply Chain
Tariffs on components sourced from China may impact cost structures, but efforts are underway to diversify supply chains to mitigate these impacts.

LKQ Corporation

LKQ2025-04-24AutomotiveNorth America
Neutral

Historically, when the industry has seen tariffs, they've been good for the industry, they've been good for LKQ Corporation.

Cost Impact
Tariffs expected to raise part prices and impact cost of goods sold, with efforts to mitigate through partnerships.
Revenue Impact
Potential increase in used car values may lead to more repairs and increased sales for LKQ's recycled parts.
Supply Chain
Establishment of a global tariff task force to navigate tariff impacts on supply chain management.

Hasbro, Inc.

HAS2025-04-24Toys and GamesGlobal
Negative

We must acknowledge the costs imposed by current tariffs... Ultimately, tariffs translate into higher consumer prices. Potential job losses as we adjust to absorb increased costs, and reduced profits for our shareholders.

Cost Impact
Increased operational costs due to tariffs, leading to potential job losses and reduced profits.
Revenue Impact
Projected revenue loss estimated between $60 million to $180 million depending on tariff scenarios.
Supply Chain
Plans to diversify supply chain away from China to mitigate tariff impacts, increasing complexity and costs.
Operations
Accelerating efforts to manage inventory and production shifts to mitigate tariff exposure.
Financial Impact
Guidance remains unchanged despite tariff pressures; uncertainty leads to a cautious outlook.

Visteon

VC2025-04-24AutomotiveNorth America
Negative

The proposed tariff would impact approximately $10 million of Visteon products imported from Mexico into the US on a weekly basis.

Cost Impact
Potential additional costs of approximately $2.5 million per week due to new tariffs.
Guidance Impact
Increased uncertainty due to tariffs leading to not reaffirming full-year guidance.
Revenue Impact
Expected decline in industry production volumes could negatively affect revenue.

Webster Financial Corporation

WBS2025-04-24Financial ServicesNorth America
Neutral

We've yet to see any real impact on credit related to the tariff announcements but as you can imagine, we're spending a ton of time consulting with our clients on potential impacts and looking for potential vulnerabilities in our portfolio.

Operations
The company is consulting with clients regarding potential vulnerabilities due to tariffs.
Strategy
Clients are delaying strategic actions while assessing potential impacts of proposed tariffs.

The Procter & Gamble Company

PG2025-04-24Consumer GoodsGlobal
Negative

We are now forecasting only modest headwinds from net interest income and expense, and an effective tax rate roughly in line with the prior year. Combined, these below-the-line items are around a $0.04 headwind to core EPS.

Cost Impact
Tariff impacts from raw and packaging materials sourced from China result in a significant cost increase affecting profitability.

Bread Financial Holdings, Inc.

BFH2025-04-24Financial ServicesNorth America
Negative

We are closely monitoring consumer reaction to tariffs, trade policy, and broader concerns...

Cost Impact
Potential increase in costs due to higher tariff-driven inflation affecting consumer purchasing power.
Revenue Impact
Uncertainty from tariffs may lead to reduced consumer confidence and spending.

Valero Energy Corporation

VLO2025-04-24EnergyNorth America
Negative

Discussions on tariffs and sanctions have certainly made it hard to see where the direction that's going.

Operations
Uncertainty around tariffs is impacting the clarity of market dynamics and crude differentials.

Group 1 Automotive

GPI2025-04-24AutomotiveNorth America
Negative

Expectations are that new and used vehicle GPUs could remain elevated as inventories tighten from imposed tariffs.

Revenue Impact
Higher prices due to tightened inventories may affect revenue dynamics.
Cost Impact
Potential increase in costs associated with parts due to tariffs.
Guidance Impact
Deferred capital expenditures and reevaluation of discretionary spending due to tariff uncertainties.

SPS Commerce

SPSC2025-04-24TechnologyGlobal
Neutral

We are closely monitoring how current trade dynamics are impacting the retail, and we are committed to helping our partners and customers successfully navigate challenging macro environments.

Strategy
The company is adapting its strategy to help customers navigate uncertainties related to tariffs.
Operations
Uncertainty from tariffs could lead retailers to seek more visibility and agility in their supply chains.
🔔Tracking Started: This page tracks tariff commentary from NYSE and NASDAQ companies with market capitalization above $10 billion, beginning April 2, 2025.