Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
export sales volume disruptions created by tariff uncertainty during the second quarter.
the Midwest Premium pricing...has been indirectly impacted by recent U.S. tariff announcements, causing another substantial and unexpected spike in the second quarter.
the net impact of tariffs was around the top end of our estimated range for the quarter and is likely to be a more significant headwind to profitability in the second half of 2025.
We experienced an initial slowdown in customer projects when tariff levels were first announced... This pause was followed by accelerated ordering in June.
the cost of doing business is a direct subtraction from your profitability. The numbers this quarter were nothing short of extraordinary.
The impact of currently enacted and assumptions on announced tariffs on our business is slightly higher than our estimate as of our May guidance update.
the net tariff impact assumed in the second half of 2025 is currently estimated as a $20 million headwind
Global trade results were lower relative to the same quarter last year, largely due to the lower trading volumes, partially related to the trade policy uncertainty as well as lower margins due to lower commodity prices.
We continue to evaluate opportunities and develop plans, which will help mitigate the potential long-term impact of tariffs on our business and our operations.
Like others in our industry, we believe that some customers took on additional inventory in the second quarter, particularly in consumer-facing markets, in anticipation of increased tariff-related impacts.