Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
Our initial view of raw material costs is that they will be up low single digits, inclusive of tariffs with varying costs for individual commodities.
Our updated annualized impact is roughly $180 million with the inclusion of additional Section 232 derivative tariffs.
Tariffs were net neutral in the quarter.
I think as we discussed in prior calls... we'll make the appropriate trend picks for our loss costs, giving due credence to any tariff pressure, particularly in property or physical damage coverages.
We believe that tariffs must stay in place with no exceptions or loopholes until there are fundamental changes in the global steel industry.
the uncertainty regarding tariffs appears to be lessening as time passes.
We expect impact from green coffee inflation and tariffs to build into the fourth quarter.
Margins were pressured on a year-over-year basis from tariffs, FX, and lower volume leverage.
Our fiscal '26 outlook now includes approximately $500 million before tax and higher costs from tariffs.
Our pricing and supply chain actions more than covered tariff costs and positively impacted both EPS and margin in Q3.