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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.

Caesars Entertainment

CZR2025-04-29EntertainmentNorth America
Negative

If you are a bear on what's going to happen with the consumer, keep in mind, we have never had a prior downturn, a business segment that's growing like the digital segment is for us, if you look at where consensus is, where -- versus where we were last year, you would have to see a dramatic downturn in brick-and-mortar performance the last 8 months of the year for us to not be a significant grower of EBITDA this year.

Financial Impact
Uncertainty surrounding tariffs affects consumer spending and overall market conditions.

Corning Incorporated

GLW2025-04-29ManufacturingGlobal
Neutral

The direct financial impact of existing tariff structures which are primarily between the U.S. and China is only $0.01 to $0.02 per quarter.

Financial Impact
The tariffs have a minimal financial impact, estimated at $10 million to $15 million, or $0.01 to $0.02 for currently enacted tariffs in the second quarter.

Seagate Technology

STX2025-04-29TechnologyGlobal
Neutral

Based on the latest trade policy announcements, we expect minimal impact to fourth quarter financial performance due to tariffs.

Guidance Impact
Expecting minimal direct impact from tariff policies while monitoring for secondary impacts.

Regeneron Pharmaceuticals

REGN2025-04-29PharmaceuticalsGlobal
Neutral

We continue to monitor developments regarding pharmaceutical sector tariffs.

Financial Impact
While we do not expect previously enacted tariffs to have a material impact on our business, any potential impact from sector-specific tariffs is not quantifiable at this time due to uncertainty around the details of implementation.

PJT Partners

PJT2025-04-29Financial ServicesGlobal
Negative

the implications for pricing power and the increased costs resulting from tariffs and how able individual companies and industries are to pass that on to end users.

Cost Impact
Increased costs resulting from tariffs affecting pricing power.
Supply Chain
Companies may need to reorient supply chains due to tariff uncertainties.

Ecolab

ECL2025-04-29ChemicalsGlobal
Negative

We expect the annualized impact from tariffs and increased local supplier cost due to higher on-shoring demand to be a few hundred million dollars.

Cost Impact
Tariffs are increasing raw material, packaging, and equipment costs, leading to an expected financial impact of several hundred million dollars.
Revenue Impact
A 5% surcharge is being implemented in the U.S. to manage the increased costs associated with tariffs.

Snap Inc.

SNAP2025-04-29TechnologyGlobal
Negative

we've heard from a subset of advertisers that their spending has been impacted by the changes to the de minimis exemption

Revenue Impact
Advertisers are reducing spending due to changes in trade policy affecting advertising budgets.

Alexandria Real Estate Equities

ARE2025-04-29Real Estate Investment Trust (REIT)Global
Neutral

Tariffs will not create material dilution to our current pipeline projects.

Cost Impact
Estimated yields would decline by 2.5 to 3.5 basis points for every 10% tariff on construction materials.
Supply Chain
Tariffs are affecting the costs of construction materials such as steel, drywall, and HVAC equipment.

Enterprise Financial Services Corp

EFSC2025-04-29Financial ServicesGlobal
Negative

activity continues in this space, albeit at a slower pace as private equity weighs the impact of potential tariffs and interest rates on company valuations.

Strategy
Potential tariffs are creating uncertainty in the market, leading to a slowdown in activity as clients reassess their financial strategies.

Vicor Corporation

VICR2025-04-29TechnologyGlobal
Neutral

We informed our customers and channel partners that a 10% tariff surcharge line item will be added to invoices for shipments after July 2.

Cost Impact
The implementation of a 10% tariff surcharge due to increased tariffs imposed on components sourced from China.
Revenue Impact
Potential for revenue loss due to cancellation requests from China-based customers impacted by higher reciprocal tariffs.
🔔Tracking Started: This page tracks tariff commentary from NYSE and NASDAQ companies with market capitalization above $10 billion, beginning April 2, 2025.