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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.

Otis Worldwide Corporation

OTIS2025-04-23ManufacturingNorth America
Negative

If tariffs on our Chinese imports continue at current levels for the remainder of the year, we expect a negative impact of approximately $45 to $75 million to our operating profit in 2025 inclusive of our mitigation efforts.

Financial Impact
Anticipated negative impact on operating profit due to tariffs on products and components imported from China.

Renasant Corporation

RNST2025-04-23Financial ServicesGlobal
Neutral

We continue to have ongoing conversations with each of our opportunities, each of our customers to see what the impact of them individually is because each one is going to be a little bit different.

Operations
Ongoing assessment of customer exposure to tariffs and potential economic impacts.
Strategy
Developing contingency plans based on the assessment of tariff impacts.

Veritex Holdings

VBTX2025-04-23BankingNorth America
Negative

the combination of the key factors in the economic forecast weighting gives Veritex a very conservative allowance result.

Financial Impact
Economic uncertainty from tariffs has affected the company's conservative approach to financial allowances.

Baker Hughes

BKR2025-04-23EnergyGlobal
Negative

We estimate a net EBITDA impact in the range of $100 million to $200 million.

Financial Impact
Anticipated direct and revenue-related financial impacts due to tariffs.
Cost Impact
Increased costs tied to imports from China, Germany, and the U.K. due to tariff implications.
Revenue Impact
Potential reduction in revenues from U.S. exports to China affected by new trade policies.

QCR Holdings, Inc.

QCRH2025-04-23BankingNorth America
Neutral

We went and did a credit by credit analysis of all of our largest commercial borrowers and looked at tariff exposure.

Operations
Clients are pausing capital decisions due to uncertainty related to tariffs.

Steel Dynamics

STLD2025-04-23MetalsNorth America
Positive

The tariffs, risk mitigation to address numerous supply chain dislocations of accelerated reshoring and manufacturing.

Revenue Impact
The tariffs are expected to positively impact demand for lower carbon emission US-produced steel products.
Supply Chain
Tariffs are seen as beneficial for mitigating imports of unfairly priced coated flat roll products.

West Fraser

WFG2025-04-23Building MaterialsNorth America
Negative

we are now dealing with the uncertainty of tariffs and their potential inflationary effects that have the potential to affect future demand for our wooden building products.

Cost Impact
Tariffs may lead to increased costs, influencing pricing and demand for wooden building products.
Guidance Impact
The evolving tariff policies may require revisions to the company's guidance forecasts for 2025.

Trustmark Corporation

TRMK2025-04-23Financial ServicesNorth America
Neutral

we are intently monitoring the impact of tariffs and other administrative policies on our customer base, interest rates and credit related issues, we feel it is early in the process and we have not yet seen an immediate impact.

Guidance Impact
The company is watching for potential effects of tariffs on loan growth and customer behavior but has not yet observed any significant changes.

Chubb Limited

CB2025-04-23InsuranceNorth America
Negative

We are mindful of a potential impact tariffs could have on short-tail lines of business and are watching closely.

Operations
Tariffs could affect pricing and demand for property insurance, leading to adjustments in underwriting strategies.
Cost Impact
Higher tariffs may contribute to increased inflation, impacting construction and reconstruction costs.

Range Resources

RRC2025-04-23EnergyGlobal
Positive

Regardless of how the tariff dust settles here in the weeks or months ahead, we see demand remaining relatively strong.

Cost Impact
Potential shifts in pricing due to tariffs may affect transportation costs, but the company maintains a favorable market position.
Revenue Impact
Access to diverse markets helps mitigate potential revenue loss from tariff impacts.
🔔Tracking Started: This page tracks tariff commentary from NYSE and NASDAQ companies with market capitalization above $10 billion, beginning April 2, 2025.