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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.

Agree Realty

ADC2025-04-23Real Estate Investment TrustNorth America
Positive

We remain confident it will be tariff resistant.

Strategy
The company believes that its focus on necessity-based retailers positions it well to benefit from a tariff environment.
Supply Chain
Retailers in the portfolio have the scale to mitigate higher input costs, including those impacted by tariffs.

EQT

EQT2025-04-23EnergyNorth America
Negative

we still have not seen activity pick up and believe any activity additions will be disproportionately impacted by tariff-driven inflation.

Cost Impact
Tariff-driven inflation could increase operating costs for EQT, affecting profitability.

Zurn Elkay Water Solutions Corporation

ZWS2025-04-23Capital GoodsNorth America
Neutral

We had a solid Q1, little to no impact on the Q1 results from the implementation of tariffs.

Cost Impact
Expected tariff cost impact before any price adjustments for 2025 is between $45 million and $55 million.
Supply Chain
Implemented a multiyear strategy to significantly reduce exposure to China; by 2026, only 2% to 3% of COGS will come from China.
Revenue Impact
Price increases announced to recover incremental costs associated with tariffs.

PulteGroup Inc.

PHM2025-04-22ConstructionNorth America
Negative

Proposed tariffs have the potential to add thousands of dollars to the cost of construction.

Cost Impact
Tariffs are expected to increase construction costs by approximately 1% of average selling price.
Guidance Impact
Expected gross margins in the back half reflect the estimated impact of tariffs that have been imposed.

Invesco Ltd.

IVZ2025-04-22Financial ServicesAsia Pacific
Negative

Clearly, the most recent heightened trade tensions have created an overhang on the domestic Chinese economy

Revenue Impact
Heightened trade tensions affecting economic conditions in China may hinder revenue growth from domestic operations.

Iridium Communications

IRDM2025-04-22Satellite CommunicationsGlobal
Negative

We estimate that the current U.S. trade policies based upon a minimum tariff of 10% for Thailand, would result in approximately $3 million of incremental cost to Iridium this year.

Cost Impact
The implementation of tariffs is expected to increase costs by approximately $3 million in 2025.
Cost Impact
If tariffs revert to originally proposed levels of 36%, costs could increase by $6 million to $7 million.
Guidance Impact
Uncertainty regarding tariffs may affect financial guidance and operational EBITDA projections.

Capital One

COF2025-04-22Financial ServicesNorth America
Negative

We think if tariffs are -- if the tariff wars sort of really continue on, the auto business is I think might be really quite impacted because the immediate effect would be an almost certain increase in vehicle prices.

Cost Impact
Higher vehicle prices due to tariffs could lead to increased costs for consumers and potentially lower demand for auto loans.
Revenue Impact
Increased vehicle prices may reduce consumer demand, impacting loan origination volumes and revenue growth.
Credit Risk
Higher vehicle prices could affect credit performance for new originations while improving recovery rates for existing loans.

Hope Bancorp

HOPE2025-04-22BankingNorth America
Negative

there's a lot of uncertainty around the tariff environment and things like that.

Financial Impact
Potential stress on borrowers due to tariffs leading to cautious monitoring of asset quality.

Old National Bancorp

ONB2025-04-22BankingGlobal
Negative

we took the opportunity to increase our allowance for credit loss, incorporating global trade and economic uncertainty in our reserve level.

Financial Impact
Increased credit loss reserves due to uncertainty from global trade.

Tesla

TSLA2025-04-22AutomotiveNorth America
Negative

Tariffs are still tough on a company when margins are still low.

Cost Impact
Increased costs due to tariffs affecting profitability, particularly on low volume platforms.
Revenue Impact
Potential decrease in sales volume due to elevated prices from tariff impacts.
Supply Chain
Ongoing efforts to localize supply chains have provided some insulation against tariffs but not complete immunity.
Financial Impact
Projected increase in capital expenditures influenced by the cost of bringing equipment from outside the US.
🔔Tracking Started: This page tracks tariff commentary from NYSE and NASDAQ companies with market capitalization above $10 billion, beginning April 2, 2025.