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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.

American Tower

AMT2025-07-29TelecommunicationsGlobal
Negative

We're watching very closely like everyone else is, is the effect of potential tariffs on some of those supplies because a lot of those components can only be sourced overseas.

Cost Impact
Potential increase in costs due to tariffs affecting supply chain components.

Ares Capital Corporation

ARCC2025-07-29Financial ServicesNorth America
Negative

we are pleased with our profitability and the continued strength of our portfolio, particularly in light of the tariff-related volatility that led to economic uncertainty and reduced investment activity during the second quarter.

Operational Impact
The tariff-related volatility caused economic uncertainty which slowed transaction activity.
Cost Impact
Portfolio companies faced challenges related to tariffs, although mitigations were discussed.

Starbucks

SBUX2025-07-29Food & BeverageGlobal
Negative

Both the tariff environment and coffee prices continue to be dynamic.

Cost Impact
Tariff exposure is expected to affect costs, although mitigated outside of green coffee.

Ecolab

ECL2025-07-29Water, Hygiene and EnergyNorth America
Neutral

Given the dynamic international trade environment, the surcharge coupled with the expertise of our world-class supply chain team enables us to reliably supply our customers while delivering value that exceeds the total price increases.

Cost Impact
Tariffs and trade surcharges influence costs but are being mitigated through effective supply chain management.
Revenue Impact
The implementation of trade surcharges is expected to positively affect pricing and revenue.

Logitech

LOGI2025-07-29TechnologyNorth America
Negative

Despite significant external headwinds, we increased our profitability and generated strong operating cash flow.

Cost Impact
The company experienced a negative impact on gross margin due to tariffs, estimated at approximately 100 basis points.
Revenue Impact
Price increases in response to tariffs are expected to offset some of the tariff impacts but may also lead to temporary share loss.

Mondelez International

MDLZ2025-07-29Food & BeverageNorth America
Negative

If anything, I think the consumer will see the full effect of the tariffs in the second half.

Cost Impact
The tariffs are expected to contribute to increased costs, affecting consumer spending and overall market sentiment.
Revenue Impact
Potential decrease in revenue as consumers react to increases in product pricing due to tariffs.

Seagate Technology

STX2025-07-29TechnologyGlobal
Neutral

Based on our current outlook, we expect minimal tariff-related impacts to the business.

Financial Impact
Management anticipates that tariffs will have little to no significant effect on financial performance.

Boeing

BA2025-07-29AerospaceGlobal
Positive

We are seeing some of these input tariffs resolve through negotiation agreements like the one announced over the weekend between the U.S. and the EU.

Cost Impact
Input tariffs have led to higher costs, but recent trade agreements are helping to mitigate those impacts.
Revenue Impact
Lower tariffs from recent agreements may boost order momentum and enhance the company's competitive position.

Republic Services, Inc.

RSG2025-07-29Waste ManagementNorth America
Negative

Environmental Solutions revenue has been negatively impacted by continued sluggish manufacturing activity, uncertainty around tariff policy and lower event-based volumes.

Revenue Impact
Uncertainty around tariff policy is contributing to lower manufacturing activity, which negatively impacts the company's Environmental Solutions revenue.

Houlihan Lokey

HLI2025-07-29Financial ServicesGlobal
Negative

We remain mindful of the potential headwinds, including tariffs and inflation.

Guidance Impact
Uncertainty regarding tariffs contributes to a cautious outlook on future performance.
🔔Tracking Started: This page tracks tariff commentary from NYSE and NASDAQ companies with market capitalization above $10 billion, beginning April 2, 2025.