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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.

U.S. Bancorp

USB2025-04-16Financial ServicesNorth America
Negative

the allowance this quarter also included some incremental qualitative reserves to reflect increased tariff-induced macroeconomic uncertainty.

Financial Impact
Increased reserves due to uncertainties related to tariffs affecting credit quality.

Fulton Financial Corporation

FULT2025-04-16Financial ServicesNorth America
Negative

We're looking at the credit portfolio. You know, working through, making sure we understand potential tariff impact.

Cost Impact
Potential increase in costs due to tariffs affecting commodity prices and procurement.
Revenue Impact
Concerns about how tariffs may impact growth and margins for certain portfolios.

United Airlines Holdings

UAL2025-04-16AerospaceGlobal
Neutral

We are closely monitoring the potential impact on the prices we would pay for aircraft.

Cost Impact
Potential increase in aircraft purchase costs due to tariffs.
Revenue Impact
No significant direct impact from tariffs relating to aircraft purchases anticipated.

Prologis

PLD2025-04-16Real Estate Investment Trust (REIT)Global
Negative

we would have raised our expectations for 2025. Instead, we are electing to maintain earnings guidance as there are no policy conclusions right now to plan differently

Guidance Impact
Maintaining earnings guidance due to uncertainty from global tariffs
Supply Chain
Instability from tariffs is disrupting logistics and supply chains, slowing decision-making
Cost Impact
Price increases may be passed through to consumers, but margins will still come under pressure

First Horizon

FHN2025-04-16BankingNorth America
Negative

the impacts of tariffs and related policies contribute to a wait-and-see mindset among many.

Operations
Increased uncertainty affecting borrower decision-making and potentially leading to reduced loan activity.
Cost Impact
Potential increased costs for borrowers due to tariffs may impact their ability to invest and borrow.

J.B. Hunt Transport Services, Inc.

JBHT2025-04-15TransportationGlobal
Neutral

We recognize there are a lot of questions right now about how tariffs may impact the market.

Revenue Impact
Tariffs have the potential to impact both supply and demand, leading to uncertain revenue outcomes.
Supply Chain
Customers are considering changes to their country of origin sourcing due to tariff uncertainties.

Citi

C2025-04-15Financial ServicesGlobal
Negative

Well, it would dampen economic activity here in the US and abroad. Cross-border trade flows will change.

Revenue Impact
Persistent high tariffs are expected to negatively affect economic activity and alter cross-border trade.
Supply Chain
Tariffs may require clients to reconfigure their supply chains, leading to increased demand for Citi's services.

The PNC Financial Services Group, Inc.

PNC2025-04-15Financial ServicesGlobal
Negative

If these tariffs are implemented as proposed and remain in effect for an extended period, it's quite possible the probability of a recession will go up.

Guidance Impact
Uncertainty of proposed tariffs may pressure non-interest income throughout the year.
Financial Impact
Potential tariffs could lead to increased economic volatility, affecting client activity and credit quality.

Omnicom Group Inc.

OMC2025-04-15Marketing and AdvertisingGlobal
Negative

As we look at the especially in the next ninety days. And how some of these tariffs and other moves get negotiated or do they stay in place?

Guidance Impact
Uncertainty surrounding tariffs is causing conservatism in revenue guidance adjustments.

Albertsons Companies

ACI2025-04-15GroceryNorth America
Neutral

We procure more than 90% of our products domestically, so that's a very different position than some of the competitive set out there.

Cost Impact
While the majority of products are sourced domestically, there are still impacts from ingredients sourced from tariff-affected areas.
Supply Chain
A task force has been deployed to understand and mitigate the complexities related to tariffs as they evolve.
🔔Tracking Started: This page tracks tariff commentary from NYSE and NASDAQ companies with market capitalization above $10 billion, beginning April 2, 2025.