Corporate Conference Calls & Tariffs
Paul Grant Truesdell, J.D., AIF, CLU, ChFC, RFC
Founder & CEO of The Truesdell Companies
The Truesdell Professional Building
200 NW 52nd Avenue
Ocala, Florida 34482
352-612-1000 - Local
212-433-2525 - New York
Truesdell Wealth, Inc.
https://truesdellwealth.com
The Truesdell Companies
https://truesdell.net
The Paul Truesdell Podcast:
- Apple | https://podcasts.apple.com/us/podcast/the-paul-truesdell-podcast/id1586024560
- Spotify | https://open.spotify.com/show/2BYDLetiMboIGRFPjIkglJ
- Transistor | https://thepaultruesdellpodcast.transistor.fm/episodes
LinkedIn: https://www.linkedin.com/in/paul-grant-truesdell?lipi=urn%3Ali%3Apage%3Ad_flagship3_profile_view_base_contact_details%3BUuNTfp3aQRyLPjGywquQRQ%3D%3D
The Truesdell Companies is a proud sponsor of the Eirinn Abu benefit concert for Tunnel to Towers, on February 28th at the Circle Square arena in Ocala, Florida. For more information, visit: https://eirinnabu.com or https://eirinnabu.com/event/5760795/695871447/eirinn-abu-and-tunnel-to-towers-foundation-concert
ROUGH TRANSCRIPT
What is a Tariff?
And Why Are So Many Companies Talking About It?
A tariff is a tax that a government places on goods coming into the country from another country. The goal of tariffs is usually to protect businesses within the country by making imported goods more expensive, encouraging people to buy locally made products instead. However, tariffs can also raise costs for companies that rely on imported materials, which can lead to higher prices for consumers.
Why Are Tariffs a Big Deal Right Now?
Every quarter, companies in the S&P 500 (the largest U.S. companies) hold conference calls to discuss their earnings and business challenges. One of the hot topics this quarter? Tariffs.
Since former President Donald Trump introduced new tariffs on China—and hinted at possible tariffs on Canada, Mexico, and other countries—businesses have been paying close attention. Many companies worry that these tariffs could affect their costs, profits, and future plans.
How Many Companies Are Talking About Tariffs?
A recent FactSet search looked at earnings call transcripts from December 15 to February 6. Out of 291 companies that held earnings calls, 146 mentioned "tariffs"—the highest number since 2019. If this trend continues, this quarter might break the 10-year record for the most tariff-related discussions.
Which Industries Are Most Affected?
Some industries are feeling the pressure more than others:
- Industrials (39 companies mentioned tariffs) – These include businesses that make things like machinery, airplanes, and tools.
- Materials (82% mentioned tariffs) – Companies that produce raw materials, such as metals, chemicals, and paper, are especially impacted.
- Utilities (80% mentioned tariffs) – These companies provide electricity, water, and gas.
What Are Companies Saying About Tariffs?
Most businesses are uncertain about how tariffs will impact them. Some companies said they couldn’t estimate the financial effects yet, while others adjusted their business forecasts because of tariff concerns.
- 30 companies left tariffs out of their financial predictions.
- 21 companies included tariffs in their forecasts but couldn’t say exactly how much they would be affected.
For now, businesses are keeping a close eye on government policies, as changes in tariffs could mean major shifts in costs and profits.
Founder & CEO of The Truesdell Companies
The Truesdell Professional Building
200 NW 52nd Avenue
Ocala, Florida 34482
352-612-1000 - Local
212-433-2525 - New York
Truesdell Wealth, Inc.
https://truesdellwealth.com
The Truesdell Companies
https://truesdell.net
The Paul Truesdell Podcast:
- Apple | https://podcasts.apple.com/us/podcast/the-paul-truesdell-podcast/id1586024560
- Spotify | https://open.spotify.com/show/2BYDLetiMboIGRFPjIkglJ
- Transistor | https://thepaultruesdellpodcast.transistor.fm/episodes
LinkedIn: https://www.linkedin.com/in/paul-grant-truesdell?lipi=urn%3Ali%3Apage%3Ad_flagship3_profile_view_base_contact_details%3BUuNTfp3aQRyLPjGywquQRQ%3D%3D
The Truesdell Companies is a proud sponsor of the Eirinn Abu benefit concert for Tunnel to Towers, on February 28th at the Circle Square arena in Ocala, Florida. For more information, visit: https://eirinnabu.com or https://eirinnabu.com/event/5760795/695871447/eirinn-abu-and-tunnel-to-towers-foundation-concert
ROUGH TRANSCRIPT
What is a Tariff?
And Why Are So Many Companies Talking About It?
A tariff is a tax that a government places on goods coming into the country from another country. The goal of tariffs is usually to protect businesses within the country by making imported goods more expensive, encouraging people to buy locally made products instead. However, tariffs can also raise costs for companies that rely on imported materials, which can lead to higher prices for consumers.
Why Are Tariffs a Big Deal Right Now?
Every quarter, companies in the S&P 500 (the largest U.S. companies) hold conference calls to discuss their earnings and business challenges. One of the hot topics this quarter? Tariffs.
Since former President Donald Trump introduced new tariffs on China—and hinted at possible tariffs on Canada, Mexico, and other countries—businesses have been paying close attention. Many companies worry that these tariffs could affect their costs, profits, and future plans.
How Many Companies Are Talking About Tariffs?
A recent FactSet search looked at earnings call transcripts from December 15 to February 6. Out of 291 companies that held earnings calls, 146 mentioned "tariffs"—the highest number since 2019. If this trend continues, this quarter might break the 10-year record for the most tariff-related discussions.
Which Industries Are Most Affected?
Some industries are feeling the pressure more than others:
- Industrials (39 companies mentioned tariffs) – These include businesses that make things like machinery, airplanes, and tools.
- Materials (82% mentioned tariffs) – Companies that produce raw materials, such as metals, chemicals, and paper, are especially impacted.
- Utilities (80% mentioned tariffs) – These companies provide electricity, water, and gas.
What Are Companies Saying About Tariffs?
Most businesses are uncertain about how tariffs will impact them. Some companies said they couldn’t estimate the financial effects yet, while others adjusted their business forecasts because of tariff concerns.
- 30 companies left tariffs out of their financial predictions.
- 21 companies included tariffs in their forecasts but couldn’t say exactly how much they would be affected.
For now, businesses are keeping a close eye on government policies, as changes in tariffs could mean major shifts in costs and profits.