r3volution 3.0
10-27-2018, 05:55 PM
https://www.bloomberg.com/graphics/tariff-tracker/
Losers
United Technologies: Expects 5-cent/share headwind this year, offset by price increases, and 15 cents next year. Much of the impact is in imported climate-control and safety equipment like carbon monoxide detectors.
Harley-Davidson: Harley executives said they should be ready by early next year to share plans to mitigate the impact of tariffs that will cost the company as much as $48 million in 2018.
3M Co.: The maker of industrial, safety, health-care and consumer products sees $100 million in ``headwinds’’ from tariffs but has been able to compensate by raising prices. The negative full-year drag of raw-material costs is seen now at 15 cents a share, more than prior range of as much as 10 cents.
Caterpillar: Shares tumbled after the construction equipment maker warned of rising costs. Tariff impact was about $40 million in third quarter; full-year effect is seen at the low-end of the range of $100 million to $200 million.
Polaris: Maker of motorcycles and snow machines said suppliers must help offset tariff costs if they want to keep doing business with Polaris. Left its guidance for 2018 tariff costs unchanged at $40 million.
Tile Shop: The rtile and flooring retailer gets half of its products from Asia and may cut that to 25 percent. Tariffs are a threat to its gross margin target of about 70 percent, especially if the current 10 percent tariff rises to 25 percent in January.
Walmart: The giant retailer said tariffs are a threat to its efforts to be a low-price leader, and while it’s working to monitor margins, it’s possible some prices might rise. One-third of its goods come from outside the U.S.
Panasonic: The Japanese maker of products including solar panels and electric-vehicle batteries may consider moving some production out of China. The U.S.-China trade dispute will have “significant” impact on Panasonic, said Yoshio Ito, the head of its automotive business.
Ford: Ford CEO Jim Hackett said tariffs on metals “took about $1 billion in profit from us.”
BMW: Trade conflicts are “feeding uncertainty,” hurting prices in several markets; sales, profit, margin forecasts cut.
BP: BP sees impact of about $100 million in the U.S. due to increased costs for steel, CEO Bob Dudley said.
Samsonite: Wholesale buyers notified in a letter than a 10 percent price increase is imminent if the U.S. follows through with tariffs on Chinese goods on Sept. 24
Volvo Cars: The Swedish car company, owned by Zhejiang Geely Holding Group Co., delayed a planned IPO amid trade tensions. China’s retaliatory tariffs against the U.S. are disrupting plans to export cars to China from a new factory South Carolina.
Walmart: In a letter to the U.S. Trade Representative, Walmart warns that the duties to be imposed Sept. 24 in the U.S. and China will raise prices for consumers and hurt profit margins for retailers and suppliers
Giant Manufacturing: A 10 percent tariff would cost the industry an additional $100 million, and that figure would rise to $250 million if the duty rises to 25 percent, the company told the U.S. Trade Representative in a letter.
Wilmar International: Company says trade tensions between the U.S. and China improved short-term crush margins, contributing to a jump in second-quarter profit. Still, it warned that a prolonged dispute would negatively impact margins due to lower plant utilization.
Yamaha Motor: Sees several hundred million yen in negative impact starting next quarter from U.S. tariffs on Chinese-made engines; sees 1 billion yen impact on U.S.-made boats exported to Canada and Europe starting next summer.
Newell Brands: Maker of Rubbermaid containers, Crock-Pot and Sunbeam appliances, and Graco infant gear estimates $100 million annualized impact
Toyota: Said U.S. steel and aluminum tariffs cut full-year profit outlook by 10 billion yen ($90 million) and that any more levies would hurt its profit and sales outlook; on July 20 its North American chief said carmaker may have to stop importing some vehicles because of proposed U.S. tariffs
Bunge: Posted a surprise loss after a wrong bullish bet on Chicago soybean futures, made on mistaken prediction the trade dispute would be brief and China would return as a buyer
ArcelorMittal: The world’s largest steelmaker trader reported the highest profit in seven years after tariffs on imports boosted prices for production for the company’s U.S. plants
Steve Madden: CEO predicts handbag prices will rise for U.S. consumers and weighs shifting production to Cambodia from China.
Stelco Holdings: Canadian steelmaker pegs cost of tariffs at C$11 million ($8.45 million) in the second quarter
Cummins: Lowered EBITDA forecast in part on expectation of $100 million in tariff-related higher costs in the second half
SunPower: Paid $17 million for tariffs in first half and expects $51 million in second half -- more than it spends on R&D; says it may exit some businesses and cut jobs
Daimler: Cut profit forecast on U.S.-China trade fight
Caterpillar: Will boost prices to offset an expected $100 million to $200 million jump in tariff-related material costs in the second half.
BMW: BMW raised suggested retail prices of its X5 and X6 SUVs in China by 4% to 7%. The carmaker previously warned it wouldn’t be able to absorb China’s tariff increase completely.
Tyson Foods: Cut fiscal 2018 profit forecast to as low as $5.70 a share from range of $6.55-$6.70, citing tariffs’ negative effect on domestic and export prices, mainly for chicken and pork
Eastman Chemical: Put a hold on a five-year effort to sell ethylene plants in Texas as prices fall and China erects barriers
Schneider Electric: Tariffs on imports to the U.S. could affect earnings by as much as $23 million this year.
Hyundai Motor: Company is trying to minimize risks related to the potential U.S. tariff on imported cars and parts, and may increase local production of SUVs. Hyundai previously warned that the tax would be devastating and push up production costs at its Alabama plant by 10% a year.
Fiat Chrysler: Fiat cut profit and revenue targets partly because Maserati buyers delayed purchases due to China’s import duty
General Motors: Cut forecast for year on surging prices for steel and aluminum as tariffs stoke demand. Could be forced to cut U.S. jobs if tariffs are applied to imported vehicles and auto parts.
Ford: Carmaker says it may incur as much as $300 million in extra costs this year due to escalating Chinese tariffs; Ford says it took a $300 million hit in the quarter because of pricier commodities such as steel and aluminum, whose costs have also been inflated by tariffs.
Coca-Cola: Raised prices for soda and other beverages to offset higher costs for freight shipments and metals used in its bottling systems.
Whirlpool: Cites rising cost of raw materials contributing $50 million to $100 million to previous forecast for input-cost increases this year
Hexcel: Aerospace materials supplier expects a tariff impact of $2 million to $3 million on an annual basis related to imports from China.
Harley-Davidson: Cuts profit margin forecast for year. Earlier had announced plans to move production overseas, amid EU tariff costs of $100 million annually
Plains All American Pipeline: Company says tariffs will lead to an additional $40 million in the construction of a pipeline in the largest North American oil field.
Philips: CEO says company will raise prices on products such as hair clippers imported from China if the U.S. imposes tariffs
Illinois Tool Works: Tariffs seen representing about 10 percent to 15 percent of the higher cost of materials in 2018 for the maker of equipment for restaurants, medical labs and oil rigs
Lincoln Electric: Maker of welding equipment and supplies is raising prices on so-called consumables via surcharges instead of permanent hikes because it’s not clear how long tariffs will be in place
Lennox International: Maker of air conditioners forecasts $5 million in costs in 2018 from tariffs and is raising prices to offset the expenses
Stanley Black & Decker: Estimates $35 million impact in 2018 from tariffs already implemented; projects up to $80 million a year in costs from Trump’s proposal for $200 billion additional China tariffs including vacuums, hand tools, power tool accessories. Plans price increases to offset.
General Electric: Sees as much as $400 million a year in impact from current and proposed tariffs, though about half could be offset by credits for exports to China. May adjust supply chain to mitigate effects.
Gentex: Maker of rearview mirrors for cars cut its annual gross margin forecast, citing increased raw material costs of as much as $8 million in the second half linked to imports from China.
Saudi Aramco: Raised prices for butane and propane as Chinese companies are buying more LPG from the Saudi state-run producer and cutting imports from the U.S.
PPG Industries: Maker of coatings for manufacturing, automotive industries says tariffs adding “modest cost” to raw materials, especially for tinplate used for paint cans.
Sonoco: Maker of packaging materials, including pull tabs for canned food, projects as much as $9 million in tariff costs in second half of the year, plans price hike on some products.
Alfa: Owner of processed-foods maker Sigma switched to Canadian, European and South American suppliers from the U.S. to avoid tariff.
Electrolux: Expects $10 million in added second-half costs from parts imported to U.S. and higher steel and aluminum prices.
Alcoa: Cut profit forecast ranges by $500 million, citing tariffs on aluminum it imports from Canada along with higher energy costs and lower market prices
Procter & Gamble: Cites ‘meaningful’ impact of tariffs on a handful of products in Canada, which accounts for 3% of global sales
Kloeckner: Steel trader raises earnings forecast on higher U.S. prices.
Suntory Holdings: The owner of Jim Beam bourbon whiskey, produced in Kentucky, says it must consider raising prices next year if EU tariffs on U.S. products continue.
Osram: Trade tensions will weaken sales of automotive lighting parts
Volvo Cars: Owner Li Shufu says cars will cost more as trade wars escalate
Brown-Forman: Raised Jack Daniel’s prices in light of EU tariffs
MillerCoors: Brewer says profit could fall by $40 million depending on how much aluminum prices rise
Winners
Covanta: U.S. tariffs on imported steel helped raise its revenue forecast for metal it recycles from waste by $10 a ton, to $145-$175.
Nucor: Credits tariff for higher prices and demand, sees more than doubling investments to $1 billion in 2018.
CSX: Rail operator sees positive effect on both steel and ore shipments as U.S. steelmakers add production
Ryerson: Metal processor’s sales guidance exceeds estimates in part because of higher anticipated demand from inventory dislocations tied to tariffs.
Losers
United Technologies: Expects 5-cent/share headwind this year, offset by price increases, and 15 cents next year. Much of the impact is in imported climate-control and safety equipment like carbon monoxide detectors.
Harley-Davidson: Harley executives said they should be ready by early next year to share plans to mitigate the impact of tariffs that will cost the company as much as $48 million in 2018.
3M Co.: The maker of industrial, safety, health-care and consumer products sees $100 million in ``headwinds’’ from tariffs but has been able to compensate by raising prices. The negative full-year drag of raw-material costs is seen now at 15 cents a share, more than prior range of as much as 10 cents.
Caterpillar: Shares tumbled after the construction equipment maker warned of rising costs. Tariff impact was about $40 million in third quarter; full-year effect is seen at the low-end of the range of $100 million to $200 million.
Polaris: Maker of motorcycles and snow machines said suppliers must help offset tariff costs if they want to keep doing business with Polaris. Left its guidance for 2018 tariff costs unchanged at $40 million.
Tile Shop: The rtile and flooring retailer gets half of its products from Asia and may cut that to 25 percent. Tariffs are a threat to its gross margin target of about 70 percent, especially if the current 10 percent tariff rises to 25 percent in January.
Walmart: The giant retailer said tariffs are a threat to its efforts to be a low-price leader, and while it’s working to monitor margins, it’s possible some prices might rise. One-third of its goods come from outside the U.S.
Panasonic: The Japanese maker of products including solar panels and electric-vehicle batteries may consider moving some production out of China. The U.S.-China trade dispute will have “significant” impact on Panasonic, said Yoshio Ito, the head of its automotive business.
Ford: Ford CEO Jim Hackett said tariffs on metals “took about $1 billion in profit from us.”
BMW: Trade conflicts are “feeding uncertainty,” hurting prices in several markets; sales, profit, margin forecasts cut.
BP: BP sees impact of about $100 million in the U.S. due to increased costs for steel, CEO Bob Dudley said.
Samsonite: Wholesale buyers notified in a letter than a 10 percent price increase is imminent if the U.S. follows through with tariffs on Chinese goods on Sept. 24
Volvo Cars: The Swedish car company, owned by Zhejiang Geely Holding Group Co., delayed a planned IPO amid trade tensions. China’s retaliatory tariffs against the U.S. are disrupting plans to export cars to China from a new factory South Carolina.
Walmart: In a letter to the U.S. Trade Representative, Walmart warns that the duties to be imposed Sept. 24 in the U.S. and China will raise prices for consumers and hurt profit margins for retailers and suppliers
Giant Manufacturing: A 10 percent tariff would cost the industry an additional $100 million, and that figure would rise to $250 million if the duty rises to 25 percent, the company told the U.S. Trade Representative in a letter.
Wilmar International: Company says trade tensions between the U.S. and China improved short-term crush margins, contributing to a jump in second-quarter profit. Still, it warned that a prolonged dispute would negatively impact margins due to lower plant utilization.
Yamaha Motor: Sees several hundred million yen in negative impact starting next quarter from U.S. tariffs on Chinese-made engines; sees 1 billion yen impact on U.S.-made boats exported to Canada and Europe starting next summer.
Newell Brands: Maker of Rubbermaid containers, Crock-Pot and Sunbeam appliances, and Graco infant gear estimates $100 million annualized impact
Toyota: Said U.S. steel and aluminum tariffs cut full-year profit outlook by 10 billion yen ($90 million) and that any more levies would hurt its profit and sales outlook; on July 20 its North American chief said carmaker may have to stop importing some vehicles because of proposed U.S. tariffs
Bunge: Posted a surprise loss after a wrong bullish bet on Chicago soybean futures, made on mistaken prediction the trade dispute would be brief and China would return as a buyer
ArcelorMittal: The world’s largest steelmaker trader reported the highest profit in seven years after tariffs on imports boosted prices for production for the company’s U.S. plants
Steve Madden: CEO predicts handbag prices will rise for U.S. consumers and weighs shifting production to Cambodia from China.
Stelco Holdings: Canadian steelmaker pegs cost of tariffs at C$11 million ($8.45 million) in the second quarter
Cummins: Lowered EBITDA forecast in part on expectation of $100 million in tariff-related higher costs in the second half
SunPower: Paid $17 million for tariffs in first half and expects $51 million in second half -- more than it spends on R&D; says it may exit some businesses and cut jobs
Daimler: Cut profit forecast on U.S.-China trade fight
Caterpillar: Will boost prices to offset an expected $100 million to $200 million jump in tariff-related material costs in the second half.
BMW: BMW raised suggested retail prices of its X5 and X6 SUVs in China by 4% to 7%. The carmaker previously warned it wouldn’t be able to absorb China’s tariff increase completely.
Tyson Foods: Cut fiscal 2018 profit forecast to as low as $5.70 a share from range of $6.55-$6.70, citing tariffs’ negative effect on domestic and export prices, mainly for chicken and pork
Eastman Chemical: Put a hold on a five-year effort to sell ethylene plants in Texas as prices fall and China erects barriers
Schneider Electric: Tariffs on imports to the U.S. could affect earnings by as much as $23 million this year.
Hyundai Motor: Company is trying to minimize risks related to the potential U.S. tariff on imported cars and parts, and may increase local production of SUVs. Hyundai previously warned that the tax would be devastating and push up production costs at its Alabama plant by 10% a year.
Fiat Chrysler: Fiat cut profit and revenue targets partly because Maserati buyers delayed purchases due to China’s import duty
General Motors: Cut forecast for year on surging prices for steel and aluminum as tariffs stoke demand. Could be forced to cut U.S. jobs if tariffs are applied to imported vehicles and auto parts.
Ford: Carmaker says it may incur as much as $300 million in extra costs this year due to escalating Chinese tariffs; Ford says it took a $300 million hit in the quarter because of pricier commodities such as steel and aluminum, whose costs have also been inflated by tariffs.
Coca-Cola: Raised prices for soda and other beverages to offset higher costs for freight shipments and metals used in its bottling systems.
Whirlpool: Cites rising cost of raw materials contributing $50 million to $100 million to previous forecast for input-cost increases this year
Hexcel: Aerospace materials supplier expects a tariff impact of $2 million to $3 million on an annual basis related to imports from China.
Harley-Davidson: Cuts profit margin forecast for year. Earlier had announced plans to move production overseas, amid EU tariff costs of $100 million annually
Plains All American Pipeline: Company says tariffs will lead to an additional $40 million in the construction of a pipeline in the largest North American oil field.
Philips: CEO says company will raise prices on products such as hair clippers imported from China if the U.S. imposes tariffs
Illinois Tool Works: Tariffs seen representing about 10 percent to 15 percent of the higher cost of materials in 2018 for the maker of equipment for restaurants, medical labs and oil rigs
Lincoln Electric: Maker of welding equipment and supplies is raising prices on so-called consumables via surcharges instead of permanent hikes because it’s not clear how long tariffs will be in place
Lennox International: Maker of air conditioners forecasts $5 million in costs in 2018 from tariffs and is raising prices to offset the expenses
Stanley Black & Decker: Estimates $35 million impact in 2018 from tariffs already implemented; projects up to $80 million a year in costs from Trump’s proposal for $200 billion additional China tariffs including vacuums, hand tools, power tool accessories. Plans price increases to offset.
General Electric: Sees as much as $400 million a year in impact from current and proposed tariffs, though about half could be offset by credits for exports to China. May adjust supply chain to mitigate effects.
Gentex: Maker of rearview mirrors for cars cut its annual gross margin forecast, citing increased raw material costs of as much as $8 million in the second half linked to imports from China.
Saudi Aramco: Raised prices for butane and propane as Chinese companies are buying more LPG from the Saudi state-run producer and cutting imports from the U.S.
PPG Industries: Maker of coatings for manufacturing, automotive industries says tariffs adding “modest cost” to raw materials, especially for tinplate used for paint cans.
Sonoco: Maker of packaging materials, including pull tabs for canned food, projects as much as $9 million in tariff costs in second half of the year, plans price hike on some products.
Alfa: Owner of processed-foods maker Sigma switched to Canadian, European and South American suppliers from the U.S. to avoid tariff.
Electrolux: Expects $10 million in added second-half costs from parts imported to U.S. and higher steel and aluminum prices.
Alcoa: Cut profit forecast ranges by $500 million, citing tariffs on aluminum it imports from Canada along with higher energy costs and lower market prices
Procter & Gamble: Cites ‘meaningful’ impact of tariffs on a handful of products in Canada, which accounts for 3% of global sales
Kloeckner: Steel trader raises earnings forecast on higher U.S. prices.
Suntory Holdings: The owner of Jim Beam bourbon whiskey, produced in Kentucky, says it must consider raising prices next year if EU tariffs on U.S. products continue.
Osram: Trade tensions will weaken sales of automotive lighting parts
Volvo Cars: Owner Li Shufu says cars will cost more as trade wars escalate
Brown-Forman: Raised Jack Daniel’s prices in light of EU tariffs
MillerCoors: Brewer says profit could fall by $40 million depending on how much aluminum prices rise
Winners
Covanta: U.S. tariffs on imported steel helped raise its revenue forecast for metal it recycles from waste by $10 a ton, to $145-$175.
Nucor: Credits tariff for higher prices and demand, sees more than doubling investments to $1 billion in 2018.
CSX: Rail operator sees positive effect on both steel and ore shipments as U.S. steelmakers add production
Ryerson: Metal processor’s sales guidance exceeds estimates in part because of higher anticipated demand from inventory dislocations tied to tariffs.