Dafinchi AI

Avery Dennison Corporation

AVY

Industrial

3w

Impact of Trade Policy and Tariffs on Business Operations

Trade policy changes throughout the quarter had both direct and indirect impacts, including a $0.10 per share negative effect from tariffs.
The company actively mitigated increased costs through strategic sourcing adjustments and pricing surcharges.
Tariffs affected sourcing demand, especially in apparel and retail categories, leading to network adjustments and cost efficiencies.
Trade policy uncertainty remains a key factor influencing near-term growth, particularly in apparel sourcing and intelligent label platforms linked to retail categories.

Snap-on Incorporated

SNA

Industrial

3w

Impact of Tariffs and Trade Policies on Operations and Margins

Management highlighted effective mitigation of tariff impacts, with no meaningful effect on gross margins despite volatile trade policies.
Foreign currency transaction effects and tariffs, especially in Asia, caused about 50 basis points of unfavorable impact on gross margins.
Management emphasized the importance of making products in markets where they are sold to resist tariffs and trade disruptions.

Johnson Controls International plc

JCI

Industrial

2w

Financial Performance Summary

Adjusted EPS grew 11% year-over-year, exceeding the high end of guidance at $1.05 per share.
Disciplined cost management and strategic pricing helped maintain healthy margins despite tariff impacts.
Margins improved in EMEA by 100 basis points to 14.1%, APAC by 70 basis points to 19.4%, and Americas by 10 basis points to 18.5%.
Orders grew 2%, led by strength in the Americas and offset by softness in China; backlog grew 11% to $14.6 billion.
Organic sales grew 6% in Q3 2025, with segment margins expanding 20 basis points to 17.6%.
Regional sales growth: Americas up 7% organically, EMEA up 4%, APAC up 6%, with strong service growth in EMEA and APAC.
Year-to-date adjusted free cash flow nearly doubled to $1.8 billion, with net debt declining to 2.5x within target range.

Ardagh Metal Packaging S.A.

AMBP

Industrial

2w

Resilience and Growth in Beverage Can Market Despite Macroeconomic Uncertainty

Global shipments increased by 5% in Q2 2025, with 18% adjusted EBITDA growth, ahead of guidance.
Strong volume growth driven by Americas, benefiting from innovation and share gains.
Minimal impact expected from tariff measures announced, indicating resilience of beverage can demand.

MMM

Industrial

3w

Accelerated New Product Launches and Innovation Pipeline

Launched 64 new products in Q2, up 70% YoY, with a total of 126 in the first half.
On track to exceed the annual target of $2.15 billion in new product sales.
5-year new product sales bottomed last year, up 9% in H1, tracking to over 15% for the year.
Management emphasized increased cadence, discipline, and higher launch schedule attainment, with a focus on innovation excellence.

The Manitowoc Company, Inc.

MTW

Industrial

5d

Impact of Tariffs on Manitowoc's Demand and Pricing Strategy

Management revised the full-year tariff impact estimate from $60 million to $35 million due to lower purchases and tariff mix changes.
The company expects to mitigate 90% of tariff costs primarily through targeted price increases on affected models.
Tariffs are causing significant demand uncertainty, especially in the U.S., leading customers to delay new orders.
The impact of tariffs on demand is expected to be more pronounced in the next 6 months, with customers managing fleet and inventory cautiously.
Despite a lower overall tariff impact, management remains cautious due to price elasticity concerns and potential demand suppression.
Tariff effects are being carefully targeted based on detailed HTS code analysis for each component, rather than broad application.