Dafinchi AI

TSE

Industrial

5d

Impact of Trade Uncertainty and Tariffs on Demand

Frank Bozich highlighted that trade uncertainty, especially after April tariff announcements in the U.S., led to high order cancellations early in Q2, dampening seasonal demand.
Management noted that cancellations decreased significantly during the quarter, but the overall demand remained weaker than expected due to geopolitical and trade risks.
The company believes that resolution of trade uncertainties could unlock demand, with potential demand recovery driven by improved trade policies and geopolitical stability.

The Manitowoc Company, Inc.

MTW

Industrial

6d

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.

Universal Logistics Holdings, Inc.

ULH

Industrial

2w

Impact of Tariffs on Intermodal and Automotive Production in 2Q 2025

Tariffs caused a volume falloff in the Intermodal division, especially from discount retailers sourcing from China, with effects lasting through June.
Automotive production was minimally impacted, with automakers making strategic sourcing decisions.
Management expects some cyclical uplift in 3Q, with pent-up demand from retailers potentially boosting volumes.
Uncertainty remains on future tariff impacts and import trends for the rest of the year.

Cavco Industries, Inc.

CVCO

Industrial

1w

Strategic Production Adjustment Amid Market Uncertainty

Cavco increased production to capitalize on positive order trends, but deliberately held back in some regions due to market uncertainty.
The Southeast region showed a slight lag in orders and a drop in backlog, prompting close monitoring of production levels.
Management emphasized flexibility in adjusting production down if demand weakens, reflecting a cautious approach to market volatility.

KAI

Industrial

2w

Impact of Global Trade Policies and Tariffs on Business Operations

Trade policy uncertainty and evolving tariffs, especially on steel imports and Chinese tariffs, significantly impact project timing and costs.
Tariffs on steel increased from 25% to 50% in June, affecting costs and supplier negotiations.
China tariffs reduced from 145% to 30% in May, offering some mitigation opportunities.
Market uncertainty caused customers to delay capital equipment orders, affecting revenue recognition and cost planning.
Management emphasizes ongoing efforts to mitigate tariff impacts through supplier negotiations, cost sharing, and manufacturing adjustments.