The company said, “Based on announced tariffs and current market conditions, the Company estimates that the direct adverse impact of tariffs, net of mitigation efforts, could be in the range of $1.00 per share for 2025. The Company anticipates that company-wide cost reduction actions will partially offset this impact by up to $0.50 per share. The international trade environment has evolved rapidly and is likely to remain dynamic. The Company’s estimate of the direct impacts of tariffs is based on rates as of our earnings announcement and does not reflect potential future indirect impacts, including lower demand, which are difficult to predict at this time.”
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