Saint-Gobain NA CEO lays out how industry is navigating tariff risk
Construction materials company Saint-Gobain (SGO.PA, CODYY) released its fourth quarter earnings results last week ahead of President Trump's tariffs on Canada, China, and Mexico that took effect at midnight. "So tariffs are clearly an issue because you do have some cross-border trade, of course, in this process. But it's nowhere near as much as other industries that are making products go back and forth," Saint-Gobain North America CEO and president Mark Rayfield tells Julie Hyman and Josh Lipton on Market Domination. Rayfield attributes Saint-Gobain, and its broader materials sector, to navigating some of the tariff pressures due to the fact that not many materials can go very far and are delivered more locally. "The big builders will say we need to manage our cost for some perspective, but they are delinked. I mean, there is a risk that housing prices, which are already at a pretty high affordability aspect for people, will go higher with inflation on products because there are some imported building products and lumber. We don't correlate it to ours. So we aren't looking for a price decrease based on lumber going up." To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Luke Carberry Mogan.
