Question · Q1 2025
Asked about tariff mitigation efforts beyond pricing, such as vendor negotiations, and inquired about capital allocation plans for the cash infusion from the PIEPS divestiture.
Answer
The company is pursuing all tariff mitigation efforts, including vendor negotiations and accelerating the move of manufacturing out of China, in addition to the pricing actions already taken. Regarding capital allocation, due to the uncertain business environment from trade policies, the company plans to hold the cash from the divestiture, invest it in treasuries, and reassess its strategy at a later date.