Management noted on yesterday's conference call that in recent quarters, about 70% of its product sales were imported from Asia (mostly Vietnam) and the other 30% of sales (made-to-order products) were made in its own factories in Mexico. In response to recently enacted Section 232 tariffs on imported upholstered furniture (around 90% of total revenue), management has now put in place 15% tariff surcharges. We suspect that increased pricing will likely result in lowered unit volumes and think the surcharges will only partly offset the higher costs, at least in the near term. All in, we maintain our annual F2026 and F2027 EPS forecasts at $3.54 and $3.75, respectively, but adjust the quarterly cadence of these predictions. We maintain our $47 price target, which is based on 14x our C2026 EPS estimate of $3.33. Our moderate risk rating incorporates our expectation of an earnings rebound in F2027, the company's solid balance sheet and healthy free cash flow.