earnings
confidence high
sentiment positive
materiality 0.75
Cat Financial Q2 profit $137M, swing from $65M loss; rev up 4% to $899M
CATERPILLAR FINANCIAL SERVICES CORP
- Revenues $899M (+4% YoY) driven by higher average earning assets of $49M, offset by lower financing rates.
- Profit before taxes $183M vs -$18M loss; absence of $210M divestiture loss and higher assets were key drivers.
- Retail new business volume $3.60B (+5% YoY) led by Power, EAME and North America segments.
- Past dues improved to 1.62% from 1.74%; net write-offs flat at $18M.
- Allowance for credit losses $290M (0.94% of receivables), up from $282M at Mar 2025 and $267M at YE 2024.
item 2.02item 9.01