Caterpillar updates 2025 tariff impact: Q3 up to $600M, full year up to $1.8B

CATERPILLAR INC

Net impact from incremental tariffs: $500-600M in Q3 2025; $1.5-1.8B for full year 2025.
Full-year adjusted operating profit margin now expected near bottom of target range.
Sales and revenue outlook unchanged from Q2 2025 earnings call on August 5.
Mitigating actions underway; trade and tariff negotiations remain fluid.
Further details to be provided in Q3 2025 earnings release on October 29, 2025.

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