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Form 8-K · Current Report · Filed 2025-08-28

Caterpillar Inc. Provides Tariff Impact Update

Caterpillar Inc. updates investors on the estimated financial impact of new tariffs, now expecting a net impact of $500 million to $600 million for Q3 2025 and $1.5 to $1.8 billion for the full year 2025. The Company expects its full-year adjusted operating profit margin to be near the bottom of the target range due to these incremental tariffs. The Company continues to mitigate the impact and trade negotiations remain fluid. Further updates will be provided in the Q3 earnings announcement.

Filer
Caterpillar Inc. CAT · NYSE
Filed
Accession
0001104659-25-084800
CIK
0000018230
Signal
High impactIndustrials

Items reported

Item 8.01

Other Events

Regulatory Investigation
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$432.67

Next session

-3.2%

Since filing

+88.3%

Latest close

$814.81

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from CAT reporting the same item, with the next session's move:

About Caterpillar Inc.

Caterpillar Inc. is a leading global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Renowned for its high-quality machinery and equipment, Caterpillar operates predominantly in the construction, mining, transportation, and energy sectors, providing essential machinery and solutions that drive significant projects worldwide. The company enhances productivity and efficiency through innovative technology and services, striving to advance sustainable practices and reduce environmental impact. Headquartered in Deerfield, Illinois, Caterpillar holds a pivotal role in the industrial segment by supporting large-scale infrastructure development and resource extraction projects across the globe, thereby considerably contributing to economic growth and modernization.

Exchange NYSE Industry Farm & Heavy Construction Machinery Company website ↗

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