0957 ET - Caterpillar still needs to get some clarity on where tariff rates are finally going to land, new CEO Joe Creed says on a call with analysts. There have been announcements in the last week or so, but the company is still working to understand the implications of those deals, Creed says. "We still believe there's a little bit of uncertainty out there," he says. The machinery maker forecasts $1.3 billion to $1.5 billion of tariff costs for the year, which will eat into its earnings. It has taken some near-term tariff mitigation measures that CFO Andrew Bonfield calls "no regret-type" actions, with a plan to implement longer-term strategies once the company gets more tariff clarity. Shares fall 0.9%. (dean.seal@wsj.com)
(END) Dow Jones Newswires
August 05, 2025 09:57 ET (13:57 GMT)
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