BRIEF-Caterpillar CEO says Tariffs To Likely Be Significant Headwind To Profitability In Second Half Of Year

Reuters
Aug 05
BRIEF-Caterpillar CEO says Tariffs To Likely Be Significant Headwind To Profitability In Second Half Of Year

Aug 5 (Reuters) - Caterpillar Inc CAT.N:

  • CATERPILLAR CEO: TARIFFS TO LIKELY BE SIGNIFICANT HEADWIND TO PROFITABILITY IN SECOND HALF OF YEAR- CONF. CALL

  • CATERPILLAR CFO: PRICE REALIZATION HEADWIND TO REDUCE IN Q4

  • CATERPILLAR CFO: INCLUDING TARIFF IMPACT, EXPECTS LOWER MARGINS FROM CONSTRUCTION INDUSTRIES FROM LAST YEAR

  • CATERPILLAR CFO: EXPECT ABOUT 25% OF Q3 TARIFF IMPACT TO BE INCURRED IN ENERGY AND TRANSPORTATION

  • CATERPILLAR CEO: TRIMMING COSTS ON DISCRETIONARY SPENDING

  • CATERPILLAR CEO: WORKING ON CERTIFICATION OF USMCA COMPLIANT PRODUCTS

Further company coverage: CAT.N

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