CAT May Face $1.8B Tariff Impacts This Year: Are Margins at Risk?

Key Takeaways Caterpillar raised its tariff hit forecast to $500-$600M for Q3 and $1.5-$1.8B for 2025.CAT expects the 2025 adjusted operating margin near the bottom end of its 16-20% view.CAT expects the 2025 adjusted operating margin near the bottom end of its 16-20% view.Caterpillar Inc. (CAT) in its latest filing has revealed that it anticipates a larger hit from tariffs in 2025 than previously expected, and in the third quarter. This takes into account the additional tariffs announced since CAT reported ...