CAT to Boost Mining Technology Solutions With RPMGlobal Holdings Deal

Group 1: Acquisition Overview - Caterpillar Inc. has agreed to acquire RPMGlobal Holdings Limited for a total equity value of AUD 1.12 billion ($732 million), enhancing its capabilities in the mining sector [1][8] - RPMGlobal is known for its data-driven software solutions that support various stages of the mining lifecycle, which will help Caterpillar's mining customers operate more efficiently [1][2] Group 2: Strategic Benefits - The acquisition is expected to improve Caterpillar's technology in asset and fleet management, as well as autonomy, benefiting from RPMGlobal's agile development approach and Caterpillar's customer-centric focus [2][8] - The deal aligns with the increasing reliance on technology by miners to boost productivity, reduce costs, and enhance safety, as Caterpillar has been investing in advanced products and autonomous capabilities [3] Group 3: Financial Performance - Caterpillar reported adjusted earnings per share of $4.72 for Q2 2025, missing the Zacks Consensus Estimate of $4.88 by 3.3%, and down 21% year over year due to lower revenues and elevated costs [4] - The company achieved revenues of $16.57 billion, surpassing the Zacks Consensus Estimate of $16.35 billion by 1.3%, although it represented a 1% decline year over year [5] - Revenue declines were noted in North America (2%), Latin America (4%), and Asia Pacific (2%), while EAME experienced a 6% growth, with a record sequential backlog growth of $2.5 billion, bringing the total backlog to $37.5 billion [6] Group 4: Stock Performance - Over the past year, Caterpillar's stock has increased by 26.7%, outperforming the industry growth of 24.9% [7]