YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Construction equipment company Caterpillar is warning of an expected $1.5 billion impact from tariffs this year on its bottom line.
"Impact of tariffs was around the top end of our estimated range for the quarter and it's likely to be a more significant headwind to profitability in the second half of 2025," CEO Joe Creed said.
The company's adjusted second-quarter profits dropped to $4.72 per share, below estimates of $4.90.
Read more from Reuters.
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