Caterpillar said it now expects the net impact from incremental tariffs introduced in 2025 to be approximately $500 million to $600 million for Q3, reflecting changes and clarifications expected to be in place as of August 31, 2025.

1. 01

   Caterpillar said it now expects the net impact from incremental tariffs introduced in 2025 to be approximately $500 million to $600 million for Q3, reflecting changes and clarifications expected to be in place as of August 31, 2025.

2. 02

   The company said it now expects the net impact from incremental tariffs introduced in 2025 to be approximately $1.5 billion to $1.8 billion for full-year 2025.

3. 03

   Caterpillar said it now expects its full-year adjusted operating profit margin to be near the bottom of the target margin range, including the net impact from incremental tariffs.

4. 04

   The company said additional tariffs and clarifications have been announced since its August 5, 2025 Q2 earnings release. It said the revised estimated net impact from tariffs is not expected to affect the sales and revenue outlook provided during the August 5 Q2 earnings call.

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