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April 30, 2025
Caterpillar Stock Price Today: The world's largest manufacturer of construction equipment, Caterpillar surprised Wall Street by reporting Q1 sales that fell short of expectations, with revenue of $14.25 billion—lower than analysts' projected $14.65 billion.
With revenue of $14.25 billion for the quarter, Caterpillar reported a 10% year-over-year decline in revenue, falling short of the $14.65 billion experts had predicted. On the bottom line, though, the business was able to satisfy expectations, as adjusted profits per share came in at $4.25.
The Construction Industries division of Caterpillar reported a sharp 19% decline in revenue, while the Resource Industries and Energy & Transportation divisions also saw setbacks, declining 10% and 2%, respectively.
These declines indicate deeper issues across the company's core operations.
In order to give investors a better idea of what lies ahead, Caterpillar presented two different full-year outlooks.
One scenario included the effects of tariffs, while the other projected outcomes without them.
Assuming no impact from tariffs, Caterpillar has upgraded its earlier projections of a slight dip in revenue for 2025 to one of basically unchanged revenue compared to 2024.
However, the company expects sales to be in line with earlier projections of a slight reduction if tariffs are implemented and economic conditions worsen in the second part of the year, unless there are offsetting measures.
Although Caterpillar expects revenue to be similar to Q2 2024 levels for the current quarter, the firm is preparing for a $250 million to $350 million cost increase driven by tariffs, which would notably hurt its bottom line.
Following Wednesday's reports, Caterpillar's stock did not move much, but it has already dropped almost 15% so far this year due to rising trade tensions triggered by the Trump administration's tariff decision on April 2.
A big leadership change is under way at Caterpillar. This Thursday, COO Joe Creed will take over as CEO.
He is going to replace Jim Umpleby. For eight strong years, Umpleby has been the CEO.
He isn't quitting the business entirely. He will instead go with the position of Executive Chairman. From the boardroom, he will continue to lead Caterpillar.
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