Caterpillar CFO Sees Strong Q3 Sales Growth on Volume and Pricing
CAT has more than doubled off its 52-week low of $405.46.
Summary
Caterpillar's CFO is guiding for another strong quarter of sales growth in Q3, citing volume increases and favorable price realization. The CFO also expects Q3 tariff costs of about $600 million, comparable to last year. This forward-looking commentary builds on the blowout Q2 reported earlier today, where adjusted EPS nearly doubled to $8.17. The guidance suggests sustained demand momentum in key end markets, particularly construction and power. With shares already up sharply on the Q2 beat, this positive outlook could reinforce the bullish case. Watch for any further details on the earnings call regarding margin trends and order backlogs.
At the time of this announcement, CAT was trading at $929.00 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $382.3B. The 52-week trading range was $405.46 to $1,073.46. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.