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Caterpillar Sales Hit $20B as IEEPA Tariff Recoveries Boost Margins

Caterpillar logoCaterpillar
Sig3.58Sen+6.53Env0.00Soc0.00Gov0.00

Caterpillar posted record revenue above $20 billion for the first time, with profit per share rising 73% year over year. Adjusted operating margin was 21.9% as the company recognized $392 million of IEEPA tariff recoveries and saw lower ongoing tariff costs, lifting margins by 430 basis points. Power & Energy led, with sales to end users up 33% and power generation up 72%, tied to demand for large generators and turbines for data centers.

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