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卡特彼勒Caterpillar(CAT)2025年第一季度财务业绩演示报告「NYSE」(英文版)(28页).pdf

上传人: 1****1 编号:1090129 2025-07-26 28页 2.63MB

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1、First Quarter 2025Financial ReviewApril 30,20251Q 2025 EARNINGS RELEASE2Certain statements in this financial review relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.Words such as“believe,”“estimate,

2、”“will be,”“will,”“would,”“expect,”“anticipate,”“plan,”“forecast,”“target,”“guide,”“project,”“intend,”“could,”“should”or other similar words or expressions often identify forward-looking statements.All statements other than statements of historical fact are forward-looking statements,including,witho

3、ut limitation,statements regarding our outlook,projections,forecasts or trend descriptions.These statements do not guarantee future performance and speak only as of the date they are made,and we do not undertake to update our forward-looking statements.Caterpillars actual results may differ material

4、ly from those described or implied in our forward-looking statements based on a number of factors,including,but not limited to:(i)global and regional economic conditions and economic conditions in the industries we serve;(ii)commodity price changes,material price increases,fluctuations in demand for

5、 our products or significant shortages of material;(iii)government monetary or fiscal policies;(iv)political and economic risks,commercial instability and events beyond our control in the countries in which we operate;(v)international trade policies and their impact on demand for our products and ou

6、r competitive position,including the imposition of new tariffs or changes in existing tariff rates;(vi)our ability to develop,produce and market quality products that meet our customers needs;(vii)the impact of the highly competitive environment in which we operate on our sales and pricing;(viii)inf

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1. **2025年Q1业绩**:销售额142亿美元,同比下降10%;运营利润25.79亿美元,同比下降27%;调整后每股收益4.25美元(剔除重组成本0.05美元)。 2. **现金流与股东回报**:ME&T自由现金流2亿美元,同比下降85%;通过股票回购和分红向股东返还43亿美元,连续31年提高股息。 3. **分业务表现**:建筑行业销售额52.2亿美元(-19%),资源行业66亿美元(-2%),能源交通行业66亿美元(-2%),金融产品收入10.07亿美元(+2%)。 4. **全年展望**: - **无关税情景**:销售额与2024年持平,调整后运营利润率位于年度目标区间上半部分(10%-22%)。 - **含关税情景**:销售额略降,利润率及现金流目标维持区间内。 5. **关键指标**:有机订单 backlog增长50亿美元创纪录;预计2025年资本支出25亿美元,有效税率23%。
**利润下滑原因?** **现金流有何变化?** **关税影响几何?**
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