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卡特彼勒Caterpillar(CAT)2025年第二季度财务业绩演示报告「NYSE」(英文版)(26页).pdf

上传人: 1****1 编号:1090158 2025-10-26 26页 2.38MB

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1、Second Quarter 2025Financial ReviewAugust 5,20252Q 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,with

3、out 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 materia

4、lly 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 fo

5、r 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 o

6、ur 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)in

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1. **2025年第二季度业绩**:销售额166.89亿美元(同比降1%),运营利润23.7亿美元(同比降18%),调整后每股收益4.72美元(同比降21%)。 2. **三大业务板块表现**: - 建筑行业:销售额67.1亿美元(降4%),利润12.44亿美元(降29%); - 资源行业:销售额72亿美元(增7%),利润15.85亿美元(增4%); - 能源与运输:销售额53.7亿美元(降4%),利润5.37亿美元(降25%)。 3. **关键财务指标**:订单积压增长25亿美元,向股东返还15亿美元(股票回购+分红),ME&T自由现金流24亿美元。 4. **全年展望**:销售额略高于2024年,调整后运营利润率位于目标区间下半部分(受关税影响),自由现金流目标50亿-100亿美元。
**利润下滑原因?** **关税影响有多大?** **现金流表现如何?**
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