Caterpillar Inc. (NYSE: CAT), a leading manufacturer of construction and mining equipment, reported a decline in adjusted earnings for the second quarter of fiscal 2025, when its revenue remained broadly unchanged.
Q2 sales and revenues were $16.6 billion, compared to $16.7 billion in the corresponding quarter last year. Earnings, on an adjusted basis, decreased to $4.72 per share from $5.99 per share in Q2 2024.
Net income attributable to the company, on a reported basis, was $2.18 billion or $4.62 per share in the June quarter, compared to $2.68 billion or $5.48 per share in the prior-year quarter.
“The Caterpillar team remained focused on customer success and demonstrated solid operational performance thisquarter. We continued to see strong orders across our segments as demand remains resilient, supported by infrastructure spending and growing energy needs,” said Caterpillar’s CEO Joe Creed.
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