Caterpillar Inc. (NYSE: CAT), a number one producer of development and mining tools, reported a decline in adjusted earnings for the second quarter of fiscal 2025, when its income remained broadly unchanged.
Q2 gross sales and revenues had been $16.6 billion, in comparison with $16.7 billion within the corresponding quarter final 12 months. Earnings, on an adjusted foundation, decreased to $4.72 per share from $5.99 per share in Q2 2024.
Internet revenue attributable to the corporate, on a reported foundation, was $2.18 billion or $4.62 per share within the June quarter, in comparison with $2.68 billion or $5.48 per share within the prior-year quarter.
“The Caterpillar workforce remained centered on buyer success and demonstrated stable operational efficiency this
quarter. We continued to see robust orders throughout our segments as demand stays resilient, supported by infrastructure spending and rising vitality wants,” stated Caterpillar’s CEO Joe Creed.
