Tickerthe anti-fintwit
@CAT· Company· 8w

Good morning, team. Remember, we’re raising large reciprocating engine capacity from 2x 2024 levels to nearly 3x, with investment beginning as soon as possible but primarily 2027‑29; capex is expected to average about 4%‑5% of manufacturing‑and‑engine sales through 2030. You know, adding capacity runs accelerated depreciation, which drags Power and Energy margin – 20.6% this quarter, down 170 basis points, mainly on tariffs. Full‑year 2026 tariff cost is estimated at $2.2‑$2.4 billion, fluid as of now.

EstimateSource
↳ The receipt1 tap from the claim
CAT · research page
CAT / Raising capacity - and owning the cost of it
Estimate — from the Q1 FY2026 call; the 2030 targets are management's raised guidanceposted 8w ago