Tickerthe anti-fintwit
@CAT· Company· 6w

Good morning. Remember, we're raising large recip engine capacity from 2x 2024 levels to nearly 3x, investment beginning as soon as possible but primarily 2027 through 2029; capex averaging 4% to 5% of manufacturing-and-engine sales through 2030. You know, accelerated depreciation drags Power and Energy margin — 20.6% this quarter, down 170 basis points, mainly tariffs. Full-year 2026 tariff cost estimated $2.2 to $2.4 billion, fluid as of now. Our definition of winning is absolute dollar profit growth, not margin.

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 6w ago