Free · no account · quoted from the filing

What changed in CAT's 10-Q

Source: 10-Q filed 2026-08-05 · compared against 10-Q 2026-05-06. Every passage below is quoted verbatim from the filing itself.

Tariffs/Recovery

This filing

the company recorded $ 392 million of expected IEEPA tariff recoveries for claims submitted and accepted through the CAPE system

Guidance

This filing

We anticipate tariff costs of around $600 million in the third quarter of 2026

Margins

This filing

partially offset by unfavorable manufacturing costs and higher selling, general and administrative (SG&A) and research and development (R&D) expenses

Demand

This filing

We now expect rebuild activity in 2026 to increase moderately as compared to 2025

Segments

This filing

We expect a slight increase in dealer inventory in the third quarter of 2026

Contract Liabilities

This filing

Contract liabilities were $ 7,280 million

Backlog

This filing

The dollar amount of unsatisfied performance obligations for contracts with an original duration greater than one year is $ 44.1 billion

What it means — the analyst reading

The passages above are the company's own words. The plain-English reading of them — what changed, why it matters, and the direction of travel — is part of the Filing Change Monitor.

See the Filing Change Monitor →

Compared from narrative excerpts (outlook, risks, MD&A) of both filings — quotes are verbatim from the new filing. Not advice. Source: company SEC filings via stockportfolio.pro. Educational, not investment advice.