卡特彼勒Caterpillar（CAT）2025年第四季度及全年财务业绩演示报告「NYSE」（英文版）（36页）.pdf

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1、FINANCIAL REVIEWFOURTH QUARTER AND FULL YEAR 2025J A N U A R Y 2 9,2 0 2 6Financial Review|Fourth Quarter and Full Year 2025FORWARD-LOOKING STATEMENTSCertain statements in this financial review relate to future events and expectations and are forward-looking statements within the meaning of the Priv

2、ate Securities Litigation Reform Act of 1995.Words such as“believe,”“estimate,”“will be,”“will,”“would,”“expect,”“anticipate,”“plan,”“forecast,”“target,”“guide,”“project,”“intend,”“could,”“should”or other similar words or expressions often identify forward-looking statements.All statements other tha

3、n statements of historical fact are forward-looking statements,including,without limitation,statements regarding our outlook,projections,forecasts or trend descriptions.These statements do not guarantee future performance and speak only as of the date they are made,and we do not undertake to update

4、our forward-looking statements.Caterpillars actual results may differ materially from those described or implied in our forward-looking statements based on a number of factors,including,but not limited to:(i)global and regional economic conditions and economic conditions in the industries we serve;(

5、ii)commodity price changes,material price increases,fluctuations in demand for our products or significant shortages of material;(iii)government monetary or fiscal policies;(iv)political and economic risks,commercial instability and events beyond our control in the countries in which we operate;(v)i

6、nternational trade policies and their impact on demand for our products and our competitive position,including the imposition of new tariffs or changes in existing tariff rates;(vi)our ability to develop,produce and market quality products that meet our customers needs;(vii)the impact of the highly