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Caterpillar

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Valuation

January 29th, 2026

Operator

Welcome to the Fourth Quarter 2025 Caterpillar Earnings Conference Call. Please be advised that today's conference is being recorded. Please, I would now like to hand the conference over to your speaker today, Alex. Thank you. Please go ahead.

Alex Kapper

Thank you, Adria. Good morning, everyone, and welcome to Caterpillar's fourth quarter 2025 earnings call. I'm Alex Kapper, Vice President of Investor Relations. Joining me today are Joe Creed, CEO, Andrew Bonfield, Chief Financial Officer, Kyle Epley, Senior Vice President of the Global Finance Services Division, and Rob Regel, Senior Director of IR. During our call, we'll be discussing the fourth quarter earnings release we issued earlier today. You can find our slides, the news release, and a webcast recap at investors.caterpillar.com under events and presentations. The content of this call is protected by US and international copyright law. Any rebroadcast, retransmission, reproduction, or distribution of all or part of this content without Caterpillar's prior written permission is prohibited.

Moving to slide two. Our call today will make forward-looking statements, which are subject to risks and uncertainties. We'll also make assumptions that could cause our actual results to be different from the information we're sharing with you on this call. Please refer to our recent SEC filings and the forward-looking statements reminder and the news release details on factors that individually or in aggregate could cause our actual results to vary materially from our forecast. A detailed discussion of the many factors that we believe may ha...

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Earnings Call Transcripts:

Q4 '25

January 29th, 2026

Q3 '25

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Q2 '25

August 6th, 2025

Q1 '25

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Q4 '24

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Q3 '24

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Q2 '24

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Q3 '23

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