CLAIM #13680 · CAT (CAT) · 2025Q3 earnings call · Oct 29, 2025 · due Dec 31, 2025
“Transportation is expected to remain stable.”
Joe Creed · CEO
How to check this claim
Look at: Transportation segment revenue (Energy & Transportation segment disclosure)
It came true if: Q4 2025 Transportation segment revenue within approximately -3% to +3% of Q3 2025 level (i.e., roughly flat)
Where: Company quarterly earnings release / 10-K segment disclosure for Energy & Transportation - Transportation
In context
“nd gas, we expect moderate growth in 2025. For reciprocating engines and services, we continue to expect softness in well servicing due to ongoing capital discipline, industry consolidation and efficiency improvements in our customers' operations. We do see positive momentum in demand for reciprocating engines used in gas compression applications. Solar turbines oil and gas backlog remains strong, and we see healthy order and inquiry activity. With our ongoing investment to increase large reciprocating engine capacity, we're continually improving manufacturing throughput to meet customer needs across a broad range of applications. Demand for products and industrial applications is improving from previous lows with order growth being driven by engines sold into electric power applications. Transportation is expected to remain stable. The strong momentum we achieved in the third quarter, combined with the anticipated growth through year-end, sets the stage for exciting opportunities ahead. As a result, I look forward to sharing more about our long-term outlook at our 2025 Investor Day on November 4. And now I'll turn it over to Andrew for a detailed overview of results and key assumptions looking forward. Andrew R. Bonfield: Thank you, Joe, and good morning, everyone. As usual, I will start with a brief overview of our third quarter results, followed by our segment performance. Then I'll discuss the balance sheet and free cash flow before concluding with our current assumptions for the full year and the fourth quarter. Beginning on Slide 6. Sales and revenues were $17.6 billion, a 10% increase versus the prior year. Th”
Verify independently
SEC filings for CAT ↗ · Claim quote is verbatim from the 2025Q3 earnings call.