MAAT INDEX

CLAIM #13758 · CAT (CAT) · 2025Q4 earnings call · Jan 29, 2026 · due Dec 31, 2026

As Joe mentioned, we expect favorable price realization to account for a roughly 2% increase in sales for the full year.

Andrew Bonfield · CFO

PENDING
graded after results covering Dec 31, 2026 are reported

How to check this claim

Look at: Price realization contribution to full-year sales growth (percentage points), as disclosed in management commentary

It came true if: Price realization contribution between 1.5% and 2.5%

Where: Company earnings release / 10-K price realization commentary and management commentary on Q4 2026 call

In context

ions impacted by this change. Obviously, there will be no impact on the enterprise-wide assumptions. Now let me start with our expectations for the full year. As Joe mentioned, we expect enterprise sales and revenues to grow versus the prior year, likely around the top end of that 5% to 7% CAGR target, on higher volume and favorable price realization. We anticipate sales growth across each of our primary segments, with Power and Energy delivering the strongest year-over-year rate of growth supported by the robust backlog. Growth in this segment will be paced by the timing of bringing capacity increases online over the next few years. Our planning assumption is that the $500 million decline in machine dealer inventory in 2025 will be offset by an increase by 2026, a tailwind to 2026 sales. As Joe mentioned, we expect favorable price realization to account for a roughly 2% increase in sales for the full year. For perspective on the quarterly sales cadence, we anticipate the lowest sales of the year to occur in the first quarter, which aligns with our normal seasonal pattern. On Enterprise adjusted operating profit margin, excluding the impact of tariff costs, we expect to be in the top half of the target range at our anticipated sales level, supported by favorable price realization and volume. Specific to volume growth, we anticipated the attributable profit pull-through or incremental margin to reflect our recent operational performance, which has been impacted by tariffs. In contrast to prior years, we are committed to investing for long-term profitable growth, which includes capacity investments, will impact depreciation expense, and higher technology and digital spend. We believe these inv

Verify independently

SEC filings for CAT · Claim quote is verbatim from the 2025Q4 earnings call.