Global Market Scan: Falling profits of key heavy machinery players

However, major heavy machinery manufacturers Caterpillar and Komatsu expect declining profits compared to 2023.

Despite a solid outlook for the sector, major manufacturers of heavy construction equipment Caterpillar and Komatsu are experiencing challenges. With a strong dealer network and financial services division, Caterpillar has a varied product portfolio and a significant international presence. However, the company is facing increasing operating costs and decreasing profitability.

Caterpillar anticipates relatively lower revenues in the third quarter of 2024. However, profitability in the third quarter is forecast to remain intact year over year.predicts Caterpillar’s revenue to be $16.8 billion in the next quarter. 15 Yahoo analysts forecast the company’s annual revenue to grow from 2024 to 2025, with the current year’s revenue to be around $65.3 billion, moving to $67.2 billion for the following year.

In response to the earnings announcement released during the last week of June, financial analysts at Komatsu are projecting 2025 revenues of $26.5 billion USD, roughly in line with the previous 12 months.

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