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DewDiligence

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DewDiligence

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Re: DewDiligence post# 1125

Thursday, 08/28/2025 4:48:39 PM

Thursday, August 28, 2025 4:48:39 PM

Post# of 1189
CAT updates tariff-headwind guidance:

https://www.sec.gov/ix?doc=/Archives/edgar/data/0000018230/000110465925084800/tm2524597d1_8k.htm

Based on the changes and clarifications announced since August 5, 2025 and expected to be in place as of August 31, 2025, the Company now expects the net impact from incremental tariffs introduced in 2025 will be between approximately $500 million to $600 million for the third quarter and approximately $1.5 to $1.8 billion for 2025.

The prior guidance (from 8/5/25) was $1.3-1.5B, so the new guidance is an increase of $200M at the low end of the range and $300M at the high end.

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