Cat Financial Announces Second-Quarter 2025 Results
Cat Financial (NYSE:CAT) reported strong second-quarter 2025 results, with revenues reaching $899 million, up 4% from Q2 2024. The company posted a profit of $137 million, compared to a $65 million loss in Q2 2024, primarily due to the absence of a previous $210 million loss on divestiture.
Key performance metrics showed improvement with retail new business volume increasing 5% to $3.60 billion, driven by higher volume in Power, EAME, and North America segments. Portfolio quality remained strong with past dues decreasing to 1.62% from 1.74% year-over-year, while the allowance for credit losses stood at $290 million, representing 0.94% of finance receivables.
Total assets grew 6% to $36.08 billion, reflecting the company's expanding financial services operations and strong market position in supporting Caterpillar customers and dealers globally.
Cat Financial (NYSE:CAT) ha riportato risultati solidi nel secondo trimestre del 2025, con ricavi che hanno raggiunto 899 milioni di dollari, in aumento del 4% rispetto al secondo trimestre del 2024. L'azienda ha registrato un utile di 137 milioni di dollari, rispetto a una perdita di 65 milioni nel Q2 2024, principalmente grazie all'assenza di una precedente perdita di 210 milioni per dismissioni.
I principali indicatori di performance hanno mostrato miglioramenti, con un volume di nuovi affari retail in crescita del 5%, arrivando a 3,60 miliardi di dollari, trainato da volumi più elevati nei segmenti Power, EAME e Nord America. La qualità del portafoglio è rimasta solida con le insolvenze in calo all’1,62% rispetto all’1,74% anno su anno, mentre le riserve per perdite su crediti ammontavano a 290 milioni di dollari, pari allo 0,94% dei crediti finanziari.
Il totale degli attivi è cresciuto del 6%, raggiungendo 36,08 miliardi di dollari, riflettendo l’espansione delle operazioni di servizi finanziari dell’azienda e la sua posizione di mercato solida nel supporto ai clienti e concessionari Caterpillar a livello globale.
Cat Financial (NYSE:CAT) reportó sólidos resultados en el segundo trimestre de 2025, con ingresos que alcanzaron los 899 millones de dólares, un aumento del 4% respecto al segundo trimestre de 2024. La compañía registró un beneficio de 137 millones de dólares, en comparación con una pérdida de 65 millones en el Q2 2024, principalmente debido a la ausencia de una pérdida previa de 210 millones por desinversiones.
Los principales indicadores de desempeño mostraron mejoras, con un volumen de nuevos negocios minoristas incrementándose un 5% hasta 3,60 mil millones de dólares, impulsado por mayores volúmenes en los segmentos Power, EAME y Norteamérica. La calidad de la cartera se mantuvo sólida con las cuentas vencidas disminuyendo al 1,62% desde el 1,74% interanual, mientras que la provisión para pérdidas crediticias se situó en 290 millones de dólares, representando el 0,94% de las cuentas por cobrar financieras.
Los activos totales crecieron un 6% hasta 36,08 mil millones de dólares, reflejando la expansión de las operaciones de servicios financieros de la empresa y su sólida posición en el mercado para apoyar a los clientes y concesionarios de Caterpillar a nivel global.
Cat Financial (NYSE:CAT)은 2025년 2분기에 강력한 실적을 보고했으며, 매출은 8억 9,900만 달러로 2024년 2분기 대비 4% 증가했습니다. 회사는 1억 3,700만 달러의 이익을 기록했으며, 이는 2024년 2분기 6,500만 달러 손실에서 크게 개선된 결과로, 이전에 발생한 2억 1,000만 달러 규모의 매각 손실 부재가 주요 원인입니다.
주요 성과 지표는 개선되어 소매 신규 사업 규모가 5% 증가하여 36억 달러에 달했으며, 이는 Power, EAME 및 북미 부문의 높은 거래량에 힘입은 결과입니다. 포트폴리오 품질은 견고하게 유지되어 연간 기준 연체율이 1.74%에서 1.62%로 감소했으며, 대손충당금은 2억 9,000만 달러로 금융채권의 0.94%를 차지했습니다.
총 자산은 6% 증가한 360억 8천만 달러로 확대되었으며, 이는 전 세계적으로 Caterpillar 고객과 딜러를 지원하는 회사의 금융 서비스 운영 확장과 강력한 시장 지위를 반영합니다.
Cat Financial (NYSE:CAT) a annoncé de solides résultats pour le deuxième trimestre 2025, avec un chiffre d'affaires atteignant 899 millions de dollars, en hausse de 4 % par rapport au deuxième trimestre 2024. La société a enregistré un bénéfice de 137 millions de dollars, contre une perte de 65 millions au T2 2024, principalement en raison de l'absence d'une perte précédente de 210 millions liée à une cession.
Les principaux indicateurs de performance ont progressé, avec un volume de nouvelles affaires retail en hausse de 5 % à 3,60 milliards de dollars, porté par des volumes plus élevés dans les segments Power, EAME et Amérique du Nord. La qualité du portefeuille est restée solide avec un taux d'impayés en baisse à 1,62 % contre 1,74 % en glissement annuel, tandis que la provision pour pertes de crédit s'élevait à 290 millions de dollars, soit 0,94 % des créances financières.
Le total des actifs a augmenté de 6 % pour atteindre 36,08 milliards de dollars, reflétant l'expansion des activités de services financiers de l'entreprise et sa position solide sur le marché pour soutenir les clients et concessionnaires Caterpillar à l'échelle mondiale.
Cat Financial (NYSE:CAT) meldete starke Ergebnisse für das zweite Quartal 2025, mit Einnahmen von 899 Millionen US-Dollar, ein Anstieg von 4 % gegenüber dem Q2 2024. Das Unternehmen erzielte einen Gewinn von 137 Millionen US-Dollar, verglichen mit einem Verlust von 65 Millionen im Q2 2024, hauptsächlich aufgrund des Wegfalls eines vorherigen Verlusts von 210 Millionen durch Veräußerungen.
Wichtige Leistungskennzahlen zeigten Verbesserungen, wobei das Neugeschäftsvolumen im Einzelhandel um 5 % auf 3,60 Milliarden US-Dollar anstieg, angetrieben durch höhere Volumina in den Segmenten Power, EAME und Nordamerika. Die Portfolioqualität blieb stark, mit rückständigen Zahlungen, die von 1,74 % auf 1,62 % im Jahresvergleich sanken, während die Rückstellung für Kreditausfälle bei 290 Millionen US-Dollar lag, was 0,94 % der Finanzforderungen entspricht.
Die Gesamtvermögenswerte wuchsen um 6 % auf 36,08 Milliarden US-Dollar, was die wachsenden Finanzdienstleistungsaktivitäten des Unternehmens und seine starke Marktposition bei der Unterstützung von Caterpillar-Kunden und -Händlern weltweit widerspiegelt.
- Revenue increased 4% to $899 million year-over-year
- Significant profit improvement to $137 million from a $65 million loss in Q2 2024
- Retail new business volume grew 5% to $3.60 billion
- Past due payments improved to 1.62% from 1.74% year-over-year
- Total assets increased 6% to $36.08 billion
- Higher provision for credit losses of $13 million
- Unfavorable impact from lower margin of $10 million
- Unfavorable impact from lower average financing rates of $20 million
Insights
Cat Financial shows strong recovery with $137M profit vs previous year's loss, driven by absence of divestiture impact and higher earning assets.
Cat Financial has delivered a remarkable turnaround in Q2 2025, posting a
Revenue increased by
The credit quality metrics remain healthy with past dues decreasing to
Particularly encouraging is the
For the first half of 2025, Cat Financial's profit of
Second-quarter 2025 profit before income taxes was
The provision for income taxes for the second quarter of 2025 was
During the second quarter of 2025, retail new business volume was
At the end of the second quarter of 2025, past dues at Cat Financial were
"We continue to see solid new business volume and strong portfolio performance," said Dave Walton, President of Cat Financial and Senior Vice President with responsibility for the Financial Products Division of Caterpillar Inc. "The Cat Financial team remains focused on execution of our strategy and supporting Caterpillar customers and dealers with financial services solutions."
About Cat Financial
Cat Financial is a subsidiary of Caterpillar, the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Cat Financial provides a wide range of financing solutions to customers and Cat® dealers for machines, engines, Solar® turbines, genuine Cat parts and services. Headquartered in
STATISTICAL HIGHLIGHTS:
SECOND-QUARTER 2025 VS. SECOND-QUARTER 2024 (ENDED JUNE 30, EXCEPT TOTAL ASSETS) (Millions of dollars) | |||||
2025 | 2024 | CHANGE | |||
Revenues | $ 899 | $ 865 | 4 % | ||
Profit (Loss) Before Income Taxes | $ 183 | $ (18) | 1,117 % | ||
Profit (Loss) (excluding profit attributable to noncontrolling interests) | $ 137 | $ (65) | 311 % | ||
Retail New Business Volume | $ 3,599 | $ 3,412 | 5 % | ||
Total Assets at June 30, and December 31, respectively | $ 36,083 | $ 34,084 | 6 % | ||
SIX MONTHS 2025 VS. SIX MONTHS 2024 (ENDED JUNE 30) (Millions of dollars) | |||||
2025 | 2024 | CHANGE | |||
Revenues | $ 1,759 | $ 1,718 | 2 % | ||
Profit (Loss) Before Income Taxes | $ 357 | $ 211 | 69 % | ||
Profit (Loss) (excluding profit attributable to noncontrolling interests) | $ 267 | $ 104 | 157 % | ||
Retail New Business Volume | $ 6,563 | $ 6,154 | 7 % | ||
FORWARD-LOOKING STATEMENTS
Certain statements in this press release relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "estimate," "will be," "will," "would," "expect," "anticipate," "plan," "project," "intend," "could," "should" or other similar words or expressions often identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding our outlook, projections, forecasts or trend descriptions. These statements do not guarantee future performance and speak only as of the date they are made, and we do not undertake to update our forward-looking statements.
Cat Financial's actual results may differ materially from those described or implied in our forward-looking statements based on a number of factors, including, but not limited to: (i) disruptions or volatility in global financial markets limiting our sources of liquidity or the liquidity of our customers, dealers and suppliers; (ii) failure to maintain our credit ratings and potential resulting increases to our cost of borrowing and adverse effects on our cost of funds, liquidity, competitive position and access to capital markets; (iii) changes in interest rates, currency fluctuations or market liquidity conditions; (iv) an increase in delinquencies, repossessions or net losses of our customers; (v) residual values of leased equipment; (vi) our compliance with financial and other restrictive covenants in debt agreements; (vii) government monetary or fiscal policies; (viii) political and economic risks, commercial instability and events beyond our control in the countries in which we operate; (ix) demand for Caterpillar products; (x) marketing, operational or administrative support received from Caterpillar; (xi) our ability to develop, produce and market quality products that meet our customers' needs; (xii) information technology security threats and computer crime; (xiii) alleged or actual violations of trade or anti-corruption laws and regulations; (xiv) new regulations or changes in financial services regulations; (xv) additional tax expense or exposure; (xvi) changes in accounting guidance; (xvii) catastrophic events, including global pandemics such as the COVID-19 pandemic; and (xviii) other factors described in more detail in Cat Financial's Forms 10-Q, 10-K and other filings with the Securities and Exchange Commission.
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SOURCE Cat Financial
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