Caterpillar missed second-quarter profit expectations on Tuesday due to sluggish demand for construction equipment and warned of up to $1.5 billion hit from costs tied to U.S. tariffs in 2025. Even though the company has been able to offset the impact of supply-chain snarls and cost inflation through price hikes,

Tariffs are having a bigger impact on Irving-based Caterpillar Inc.’s margins even as demand for the company’s iconic yellow diggers and bulldozers

Caterpillar reported a lower second-quarter profit on Tuesday, hurt by sluggish demand, pricing pressure and higher costs tied to U.S. tariffs. Adjusted profit in the second quarter fell to $4.72 per share,