Revenue segments as reported by the company.

Sales of Machinery, Energy & Transportation

Revenues of Financial Products

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Caterpillar

Solar Turbines is a designer and manufacturerer of industrial gas turbines for onshore and offshore electrical power generation, for marine propulsion and for producing, processing and transporting natural gas and oil. Solar Turbines is one of the world's leading producers of industrial gas turbines up to 30,000 horsepower (22,000 kW). There are more than 15,000 Solar Turbines gas turbine systems installed in over 100 countries worldwide that have collectively logged more than 2 billion hours of use.

Solar Turbines

Perkins Engines is primarily a diesel engine manufacturer for several markets including Agricultural, Construction, Material Handling, Power Generation and Industrial. Over the years Perkins has expanded its engine ranges and produces thousands of different engine specifications including diesel and gas engines.

Perkins Engines

Progress Rail Services is a supplier of railroad and transit system products and services and has become one of the largest integrated and diversified suppliers of railroad and transit system products and services in North America. Progress Rail markets products and services worldwide and maintains 110 facilities in the United States, 34 in Mexico, four in Canada, two in Brazil, five in UK, one in Italy, and one in Germany. Progress Rail is organized into two divisions: Engineering & Track Services and Locomotive & Railcar Services.

Progress Rail Services

Caterpillar, Inc. engages in the business of manufacturing construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other. The Construction Industries segment is involved in supporting customers using machinery in infrastructure and building construction applications. The Resource Industries segment offers machinery in mining, heavy construction, quarry, and aggregates. The Energy and Transportation segment focuses on reciprocating engines, turbines, diesel-electric locomotives, and related services across industries serving oil and gas, power generation, industrial, and transportation applications including marine- and rail-related businesses. The Financial Products segment provides financing alternatives to customers and dealers for Caterpillar products and services, as well as financing for power generation facilities. The All Other segment includes activities such as the business strategy, product management, and development, and manufacturing filters and fluids, undercarriage, tires and rims, engaging tools, and fluid transfers. The company was founded on April 15, 1925 and is headquartered in Irving, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Caterpillar reports robust Q4 earnings, eyes growth amid supply challenges

Caterpillar's Q4 2022 showcased strong sales growth and record profit per share. Challenges in the supply chain impacted certain sectors, but overall performance was robust.
The company's focus on key sectors like Energy & Transportation paid off with significant sales increases. Positive outlook for 2023 with expectations of increased sales and profit margins.
Maintaining strong ME&T free cash flow and service revenue growth are key strengths. Adjusted operating profit margins may face challenges in Q1 2023.
Despite challenges, Caterpillar remains optimistic about future growth opportunities and aims to meet its financial targets for the coming year.

Caterpillar excels in Q1 2023, eyes growth amid challenges

Caterpillar's Q1 2023 showcased robust financial performance, driven by strong sales growth and improved profit margins.
While challenges like dealer inventory management persist, the company's positive outlook and strategic investments position it well for future growth.
Opportunities in sustainability initiatives, market collaborations, and financial performance enhancements pave the way for a promising year ahead.

Caterpillar reports robust Q2 earnings, eyes growth amid challenges

Caterpillar's Q2 2023 performance showcased strong growth and profitability across segments, with a positive outlook for the full year. While facing challenges like supply chain disruptions and pricing pressures, the company remains focused on returning cash to shareholders and driving sustainability initiatives.

Caterpillar reports strong Q3 performance, eyes growth opportunities

Caterpillar anticipates another good year in 2024 with elevated backlog levels expected to normalize.
Company expects adjusted operating profit margin to exceed targets for the full year.
Focus on managing costs, improving efficiency, and adding value for customers through technology and services.
Competitive dynamics considered in pricing decisions to remain competitive and add value for customers.

Caterpillar (CAT) reports record-breaking 2023 performance and eyes growth opportunities

Caterpillar's 2023 performance exceeded expectations, with a strong focus on operational efficiency and strategic growth initiatives. The company faces challenges in weak market conditions in China and parts decline but sees opportunities in the energy transition and services growth. Caterpillar plans to return free cash flow to shareholders through dividends and share repurchases, emphasizing organic growth opportunities.

Caterpillar (CAT) posts solid Q1 results, eyes growth opportunities

Caterpillar (CAT) delivered a strong Q1 performance with flat sales but increased profitability. While facing challenges in the European construction market, CAT aims for continued growth in key segments and maintains a positive outlook for the year.

Caterpillar reports mixed Q2 results, focuses on sustainability and innovation

Caterpillar's Q2 2024 performance reflects a mixed bag with sales decline offset by improved profit margins and strong free cash flow. Sustainability efforts and product innovation are key strengths, while challenges include managing sales revenue decline and addressing analyst inquiries on various operational aspects.

Caterpillar reports solid Q3 earnings, eyes growth amid industry challenges

CAT's Q3 performance showcased strong profitability and cash flow despite revenue decline, driven by demand in Energy & Transportation.
While facing challenges in margin sustainability and industry dynamics, CAT's investments in new technologies and sustainability initiatives position it for growth.
Opportunities in sustaining demand, addressing concerns, and leveraging backlog indicate a positive outlook for CAT's future performance.

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Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Caterpillar Inc. (NYSE:CAT ) Q3 2023 Earnings Call Transcript October 31, 2023 8:30 AM ET Company Participants Ryan Fiedler - VP of IR Jim Umpleby - Chairman and CEO Andrew Bonfield - CFO Conference Call Participants Michael Feniger - Bank of America Tami Zakaria - JP Morgan Rob Wertheimer - Melius Research David Raso - Evercore Steven Fisher - UBS Tim Thein - Citigroup Nicole DeBlase - Deutsche Bank Chad Dillard - Bernstein Kristen Owen - Oppenheimer Mig Dobre - Baird Mike Shlisky - D.A. Davidson Jerry Revich - Goldman Sachs Steve Volkmann - Jefferies Operator Ladies and gentlemen, welcome to the Third Quarter 2023 Caterpillar Earnings Conference Call.

Caterpillar Inc. (CAT) Q3 2023 Earnings Call Transcript

Industrial Select Sector SPDR Fund

FedEx

Honeywell

The Industrial Select Sector SPDR exchange-traded fund (XLI) has slid on crumbling investor sentiment.

Caterpillar, Honeywell, and Industrial Stocks Are Breaking Down. What's Next.

Caterpillar Inc.  (NYSE:CAT) earlier announced better-than-expected third-quarter profits, amid strong demand for high-end construction equipment after infrastructure investments, as well as price hikes and cost controls.

Caterpillar Stock Plummeting on Order Backlog Decline

Shares of Caterpillar NYSE: CAT fell after a sequential slow-down in business. The slowdown suggests slowing in the industrial equipment industry, foreshadowed by competitors such as Volvo OTCMKTS: VOLVY, but it's not the worry for investors that it could be.

Caterpillar crawls into a new buying opportunity

If it wasn't for the selloff in Caterpillar Inc.'s stock CAT, +1.51%, after the construction equipment maker reported third-quarter results, the Dow Jones Industrial Average DJIA, +1.58% would be headed for a nice gain at Tuesday's open. Caterpillar's stock sank 5.9% toward a 4 1/2-month low in the premarket.

Caterpillar's stock selloff shaves nearly 100 points off the Dow's price

Caterpillar (CAT) came out with quarterly earnings of $5.52 per share, beating the Zacks Consensus Estimate of $4.75 per share. This compares to earnings of $3.95 per share a year ago.

Caterpillar (CAT) Q3 Earnings and Revenues Top Estimates

Caterpillar Inc shares fell 3.9% despite reporting improved revenue and earnings in the third quarter,as it forecast a drop in margins in the fourth quarter. The Irving, Texas-based construction, mining and engineering giant said in the quarter ended September 30, revenue totalled $16.81 billion, a 12% increase compared with $14.99 billion a year ago.

Caterpillar falls after pointing to margin decline in fourth quarter

Freeport-McMoRan

Agreement includes 33 Cat® 793 trucks being converted to autonomous haulage  Caterpillar will assist with autonomy deployment, change management and training In addition to improving worker safety, Freeport-McMoRan (FCX) estimates change will cut Bagdad's GHG emissions and reduce idle time by 10,000 hours annually IRVING, Texas , Oct. 31, 2023 /PRNewswire/ -- Caterpillar (NYSE: CAT) and Freeport-McMoRan (FCX) announce that the two companies are collaborating to convert the mining company's fleet of 33 Cat® 793 haul trucks at its Bagdad mine in Arizona to an autonomous haulage system (AHS) using Cat MineStar™ Command for hauling.   "We look forward to partnering with Caterpillar to become the first U.S. copper mine to implement a fully autonomous haulage system and are excited about the numerous benefits it will bring to our Bagdad operation and employees," said Kathleen Quirk, President, Freeport-McMoRan.

Freeport-McMoRan to convert fleet of Cat® 793 trucks at its Bagdad mine in Arizona to autonomous haulage using Cat MineStar™ Command for hauling

Shares of Caterpillar Inc. CAT, +1.51% jumped 3.2% in premarket trading Tuesday, after the construction and mining equipment maker reported third-quarter profit and revenue that rose above expectations, boosted by both higher prices and higher volume. Net income rose to $2.79 billion, or $5.45 a share, from $2.04 billion, or $3.87 a share, in the year-ago period.

Caterpillar's stock jumps after big profit beat, as higher prices and volume boosts revenue

Third-quarter 2023 sales and revenues increased 12% to $16.8 billion Third-quarter 2023 profit per share of $5.45; adjusted profit per share of $5.52 Returned $1.0 billion to shareholders through dividends and share repurchases in the quarter Third Quarter ($ in billions except profit per share) 2023 2022 Sales and Revenues $16.8 $15.0 Profit Per Share $5.45 $3.87 Adjusted Profit Per Share $5.52 $3.95 IRVING, Texas , Oct. 31, 2023 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) announced third-quarter 2023 sales and revenues of $16.8 billion, a 12% increase compared with $15.0 billion in the third quarter of 2022. The increase was primarily due to favorable price realization and higher sales volume.

Caterpillar Reports Third-Quarter 2023 Results

Cat reports Tuesday morning. Wall Street is looking for earnings per share of $4.80 from sales of $16.6 billion.

Caterpillar Earnings Will Be All About the Backlog

Although the maker of construction and mining equipment has done a good job of beating quarterly earnings expectations — the company has missed just once in the past 13 quarters — it has also made a habit of disappointing investors.

Caterpillar earnings: What to expect from the construction equipment maker

Caterpillar's Q2 earnings on Aug. 1 lifted CAT stock to a record and the Dow Jones to its high-water mark of this year's rally. A lot has gone wrong since then.

CAT Stock Digs A Hole Ahead Of Dow Jones Bellwether's Q3 Report

American Express

Microsoft

The Dow Jones Industrial Average (NDEXDJX: DJI ) has officially entered a correction, defined as a drop of at least 10%. The relatively sharp decline has largely been caused by the increase of the interest rate on U.S. treasuries by about a percentage point in the last few months.

Dow Jones Correction: 3 Stocks to Buy on the Dip

Caterpillar (CAT) is well positioned to outperform the market, as it exhibits above-average growth in financials.

3 Reasons Growth Investors Will Love Caterpillar (CAT)

Caterpillar's (CAT) third-quarter 2023 results are likely to reflect strong demand in its segments, led by the Energy & Transportation segment.

Energy & Transportation to Drive Caterpillar's (CAT) Q3 Earnings

Emerson Electric

McDonald's

Medtronic

Sherwin-Williams

Stanley Black & Decker

Walmart

Dividend stocks might be your portfolio's antidote to protect itself against a dark economic winter. Historically, dividend-paying companies, often established and financially stable, are more resilient to economic downturns.

7 Dividend Stock Picks to Protect Your Portfolio From a Dark Winter

General Electric

Simpson Manufacturing

Manufacturing stocks tend to be a harbinger of both a growing and a slowing economy. The reason behind this is that manufacturing activity is a leading indicator of ongoing trends that may not be noticeable to retail investors.

The 3 Most Undervalued Manufacturing Stocks to Buy: October 2023

Cintas Corp

Several top-rated Zacks industrial products sector stocks stand out at the moment as these companies also hold spots on the coveted dividend aristocrats list.

Now is an Opportunistic Time to Buy These Industrial Products Stocks

Union Pacific

There's an under-the-radar market signal that suggests industrial stocks are about to soar. Fundstrat highlighted that credit default swaps tied to the sector have been outperforming the broader market.

An under-the-radar market signal suggests industrial stocks are about to surge

Clorox

NextEra Energy

If you look at MarketBeat's list of dividend aristocrats, you'll see a select group of publicly traded companies that have an outstanding track record of consistently increasing their dividend payouts for at least 25 consecutive years.

Are These 3 Dividend Aristocrats Undervalued Hidden Gems?

Caterpillar (CAT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Caterpillar (CAT) Earnings Expected to Grow: Should You Buy?

Automatic Data Processing

Ares Management

Cigna

Coterra Energy

CubeSmart

Deere & Company

EOG Resources

Intuit

JPMorgan Chase & Co

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Mastercard

McKesson

NXP Semiconductors

Old Dominion Freight Line

PulteGroup

UnitedHealth Group

Vanguard Dividend Appreciation ETF

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Zoetis

We pick high-growth dividend stocks that have rapidly grown their dividends in the recent past rather than offering a high current yield. We use our proprietary models to rate quantitatively and qualitatively and select the top ten names from an initial list of nearly 400 dividend stocks. We provide criteria for selecting high-growth dividend stocks, offering a step-by-step guide on structuring a portfolio based on this strategy.

Our Top 10 Picks For Dividend Growth Stocks - October 2023

Caterpillar's (CAT) third-quarter 2023 results are likely to reflect solid backlog levels, higher volumes across all of its segments and favorable price realization.

Will High Volumes Aid Caterpillar's (CAT) Q3 Earnings?

Here is how Caterpillar (CAT) and Stanley Black & Decker (SWK) have performed compared to their sector so far this year.

News for Caterpillar Stock (CAT)