Categories AlphaGraphs, Earnings, Industrials
CAT Earnings: Highlights of Caterpillar’s Q3 2022 results
Construction-equipment manufacturer Caterpillar Inc. (NYSE: CAT) on Thursday reported double-digit growth in third-quarter revenues and adjusted earnings. The company’s stock made strong gains following the announcement.
Net profit increased to $2.04 billion or $3.87 per share in the September quarter from $1.43 billion or $2.60 per share in the same period of last year. Unadjusted profit was $3.95 per share, compared to $2.66 per share in the third quarter of 2021.
The bottom line benefited from a 21% increase in sales & revenues to $15.0 billion. All the key operating segments registered double-digit revenue growth.
Check this space to read management/analysts’ comments on Caterpillar’s Q3 2022 results
“I’d like to thank our global Caterpillar team for delivering another quarter of double-digit top-line growth and record adjusted profit per share. Our team remains focused on serving our customers as we continued to see healthy demand across most of our end markets during the third quarter,” said Caterpillar’s chief executive officer Jim Umpleby.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
After strong Q3, can Salesforce (CRM) keep the momentum going?
Salesforce, Inc. (NYSE: CRM) reported strong third-quarter results this week, triggering a stock rally that marked one of the biggest single-day gains. The impressive performance reflects the continued strong demand
What to look for when J.M. Smucker (SJM) reports Q2 2024 earnings
Shares of the J.M. Smucker Co. (NYSE: SJM) rose over 1% on Friday. The stock has dropped 29% year-to-date. The branded foods company is set to report its earnings results
Ulta Beauty (ULTA) Earnings: 3Q23 Key Numbers
Ulta Beauty, Inc. (NASDAQ: ULTA) reported net sales of $2.5 billion for the third quarter of 2023, up 6.4% year-over-year, helped by increased comparable sales, strong new store performance, and