Caterpillar Inc. (NYSE: CAT) announced its first quarter 2020 earnings results today.
![Caterpillar reports Q1 2020 earnings results](https://cdn.news.alphastreet.com/wp-content/uploads/2020/04/Caterpillar-Q1-2020-Earnings-Infographic.jpg)
Total sales and revenues dropped 21% year-over-year to $10.6 billion, due to lower sales volume driven by lower end-user demand and the impact from changes in dealer inventories. Profit per share was $1.98, compared with $3.25 in the year-ago quarter.
Caterpillar stated that its financial results for the remainder of 2020 will be impacted by continued global economic uncertainty due to the COVID-19 pandemic. The company withdrew its guidance on March 26 and will not provide an outlook for 2020 at this time.
Past Performance
![caterpillar Q4 2019 earnings infographic](https://cdn.news.alphastreet.com/wp-content/uploads/2020/01/Caterpillar-Q4-2019-earnings-infographic-608x1024.png)
![caterpillar Q3 2019 earnings infographic](https://cdn.news.alphastreet.com/wp-content/uploads/2019/10/Caterpillar-Q3-2019-Earnings-Infographic-608x1024.jpg)
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