Infographic: Caterpillar (CAT) reports lower Q3 revenue and adj. profit

Caterpillar Inc. (NYSE: CAT), a leading manufacturer of construction and mining equipment, on Wednesday reported a decrease in revenue and adjusted earnings for the third quarter of 2024. Sales and revenues for the September quarter were $16.1 billion, compared to $16.8 billion in the same period of 2023. Higher sales in the Energy & Transportation […]

$CAT October 30, 2024 1 min read

NYSE

$CAT · Earnings

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Caterpillar Inc. (NYSE: CAT), a leading manufacturer of construction and mining equipment, on Wednesday reported a decrease in revenue and adjusted earnings for the third quarter of 2024. Sales and revenues for the September quarter were $16.1 billion, compared to $16.8 billion in the same period of 2023. Higher sales in the Energy & Transportation […]
· October 30, 2024

Caterpillar Inc. (NYSE: CAT), a leading manufacturer of construction and mining equipment, on Wednesday reported a decrease in revenue and adjusted earnings for the third quarter of 2024.

Caterpillar Q3 2024 earnings infographic

Sales and revenues for the September quarter were $16.1 billion, compared to $16.8 billion in the same period of 2023. Higher sales in the Energy & Transportation segment were more than offset by a decline in the Construction division.

Third-quarter earnings, on a per-share basis, decreased to $5.06 from $5.45 in the prior-year quarter. Adjusted profit per share was $5.17 for the three months, compared with $5.52 last year.

“I’d like to thank our global team for delivering strong adjusted operating profit margin and adjusted profit per share while generating robust ME&T free cash flow,” said Caterpillar’s CEO Jim Umpleby.