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Caterpillar (CAT)
:CAT
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
4.42Last Year’s EPS
5.6Same Quarter Last Year
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: -10.23%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
Caterpillar's 2024 performance was marked by a record adjusted profit per share and strong ME&T free cash flow, despite a decrease in total sales and revenues. The company faced challenges in sales volume and operating profit margin, particularly in the construction and resource industries. However, growth in services revenue and a strong backlog provided positive indications for future performance.Company Guidance
During the fourth quarter of 2024, Caterpillar reported a 5% decrease in sales and revenues, totaling $16.2 billion. The adjusted operating profit margin was 18.3%, falling below expectations due to lower sales volume and an unfavorable product mix. Adjusted profit per share was $5.14, with $3 billion generated in ME&T free cash flow. For the full year, sales and revenues reached $64.8 billion, a 3% decline from 2023. However, services revenues increased by 4% to $24 billion, contributing to a record adjusted profit per share of $21.90. The company achieved $9.4 billion in ME&T free cash flow, near the top of its target range, allowing for $10.3 billion to be returned to shareholders. Looking forward to 2025, Caterpillar anticipates slightly lower sales and revenues but expects services revenues to grow across all segments. The adjusted operating profit margin is forecasted to be in the top half of the target range, with ME&T free cash flow projected to remain in the top half of the $5 billion to $10 billion target range.Record Adjusted Profit Per Share
Caterpillar achieved a record adjusted profit per share in 2024 of $21.90, a 3% increase over 2023.
Strong ME&T Free Cash Flow
Caterpillar generated $9.4 billion of ME&T free cash flow in 2024, which was near the top of their target range.
Increased Services Revenue
Services revenue increased by 4% to $24 billion in 2024, contributing to resilient performance despite a decline in the overall top line.
Strong Backlog
The backlog increased by $1.3 billion to $30 billion by the end of the fourth quarter, showing strong order activity, particularly in energy and transportation.
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CAT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CAT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $393.23 | $374.98 | -4.64% |
| Oct 30, 2024 | $386.09 | $377.85 | -2.13% |
| Aug 06, 2024 | $314.51 | $324.08 | +3.04% |
| Apr 25, 2024 | $359.43 | $334.20 | -7.02% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Caterpillar (CAT) report earnings?
Caterpillar (CAT) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Caterpillar (CAT) earnings time?
Caterpillar (CAT) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CAT EPS forecast?
CAT EPS forecast for the fiscal quarter 2025 (Q1) is 4.42.
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