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Caterpillar(CAT) - 2024 Q3 - Earnings Call Transcript
2024-10-30 15:33
Caterpillar Inc. (NYSE:CAT) Q3 2024 Earnings Conference Call October 30, 2024 8:30 AM ET Company Participants Ryan Fiedler - Vice President, Investor Relations Jim Umpleby - Chairman & Chief Executive Officer Andrew Bonfield - Chief Financial Officer Conference Call Participants Jerry Revich - Goldman Sachs Tami Zakaria - JPMorgan Angel Castillo - Morgan Stanley Jamie Cook - Truist Securities David Raso - Evercore ISI Michael Feniger - Bank of America Kristen Owen - Oppenheimer & Company Steven Fisher - UBS ...
Caterpillar profit falls short as demand wanes
Proactiveinvestors NA· 2024-10-30 15:18
About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and onl ...
Compared to Estimates, Caterpillar (CAT) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-30 14:36
Caterpillar (CAT) reported $16.11 billion in revenue for the quarter ended September 2024, representing a yearover-year decline of 4.2%. EPS of $5.17 for the same period compares to $5.52 a year ago. The reported revenue represents a surprise of -1.50% over the Zacks Consensus Estimate of $16.35 billion. With the consensus EPS estimate being $5.33, the EPS surprise was -3.00%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...
Caterpillar (CAT) Lags Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-30 12:41
Caterpillar (CAT) came out with quarterly earnings of $5.17 per share, missing the Zacks Consensus Estimate of $5.33 per share. This compares to earnings of $5.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3%. A quarter ago, it was expected that this construction equipment company would post earnings of $5.53 per share when it actually produced earnings of $5.99, delivering a surprise of 8.32%.Over the last four quarters ...
Caterpillar(CAT) - 2024 Q3 - Earnings Call Presentation
2024-10-30 12:23
| --- | --- | --- | |------------------------------------------------------|-------|-------| | | | | | | | | | Third Quarter 2024 Financial Review October 30, 2024 | | | | | | | 3Q 2024 EARNINGS RELEASE 2 Caterpillar: Confidential Yellow Forward-Looking Statements Certain statements in this financial review relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "estimate," "will be," "wi ...
Caterpillar(CAT) - 2024 Q3 - Quarterly Results
2024-10-30 10:33
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol (s) Name of each exchange which registered Common Stock ($1.00 par value) CAT The New York Stock Exchange 5.3% Debentures due September 15, 2035 CAT35 The New York Stock Exchange FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 9, 2024 CATERPILLAR INC. (Exact name of registrant as specified in its ch ...
Caterpillar Reports Third-Quarter 2024 Results
Prnewswire· 2024-10-30 10:30
Third-quarter 2024 profit per share of $5.06; adjusted profit per share of $5.17 Enterprise operating cash flow was $3.6 billion in the third quarter of 2024 Deployed $1.5 billion of cash for share repurchases and dividends in the third quarter Third Quarter ($ in billions except profit per share) 2024 2023 Sales and Revenues $16.1 $16.8 Profit Per Share $5.06 $5.45 Adjusted Profit Per Share $5.17 $5.52 Please see a reconciliation of GAAP to non-GAAP financial measu ...
Should You Pick Caterpillar Stock Ahead Of Q3?
Forbes· 2024-10-28 17:32
Close-up of CAT (Caterpillar Inc) logo on construction equipment, Lafayette, California, August 20, ... [+] 2024. (Photo by Smith Collection/Gado/Getty Images) Gado via Getty Images Caterpillar (NYSE: CAT) will report its Q3 2024 results on Tuesday, October 29. We expect the company's revenues to come in at $16.2 billion and adjusted earnings of $5.36 per share, broadly aligning with the consensus estimates. The company should see a decline in sales amid lower dealer inventory levels and overall weakness in ...
How Should You Play the CAT Stock Ahead of Q3 Earnings Release?
ZACKS· 2024-10-25 16:50
Caterpillar Inc. (CAT) is anticipated to record top and bottom-line declines when it reports third-quarter 2024 results on Oct. 30, before the opening bell. The Zacks Consensus Estimate for third-quarter 2024 earnings has moved down 0.6% over the past 60 days to $5.33 per share. The consensus mark implies a 3.4% dip from the year-ago actual. The Zacks Consensus Estimate for revenues is pegged at $16.35 billion, suggesting a 2.7% year-over-year decline. | --- | --- | --- | --- | --- | |---------------------- ...
Exploring Analyst Estimates for Caterpillar (CAT) Q3 Earnings, Beyond Revenue and EPS
ZACKS· 2024-10-25 14:20
Wall Street analysts expect Caterpillar (CAT) to post quarterly earnings of $5.33 per share in its upcoming report, which indicates a year-over-year decline of 3.4%. Revenues are expected to be $16.35 billion, down 2.7% from the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Prior to a company's earnings ...