First Quarter 2024 Financial Review April 25, 2024 1Q 2024 EARNINGS RELEASE 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," "will," "would," "expect," "anticipate," "plan," "forecast," "target," "guide," "project," "intend," "could," "should" or other similar words or expressions often id ...

Caterpillar excavators are seen in Warsaw, Poland on April 23, 2024. (Photo by Jakub ... [+] Porzycki/NurPhoto via Getty Images)NurPhoto via Getty ImagesCaterpillar Caterpillar (NYSE: CAT) recently reported its Q1 results, with revenues missing but earnings comfortably above our estimates. The company reported revenue of $15.8 billion and earnings of $5.60 on a per share and adjusted basis, compared to our estimates of $16.4 billion and $5.18, respectively. The overall volume remained lower, while pricing g ...

IRVING, Texas, April 29, 2024 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT – Euronext Paris: CATR) (the "Company" or "Caterpillar") today announced that, following a comprehensive review of the significantly low trading volume, costs and administrative requirements related to the listing of its common stock (ISIN US1491231015) on exchanges other than the New York Stock Exchange ("NYSE"), it requested the voluntary delisting of its shares from the regulated market of Euronext in Paris ("Euronext Paris"). This ...

The demand for infrastructure services will surge as governments around the world prioritize upgrading and expanding essential networks. From transportation and energy to water systems and telecommunications, infrastructure stocks to buy offer promising growth potential for investors. These companies often enjoy stable cash flows, supported by essential services and government contracts. Moreover, advancements in technology and sustainability initiatives continue to drive innovation within the infrastructur ...

Key PointsKinder Morgan, Shell and Caterpillar have had unusual call option activity recently, which could mean they are about to make a run higher. These companies are tied to the same fundamental macro trend in the U.S. economy, boosting the odds of these traders being right. Wall Street analysts agree that price targets and institutional ownership should be safety checks.5 stocks we like better than CaterpillarBuying options is a way to increase the leverage on a trade, as it takes an investor less out-o ...

With the presidential election just months away, one of the hottest topics will be the nation’s infrastructure — especially after the bridge collapse in Baltimore, Maryland. All of which should be a strong catalyst for some of the top infrastructure stocks.That bridge collapse also ignited calls to fix many of America’s aging bridges. In fact, according to Mary Kane, president and CEO of the Maryland Chamber of Commerce, noted, “This event has underscored the crucial role that our nation’s infrastructure pl ...

Dow Jones Industrial Average (DJI) components Caterpillar Inc. (NYSE:CAT) and Merck & Co Inc (NYSE:MRK) are moving in opposite directions today after their respective first-quarter earnings reports, as the blue-chip index eyes its worst single-day decline since March 2023.Caterpillar stock is down 6.4% at $340.21 at last check, after the heavy equipment maker missed first-quarter revenue estimates and issued a weak current-quarter forecast. Shares fell to their lowest level since early February on the news, ...

For the quarter ended March 2024, Caterpillar (CAT) reported revenue of $15.8 billion, down 0.4% over the same period last year. EPS came in at $5.60, compared to $4.91 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $16.07 billion, representing a surprise of -1.69%. The company delivered an EPS surprise of +9.38%, with the consensus EPS estimate being $5.12.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...

Caterpillar Inc. (NYSE:CAT) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Jim Umpleby - Chairman and Chief Executive Officer Andrew Bonfield - Chief Financial Officer Kyle Epley - Senior Vice President of the Global Finance Services Division Rob Rengel - Senior Director of IR Ryan Fiedler - Vice President of Investor Relations Conference Call Participants Tami Zakaria - JP Morgan Michael Feniger - Bank of America Jamie Cook - Truist Securities David Raso - Evercore ISI ...

Key TakeawaysCaterpillar stock dropped Thursday as weak sales offset an earnings beat in the company's first-quarter results.The construction equipment and engine manufacturer saw sales decline slightly compared with the first quarter of 2023, which was mostly offset by higher prices.International sales suffered, with sales for some categories falling as much as 25% year-over-year in some regions. Caterpillar (CAT) shares fell sharply in intraday trading Thursday as lower-than-expected sales offset a strong ...