"This hands-on, skills-based competition will test the technicians' agility, resilience and versatility," said Caterpillar Global Service Vice President Henry Venneman. "These trained experts are on the front line of support, working to keep machines and engines up and running to help ensure our customers' critical projects are completed."Cat dealers globally are experiencing a growing opportunity for technicians. By the end of 2026, it is estimated that Cat dealers may need to hire more than 44,000 technic ...

The company is exceeding its own expectations in 2024.Long-term investors in Caterpillar (CAT 0.62%) already know it's a cyclical company whose revenue and profit margins bounce around with its end markets. That knowledge won't stop traders from trying to guess the timing of the cycle. That's fair enough, but longer-term investors will want to focus on the key things that can change Caterpillar's long-term value, so here's a look at one of them.Caterpillar's cyclical revenue, margins, and earningsFirst, a g ...

Caterpillar Inc. (CAT) reported second-quarter 2024 results on Aug 6. Although revenues declined 4%, the company achieved year-over-year margin improvement and recorded its highest-ever quarterly earnings. Earnings surpassed expectations, but revenues fell short. Despite mixed results, Caterpillar’s moved up 6% since the report as the market had anticipated it to report declines in the top and the bottom line.The mining and construction equipment giant lowered its sales outlook for 2024 but provided upbeat ...

The company continues to bask in the afterglow of a significant quarterly earnings beat.One day after it published earnings that pleased investors, Caterpillar (CAT -0.20%) got some love from analysts, too. Wednesday saw a clutch of them raise their price targets on the sturdy industrial stock, moves that helped keep its share price more or less level while the S&P 500 index closed nearly 0.8% lower.Bottom-line blastCaterpillar crushed analyst profitability estimates for its second quarter, delivering a per ...

Caterpillar Inc. CAT shares are climbing on Wednesday, after the company reported strong second-quarter results.The results came amid an exciting earnings season. Here are some key analyst takeaways.BofA Securities On CaterpillarAnalyst Michael Feniger reiterated a Buy rating while reducing the price target from $385 to $376.Caterpillar reported better-than-expected second-quarter results, "demonstrating a higher/resilient EPS profile in a gloomy macro," Feniger said in a note. Adjusted earnings came in at ...

Table of Contents UNITED STATES Washington, D.C. 20549 SECURITIES AND EXCHANGE COMMISSION FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-768 CATERPILLAR INC. (Exact name of registrant as specified in its charter) Delaware 37-0602744 (State or other jurisdictio ...

U.S. stocks traded higher toward the end of trading, with the S&P 500 gaining more than 2% on Tuesday.The Dow traded up 1.92% to 39,444.86 while the NASDAQ rose 2.53% to 16,610.32. The S&P 500 also rose, gaining, 2.39% to 5,310.18.Leading and Lagging SectorsReal estate shares climbed by 2.7% on Tuesday.In trading on Tuesday, energy shares rose by just 1.1%.Top HeadlineCaterpillar Inc. CAT reported better-than-expected second-quarter financial results on Tuesday.Total sales and revenue for the quarter declin ...

Caterpillar, Inc. CAT shares are trading higher today after the company reported second-quarter FY24 results. Goldman Sachs analyst Jerry Revich maintained a Buy rating with a price target of $408.Total sales and revenue for the quarter declined 4% year-over-year to $16.69 billion, beating the consensus of $16.68 billion.Caterpillar’s adjusted earnings were $5.99 per share, compared to $5.55 a year ago and above the consensus of $5.54.Caterpillar anticipates 2024 sales and revenues to be slightly lower than ...

The industrial company is doing a great job with its pricing strategy.Shares of Caterpillar (CAT 3.89%) were up 4.5% by 11 a.m. on Tuesday. The move comes after the company's mixed earnings report. Sales declined, but Caterpillar is wringing profitability out of its operations, and investors have reason to believe that the company has structurally higher margins now.Caterpillar's mixed resultsThe company's end markets are slowing, and Wall Street expects its full-year revenue to decline by 1.5%. Moreover, C ...

Caterpillar Inc. (CAT) reported second-quarter 2024 adjusted earnings per share of a record $5.99, which beat the Zacks Consensus Estimate of $5.53 by a margin of 8.3%. The bottom-line figure marked an 8% year-over-year improvement.Favorable price realization and manufacturing costs and improved profit in the Energy & Transportation segment, mainly led to the improvement in CAT’s earnings. The company witnessed volume declines in its segments mainly attributed to changes in dealer inventories.Including one- ...