Caterpillar Inc. (NYSE:CAT) Q2 2024 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Ryan Fiedler - Vice President of Investor Relations James Umpleby - Chairman and Chief Executive Officer Andrew Bonfield - Chief Financial Officer Conference Call Participants Chad Dillard - Bernstein Jamie Cook - Truist Securities Stephen Volkmann - Jefferies Robert Wertheimer - Melius Research David Raso - Evercore ISI Michael Feniger - Bank of America Jerry Revich - Goldman Sachs Tami Zakaria - JP ...

For the quarter ended June 2024, Caterpillar (CAT) reported revenue of $16.69 billion, down 3.6% over the same period last year. EPS came in at $5.99, compared to $5.55 in the year-ago quarter.The reported revenue represents a surprise of -0.45% over the Zacks Consensus Estimate of $16.76 billion. With the consensus EPS estimate being $5.53, the EPS surprise was +8.32%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expe ...

Caterpillar Inc. (NYSE:CAT) stock is up 3.2% to trade at $326.79 at last check, after the blue chip reported better-than-expected earnings and revenue for the second quarter. The company noted higher prices for larger excavators and equipment offset slower demand in North America.The shares are bouncing off a familiar floor at $310, which served as a launching pad in February to their April 8, record high of $382.01. While CAT has cooled from that peak, it looks to be relying on support from the 200-day mov ...

Caterpillar’s NYSE: CAT stock price was not immune to the threat of recession, but its Q2 results disprove the idea that the global economy is on the brink now. The report highlights outperformance on the top and bottom lines driven by sequential improvements in all segments and regions. The company is still in contraction compared to last year’s figures, but a return to growth is expected by the end of the year, and now, a budding tailwind is strengthening. The July NFP report suggests weakening in the US ...

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 ...

Caterpillar (CAT) came out with quarterly earnings of $5.99 per share, beating the Zacks Consensus Estimate of $5.53 per share. This compares to earnings of $5.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.32%. A quarter ago, it was expected that this construction equipment company would post earnings of $5.12 per share when it actually produced earnings of $5.60, delivering a surprise of 9.38%.Over the last four quarte ...

Key TakeawaysCaterpillar reported lower second-quarter revenue than analysts had expected, but net income narrowly beat estimates despite falling from last year.Adjusted profits beat estimates by a wider margin and rose year-over-year.The construction vehicle manufacturer's stock rose following the earnings report's release. Caterpillar (CAT) shares are rising in premarket trading Tuesday as the construction vehicle maker's second-quarter profits beat analysts' estimates, offsetting another quarter of reven ...

As government initiatives continue to channel significant funds into revitalizing America’s infrastructure, the appeal of infrastructure stocks seems more vibrant than ever. A notable driver behind this excitement is the Infrastructure Investment and Jobs Act (IIJA), also known as the Bipartisan Infrastructure Law (BIL), signed into law in November 2021 and still running today. This landmark legislation sets out to modernize the nation’s crumbling infrastructure, focusing on key areas like roads, bridges, w ...

Exhibit 99.1 Caterpillar Inc. 2Q 2024 Earnings Release FOR IMMEDIATE RELEASE Second Quarter ($ in billions except profit per share) 2024 2023 Sales and Revenues $16.7 $17.3 Profit Per Share $5.48 $5.67 Adjusted Profit Per Share $5.99 $5.55 Caterpillar Reports Second-Quarter 2024 Results ● Second-quarter 2024 profit per share of $5.48; adjusted profit per share of $5.99 ● Enterprise operating cash flow was $3.0 billion in the second quarter of 2024 ● Deployed $2.5 billion of cash for share repurchases and di ...

Second-quarter 2024 profit per share of $5.48; adjusted profit per share of $5.99Enterprise operating cash flow was $3.0 billion in the second quarter of 2024Deployed $2.5 billion of cash for share repurchases and dividends in the second quarterSecond Quarter ($ in billions except profit per share) 2024 2023 Sales and Revenues $16.7 $17.3 Profit Per Share $5.48 $5.67 Adjusted Profit Per Share $5.99 $5.55 Please see a reconciliation of GAAP to non-GAAP financial measures in the appendix on pages 13 and 14. I ...