Caterpillar (CAT) Tops Q1 EPS by 93c

Caterpillar (NYSE: CAT) reported Q1 EPS of $2.87, $0.93 better than the analyst estimate of $1.94. Revenue for the quarter rose 12% to $11.9 billion versus the consensus estimate of $11.09 billion.

Operating profit margin was 15.3% for the first quarter of 2021, compared with 13.2% for the first quarter of 2020.

For the three months ended March 31, 2021, enterprise operating cash flow was $1.9 billion. Caterpillar ended the first quarter with $11.3 billion of enterprise cash.

"I'm proud of our global team's strong performance as they continue to serve our customers," said Caterpillar Chairman and CEO Jim Umpleby. "We're encouraged by improving conditions in our end markets and are proactively managing supply chain risks. Our dedicated team continues to execute our strategy for long-term profitable growth."

For earnings history and earnings-related data on Caterpillar (CAT) click here.

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