Caterpillar (CAT) Tops Q1 EPS by 74c; Raises Outlook

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Go back to Caterpillar (CAT) Tops Q1 EPS by 74c; Raises Outlook

Cat Financial Announces First-Quarter 2018 Results

April 24, 2018 7:31 AM EDT

NASHVILLE, Tenn., April 24, 2018 /PRNewswire/ -- Cat Financial reported first-quarter 2018 revenues of $690 million, an increase of $28 million, or 4 percent, compared with the first quarter of 2017. First-quarter 2018 profit was $91 million, a $24 million, or 21 percent, decrease from the first quarter of 2017.

The increase in revenues was primarily due to a $19 million favorable impact from higher average earning assets and a $16 million favorable impact from higher average financing rates, partially offset by an $11 million unfavorable impact from lower lending activity with Caterpillar.

Profit before income taxes was $124 million for the first quarter of 2018, compared with $167 million for the... More