Caterpillar (CAT) Tops Q2 EPS by 18c
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July 30, 2021 6:31 AM EDT
NASHVILLE, Tenn., July 30, 2021 /PRNewswire/ -- Cat Financial reported second-quarter 2021 revenues of $646 million, an increase of $5 million, or 1%, compared with the second quarter of 2020. Second-quarter 2021 profit was $142 million, an increase of $83 million, or 141%, compared with the second quarter of 2020.
The increase in revenues was primarily due to a $17 million favorable impact from returned or repossessed equipment and a $7 million favorable impact from higher average earning assets, partially offset by an $18 million unfavorable impact from lower average financing rates.
Second-quarter 2021 profit before income taxes was $189 million, an increase of $100 million, or 112%, compared with the second... More
