Caterpillar (CAT) Tops Q3 EPS by 46c
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Cat Financial Announces Third-Quarter 2021 Results
October 28, 2021 6:31 AM EDTNASHVILLE, Tenn., Oct. 28, 2021 /PRNewswire/ --Â Cat Financial reported third-quarter 2021 revenues of $634 million, an increase of $36 million, or 6%, compared with the third quarter of 2020. Third-quarter 2021 profit was $101 million, an increase of $53 million, or 110%, compared with the third quarter of 2020.
Third-quarter 2021 profit before income taxes was $131 million, an increase of $35 million, or 36%, compared with the third quarter of 2020. The increase was primarily due to a $27 million favorable impact from returned or repossessed equipment, an $11 million decrease in provision for credit losses and a $10 million increase in net yield on average earning assets. These favorable impacts were partially... More
