Morgan Stanley on Caterpillar (CAT): 'We expect a positive stock reaction'
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Go back to Morgan Stanley on Caterpillar (CAT): 'We expect a positive stock reaction'
February 5, 2024 6:31 AM EST
NASHVILLE, Tenn., Feb. 5, 2024 /PRNewswire/ --Â
Full-Year 2023 vs. Full-Year 2022
Cat Financial reported revenues of $3.25 billion for 2023, an increase of $514 million, or 19%, compared with $2.73 billion for 2022. The increase in revenues was primarily due to a $450 million favorable impact from higher average financing rates. Profit was $563 million for 2023, an increase of $28 million, or 5%, compared with $535 million for 2022.
Profit before income taxes was $760 million for 2023,... More
February 5, 2024 6:30 AM EST
Fourth-quarter 2023 sales and revenues up 3%; full-year sales and revenues up 13%Fourth-quarter 2023 profit per share of $5.28; adjusted profit per share of $5.23Full-year profit per share of $20.12; adjusted profit per share of $21.21Strong operating cash flow of $12.9 billion; ended the year with $7.0 billion of enterprise cashReturned $7.5 billion to shareholders through share repurchases and dividends in 2023
Fourth... More
