Caterpillar (CAT) tops earnings expectations but sales volume declines
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Cat Financial Announces First-Quarter 2024 Results
April 25, 2024 6:31 AM EDTNASHVILLE, Tenn., April 25, 2024 /PRNewswire/ -- Cat Financial reported first-quarter 2024 revenues of $853 million, an increase of $85 million, or 11%, compared with $768 million in the first quarter of 2023. The increase in revenues was primarily due to a $69 million favorable impact from higher average financing rates and a $32 million favorable impact from higher average earning assets. First-quarter 2024 profit was $169 million, an increase of $20 million, or 13%,... More
Caterpillar Reports First-Quarter 2024 Results
April 25, 2024 6:30 AM EDTFirst-quarter 2024 profit per share of $5.75; adjusted profit per share of $5.60Enterprise operating cash flow was $2.1 billion in the first quarter of 2024Deployed $5.1 billion of cash for share repurchases and dividends in the first quarter
First... More
