"CAT reported third-quarter earnings of $4.95 per share, crushing the $4.52 consensus estimate by 43 cents. Revenue came in at $17.64 billion, beating expectations of $16.77 billion by $870 million, or 5.2%. Revenue showed a 10% increase from the same quarter a year earlier. Caterpillar's beat came despite a 3% year-over-year decline in operating income ($3.052 billion) and margin compression that investors will need to monitor closely going forward."
"Energy & Transportation led the charge with $8.397 billion in sales, up 17% year over year. This segment benefited from strong demand in power generation and industrial applications, offsetting softer performance elsewhere. Construction Industries generated $6.76 billion in sales, up 7%, while Resource Industries contributed $3.11 billion with just 2% growth. The company highlighted a growing backlog and higher sales volume to end users as drivers of the quarter's strength."
Caterpillar posted third-quarter earnings of $4.95 per share, beating the $4.52 consensus by $0.43. Revenue reached $17.64 billion, surpassing expectations by $870 million and rising 10% year over year. Operating income fell 3% to $3.052 billion, and operating margin contracted to 17.3% from 19.5% due to unfavorable manufacturing costs, higher selling, general and administrative expenses, and tariff impacts. Energy & Transportation sales rose 17% to $8.397 billion, Construction Industries sales increased 7% to $6.76 billion, and Resource Industries gained 2% to $3.11 billion. Operating cash flow was $3.7 billion and cash on hand totaled $7.5 billion, with a growing backlog and higher end-user sales cited as growth drivers. Shares rallied, trading near $523 after a recent month-long 25% surge.
Read at 24/7 Wall St.
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