Caterpillar said total sales and revenues for Q1 2024 were $15.799 billion, down $63 million from $15.862 billion a year earlier, or about flat. The company said lower sales volume of $684 million was mostly offset by price realization of $575 million.

1. 01

   Caterpillar said total sales and revenues for Q1 2024 were $15.799 billion, down $63 million from $15.862 billion a year earlier, or about flat. The company said lower sales volume of $684 million was mostly offset by price realization of $575 million.

2. 02

   The company said operating profit for Q1 2024 rose 29% to $3.519 billion, and operating profit margin was 22.3% (17.2% a year earlier). It reported profit per share of $5.75 and adjusted profit per share of $5.60. The company cited the absence of the 2023 Longwall divestiture impact of $586 million and price realization of $575 million as factors behind the increase in operating profit.

3. 03

   The company said it had cash of $4.96 billion on a consolidated basis as of Q1 2024, a decrease of $2.02 billion from the end of 2023. It also said consolidated operating cash flow for the past 3 months rose $479 million from the same period a year earlier, to $2.05 billion.

4. 04

   The company expects full-year 2024 sales and revenues to be broadly similar to 2023, and it expects restructuring costs of $300 million to $450 million and capital expenditures of $2.0 billion to $2.5 billion. It said firm backlog was about $27.9 billion as of the end of Q1 2024.

Key figures

Quarter ended March 31, 2024

Revenue

$15.8B

Operating income

$3.5B

Net income

$2.9B

EPS

$5.75

Operating cash flow

$2.1B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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