Caterpillar said its Q2 2024 sales and revenues were $16.689 billion, a decrease of $629 million (4%) from $17.318 billion a year earlier. The company said the decrease was mainly due to a $1.206 billion decrease in sales volume, partially offset by a $578 million increase from price realization.

1. 01

   Caterpillar said its Q2 2024 sales and revenues were $16.689 billion, a decrease of $629 million (4%) from $17.318 billion a year earlier. The company said the decrease was mainly due to a $1.206 billion decrease in sales volume, partially offset by a $578 million increase from price realization.

2. 02

   The company said operating profit for Q2 2024 was $3.482 billion, down $170 million (5%) from $3.652 billion a year earlier. It cited a $227 million increase in restructuring costs, mainly due to the divestiture of 2 non-U.S. entities, as a factor.

3. 03

   Caterpillar said diluted profit per share for Q2 2024 was $5.48 ($5.67 a year earlier) and adjusted profit per share was $5.99 ($5.55 a year earlier). The company said it excluded restructuring costs from its adjusted results for 2024 and 2023.

4. 04

   Caterpillar said enterprise operating cash flow for Q2 2024 was $3.0 billion, and it ended the quarter with $4.3 billion of enterprise cash. The company also said it deployed $2.5 billion of cash in the quarter, including $1.8 billion for share repurchases and $0.6 billion for dividends.

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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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