Caterpillar ( (CAT) ) has released its Q4 earnings. Here is a breakdown of the information Caterpillar presented to its investors.
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Caterpillar Inc., a leading manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines, operates globally, providing innovative products and services primarily through its Construction Industries, Resource Industries, and Energy & Transportation segments, along with financing services through its Financial Products segment.
In its latest earnings report, Caterpillar announced fourth-quarter 2024 sales and revenues of $16.2 billion and full-year 2024 sales and revenues of $64.8 billion. Despite a 3% decrease in full-year sales compared to 2023, the company achieved a record adjusted profit per share of $21.90, reflecting its strategic focus on long-term growth and profitability.
Key highlights from the report indicate a decline in sales across all primary segments, attributed mainly to lower sales volumes and changes in dealer inventories. However, Caterpillar’s operating profit margin improved to 20.2% for the full year, up from 19.3% in 2023, showcasing effective cost management and pricing strategies. Additionally, the company generated a strong operating cash flow of $12 billion and deployed $10.3 billion for share repurchases and dividends.
Caterpillar’s management remains optimistic about the future, emphasizing their commitment to strategy execution and customer service as they enter their centennial year. The company’s focus on innovation and investment in sustainable solutions positions it well for long-term growth amidst ongoing economic challenges.
