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Caterpillar sees FY24 revenue view slightly lower than previously expected
The Fly

Caterpillar sees FY24 revenue view slightly lower than previously expected

Says full-year expectations for adjusted operating profit margin and adjusted profit per share remain unchanged compared to expectations at last earnings call. Says expect FY24 adjusted operating profit margin to be above the top of the target range relative to the expected corresponding level of sales and revenues. Says expects FY24 ME&T free cash flow to be near the top of the $5B to $10B annual target range. Says anticipates services growth in 2024.

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