Caterpillar: EPS down 6% in Q3

(CercleFinance.com) - Caterpillar reports adjusted EPS (i.
e. excluding restructuring costs) that is down over 6% to $5.17 for Q3 2024, with an adjusted operating margin down 0.8 point at 20%. NB: pmt -3.9%.

Revenues for the construction equipment manufacturer fell by 4% to $16.1bn, mainly on lower sales volumes to end customers, as well as a negative effect from inventory changes at distributors.

However, claiming solid free cash flow for ME&T (machinery, energy and transportation), CEO Jim Umpleby believes these Q3 results reflect the benefit of the group's diverse end markets.


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