Caterpillar reported solid third-quarter results driven by resilient demand and focused execution across its segments, positioning the company for sustained momentum and long-term profitable growth.
Sales and revenues increased 10% to $17.6 billion, primarily due to higher sales volume of equipment to end users.
positiveEnergy & Transportation segment sales increased 17% to $8.4 billion, driven by higher sales volume in Oil and Gas, and Power Generation applications.
positiveEnterprise operating cash flow was strong at $3.7 billion in the quarter.
positiveOperating profit margin decreased to 17.3% from 19.5% in the prior year, impacted by unfavorable manufacturing costs and higher SG&A/R&D expenses.
negativeProfit per share decreased to $4.88 from $5.06 in the prior year, impacted by an increase in the effective tax rate and a net discrete tax charge.
negativeResource Industries segment profit decreased 19% to $499 million, primarily due to unfavorable manufacturing costs and price realization.
negativeConstruction Industries segment profit decreased 7% to $1.377 billion, impacted by unfavorable price realization and manufacturing costs.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Energy & Transportation | $156000.0B | — | — | — |
Financial Products Segment | $42000.0B | — | — | — |
All Other Segment | $-1000.0B | — | — | 33.3% |
Corporate Items and Eliminations | $-5000.0B | — | — | 166.7% |
Resource Industries | $-19000.0B | — | — | 633.3% |
Corporate Items and Eliminations | $-176000.0B | — | — | 5866.7% |
| Total Revenue | $-3000.0B | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
Solid performance driven by resilient demand and focused execution across three primary segments.
Continued discipline in a dynamic environment, coupled with a growing backlog, positions for sustained momentum and long-term profitable growth.
Higher sales volume was mainly driven by higher sales of equipment to end users.
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