Caterpillar Reports Fourth Quarter and Full Year 2023 Results

Sales and revenue growth in the fourth quarter of 2023 3%，Annual sales and revenue growth of 13%

Earnings per share for the fourth quarter of 2023 were 5..28 dollars；Adjusted earnings per share was 5..$23

Earnings per share for the full year were 20 percent.$12；Adjusted earnings per share was 21..Twenty-one dollars

Strong net cash flow from operating activities，$12.9 billion；The company ended 2023 with $7 billion in cash

2023，Return $7.5 billion to shareholders through share buybacks and dividends

▲Click to view larger image

Caterpillar Inc（NYSE symbol：CAT）Recently announced the fourth quarter and full year results of 2023.。

171

 $100 million

  Sales and revenues for the fourth quarter of 2023

3%

 Growth

  Compared with the fourth quarter of 2022

$17.1 billion in sales and revenues in the fourth quarter of 2023，Up 3% from $16.6 billion in Q4 2022%。Operating margin was 18% in the fourth quarter of 2023.4%，Compared to 10 in the fourth quarter of 2022.1%。Adjusted operating margin for the fourth quarter of 2023 was 18 percent.9%，Compared to 17 in the fourth quarter of 2022%。Earnings per share for the fourth quarter of 2023 were 5..28 dollars，In the fourth quarter of 2022, earnings per share were 2..$79。Adjusted earnings per share for the fourth quarter of 2023 were 5..$23，In the fourth quarter of 2022, the adjusted earnings per share was 3..$86。

671

 $100 million

  Sales and revenue for the full year 2023

13%

 Growth

  Compared with the whole year of 2022

$67.1 billion in full-year sales and revenues in 2023，Up 13% from $59.4 billion in 2022%。The increase reflected price increases and volume growth.，Driven by increased sales of end-user devices，Partially offset by the impact of changes in dealer inventory。Operating margin in 2023 was 19 percent.3%，In 2022, the operating profit margin was 13..3%。Adjusted operating margin of 20% in 2023.5%，That compares with an adjusted operating margin of 15. 5% in 2022..4%。Earnings per share for the full year 2023 were 20 percent.$12，That compares with earnings per share of 12 in 2022..$64。Adjusted earnings per share in 2023 was 21..Twenty-one dollars，The adjusted earnings per share in 2022 was 13..84 dollars。

“I am proud of the strong performance of the Caterpillar global team.。We achieved the best annual performance in the company's 98-year history.，Including record full-year sales and revenues、Adjusted earnings per share and machinery、Cash flow of energy and transportation business。We remain committed to serving our customers.、Execute the enterprise strategy，And invest in long-term profitable growth。”

Chairman of the Board, Caterpillar Inc

And chief executive officer

An Bojun

2023，Both adjusted operating margin and adjusted earnings per share exclude restructuring costs。Restructuring costs include the Company's divestiture of longwall（Longwall）Impact on business and other restructuring costs。Adjusted earnings per share for 2023 also exclude the benefit of adjustments to certain deferred tax valuation allowances.，And mark-to-market revaluation gains resulting from the settlement of pension obligations and other post-employment benefit plans。2022，Adjusted operating margin and adjusted earnings per share exclude goodwill impairment charges as well as restructuring costs and other restructuring costs related to the railroad business unit.。Adjusted earnings per share for 2022 also exclude mark-to-market revaluation gains resulting from the settlement of pension obligations and other post-employment benefit plans.。

All year 2023，Net cash flow from operating activities was $12.9 billion.。During 2023，The company repurchased $5 billion of Caterpillar common stock and paid $2.6 billion in dividends.。At the end of 2023，The company has $7 billion in cash.，Liquidity remains strong。

Previous: CCCC Xizhu: The Youth League Committee of the Company organized the tree planting activity of "planting this green to live up to the spring scenery"

Next: Struggle to Meet Again, Sany Restart "Striver" Award Ceremony Held Solemnly