Caterpillar Reports First Quarter 2024 Results

May 08, 2024

Earnings per share for the first quarter of 2024 was5.75Dollar；Adjusted earnings per share was 5..Sixty dollars

Cash flow from operating activities for the first quarter of 2024 was2.1 billionDollar

Input in the first quarter5.1 billionCash in US dollars，For share repurchases and dividends

Caterpillar Inc（NYSE symbol：CAT）Announces First Quarter 2024 Results。

Sales and revenues for the first quarter of 2024 were $15.8 billion.，Basically the same as the first quarter of 2023，The reason is that most of the impact of the decline in sales is offset by the increase in prices.。

Operating margin was 22% in the first quarter of 2024.3%，Compared to 17 in the first quarter of 2023.2%。Adjusted operating margin for the first quarter of 2024 was 22 percent.2%，Compared to 21 in the first quarter of 2023.1%。Earnings per share for the first quarter of 2024 were 5..$75，Compared to 3% in the first quarter of 2023.Seventy-four dollars。Adjusted earnings per share for the first quarter of 2024 was 5..Sixty dollars，Compared to 4% in the first quarter of 2023.$91。In the first quarter of 2024 and 2023，Both adjusted operating margin and adjusted earnings per share exclude restructuring income./Cost。

For the three months ended 31 March 2024，Cash flow from operating activities was $2.1 billion.，The company ended the first quarter with $5 billion in cash.。In the first quarter，The company invested $4.5 billion in cash to repurchase Caterpillar common stock.，And put $600 million in cash into dividends.。

Chairman and Chief Executive Officer, Caterpillar Inc. An Bojun

“I am pleased with the performance of the Caterpillar team。The quarter brought higher adjusted operating margins.、Record adjusted earnings per share and strong mechanical、Energy and Transportation Free Cash Flow。Thanks to our strong balance sheet，And mechanical、Energy and Transportation Free Cash Flow，We were able to commit a record $5.1 billion in cash to share repurchases and dividends in the first quarter.。We continue to execute on the Company's long-term profitable growth strategy。”

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