Sector: Industrials|Industry: Farm & Heavy Construction Machinery|Market Cap: $183.84B|Employees: 113.2K
Caterpillar is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company operates through three primary segments - Construction Industries, Resource Industries and Energy & Transportation. Caterpillar builds long-term relationships with customers around the world through a global network of independent dealers and direct sales of certain products.
Total sales and revenues decreased to $16.106 billion in Q3 2024, down from $16.810 billion in Q3 2023, primarily due to lower sales volume in Construction and Resource Industries.
Operating profit margin declined to 19.5% in Q3 2024, compared to 20.5% in Q3 2023, driven by lower sales volume and unfavorable currency impacts.
Diluted profit per share decreased to $5.06 in Q3 2024, down from $5.45 in Q3 2023, reflecting lower sales volume and unfavorable currency impacts.