Caterpillar Q1 Sales Dip Slightly to $13.69B

Ticker: CAT · Form: 10-Q · Filed: 2024-05-01T00:00:00.000Z

Sentiment: neutral

Topics: earnings, revenue, quarterly-report

TL;DR

CAT Q1 sales down slightly to $13.69B, ME&T revenue also down. Financial Products holding steady.

AI Summary

Caterpillar Inc. reported its first quarter 2024 results, with total sales and revenues reaching $13.69 billion, a slight decrease from $13.72 billion in the first quarter of 2023. The company's Machinery, Energy & Transportation segment saw sales of $10.66 billion, down from $10.77 billion year-over-year. Despite the marginal revenue dip, the filing indicates a focus on financial products and other segments.

Why It Matters

This filing provides insight into Caterpillar's performance in the first quarter of 2024, reflecting current market conditions and demand for its heavy machinery and equipment.

Risk Assessment

Risk Level: low — This is a routine quarterly filing with no immediate red flags or significant negative developments.

Key Numbers

Key Players & Entities

FAQ

What were Caterpillar's total sales and revenues for the first quarter of 2024?

Caterpillar's total sales and revenues for the first quarter of 2024 were $13.69 billion.

How did the Machinery, Energy & Transportation segment perform in Q1 2024 compared to Q1 2023?

Sales for the Machinery, Energy & Transportation segment were $10.66 billion in Q1 2024, down from $10.77 billion in Q1 2023.

What is the filing period for this 10-Q report?

The filing period for this 10-Q report is March 31, 2024.

What was the revenue from Caterpillar's Financial Products segment in Q1 2024?

The Financial Products segment reported sales of $3.03 billion in Q1 2024.

What is Caterpillar's primary industry classification?

Caterpillar Inc. is classified under 'CONSTRUCTION MACHINERY & EQUIP' with SIC code 3531.

From the Filing

0000018230-24-000020.txt : 20240501 0000018230-24-000020.hdr.sgml : 20240501 20240501100524 ACCESSION NUMBER: 0000018230-24-000020 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 117 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240501 DATE AS OF CHANGE: 20240501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CATERPILLAR INC CENTRAL INDEX KEY: 0000018230 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION MACHINERY & EQUIP [3531] ORGANIZATION NAME: 06 Technology IRS NUMBER: 370602744 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-00768 FILM NUMBER: 24900707 BUSINESS ADDRESS: STREET 1: 5205 N. O'CONNOR BOULEVARD STREET 2: SUITE 100 CITY: IRVING STATE: TX ZIP: 75039 BUSINESS PHONE: 9728917700 MAIL ADDRESS: STREET 1: 5205 N. O'CONNOR BOULEVARD STREET 2: SUITE 100 CITY: IRVING STATE: TX ZIP: 75039 FORMER COMPANY: FORMER CONFORMED NAME: CATERPILLAR TRACTOR CO DATE OF NAME CHANGE: 19860623 10-Q 1 cat-20240331.htm 10-Q cat-20240331 0000018230 FALSE 12/31 2024 Q1 50 http://fasb.org/us-gaap/2023#Revenues http://fasb.org/us-gaap/2023#Revenues 182 0000018230 2024-01-01 2024-03-31 0000018230 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0000018230 cat:A5.3DebenturesDueSeptember152035Member 2024-01-01 2024-03-31 0000018230 2024-03-31 xbrli:shares 0000018230 cat:MachineryEnergyTransportationMember 2024-01-01 2024-03-31 iso4217:USD 0000018230 cat:MachineryEnergyTransportationMember 2023-01-01 2023-03-31 0000018230 cat:FinancialProductsMember 2024-01-01 2024-03-31 0000018230 cat:FinancialProductsMember 2023-01-01 2023-03-31 0000018230 2023-01-01 2023-03-31 0000018230 cat:AllOtherExcludingFinancialProductsMember 2024-01-01 2024-03-31 0000018230 cat:AllOtherExcludingFinancialProductsMember 2023-01-01 2023-03-31 iso4217:USD xbrli:shares 0000018230 2023-12-31 0000018230 cat:FinancialProductsMember 2024-03-31 0000018230 cat:FinancialProductsMember 2023-12-31 0000018230 cat:MachineryEnergyTransportationMember 2024-03-31 0000018230 cat:MachineryEnergyTransportationMember 2023-12-31 0000018230 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2022-12-31 0000018230 us-gaap:TreasuryStockCommonMember 2022-12-31 0000018230 us-gaap:RetainedEarningsMember 2022-12-31 0000018230 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000018230 us-gaap:NoncontrollingInterestMember 2022-12-31 0000018230 2022-12-31 0000018230 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0000018230 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-03-31 0000018230 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0000018230 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0000018230 us-gaap:TreasuryStockCommonMember 2023-01-01 2023-03-31 0000018230 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2023-03-31 0000018230 us-gaap:TreasuryStockCommonMember 2023-03-31 0000018230 us-gaap:RetainedEarningsMember 2023-03-31 0000018230 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0000018230 us-gaap:NoncontrollingInterestMember 2023-03-31 0000018230 2023-03-31 0000018230 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2023-12-31 0000018230 us-gaap:TreasuryStockCommonMember 2023-12-31 0000018230 us-gaap:RetainedEarningsMember 2023-12-31 0000018230 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000018230 us-gaap:NoncontrollingInterestMember 2023-12-31 0000018230 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0000018230 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-03-31 0000018230 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0000018230 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0000018230 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0000018230 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2024-03-31 0000018230 us-gaap:TreasuryStockCommonMember 2024-03-31 0000018230 us-gaap:RetainedEa

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