Caterpillar Reports Q2 2024 Results

Ticker: CAT · Form: 10-Q · Filed: 2024-08-07T00:00:00.000Z

Sentiment: neutral

Topics: earnings, revenue, financials

TL;DR

CAT Q2 sales $17.4B YTD. ME&T strong, Fin Products solid.

AI Summary

Caterpillar Inc. reported its second quarter 2024 results, with total sales and revenues reaching $17.4 billion for the six months ended June 30, 2024. The company's Machinery, Energy & Transportation segment generated $15.7 billion in sales for the same period. Financial Products segment sales were $2.1 billion for the first half of 2024.

Why It Matters

This filing provides insight into Caterpillar's financial performance, impacting investors and the construction machinery market.

Risk Assessment

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

Key Numbers

$17.4B — Total Sales and Revenues (YTD) (Represents the company's top-line performance for the first half of 2024.)
$15.7B — Machinery, Energy & Transportation Sales (YTD) (Key segment contributing the largest portion of revenue.)
$2.1B — Financial Products Sales (YTD) (Indicates performance of the company's financial services arm.)

Key Players & Entities

CATERPILLAR INC (company) — Filer
17.4 billion (dollar_amount) — Total sales and revenues for the six months ended June 30, 2024
15.7 billion (dollar_amount) — Sales for the Machinery, Energy & Transportation segment for the six months ended June 30, 2024
2.1 billion (dollar_amount) — Sales for the Financial Products segment for the six months ended June 30, 2024
20240630 (date) — Period of report

FAQ

What were Caterpillar's total sales and revenues for the six months ended June 30, 2024?

Caterpillar's total sales and revenues for the six months ended June 30, 2024, were $17.4 billion.

What was the sales figure for the Machinery, Energy & Transportation segment for the first half of 2024?

The Machinery, Energy & Transportation segment reported sales of $15.7 billion for the six months ended June 30, 2024.

How much revenue did the Financial Products segment generate in the first half of 2024?

The Financial Products segment generated $2.1 billion in sales for the six months ended June 30, 2024.

What is Caterpillar Inc.'s fiscal year end?

Caterpillar Inc.'s fiscal year ends on December 31.

What is Caterpillar's business address?

Caterpillar's business address is 5205 N. O'CONNOR BOULEVARD, SUITE 100, IRVING, TX 75039.

From the Filing

0000018230-24-000045.txt : 20240807 0000018230-24-000045.hdr.sgml : 20240807 20240807104025 ACCESSION NUMBER: 0000018230-24-000045 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 113 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240807 DATE AS OF CHANGE: 20240807 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: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-00768 FILM NUMBER: 241182186 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-20240630.htm 10-Q cat-20240630 0000018230 FALSE 12/31 2024 Q2 50 http://fasb.org/us-gaap/2024#Revenues http://fasb.org/us-gaap/2024#Revenues http://fasb.org/us-gaap/2024#Revenues http://fasb.org/us-gaap/2024#Revenues 352 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure cat:entity cat:group_president cat:segment 0000018230 2024-01-01 2024-06-30 0000018230 us-gaap:CommonStockMember 2024-01-01 2024-06-30 0000018230 cat:A5.3DebenturesDueSeptember152035Member 2024-01-01 2024-06-30 0000018230 2024-06-30 0000018230 cat:MachineryEnergyTransportationMember 2024-04-01 2024-06-30 0000018230 cat:MachineryEnergyTransportationMember 2023-04-01 2023-06-30 0000018230 cat:FinancialProductsMember 2024-04-01 2024-06-30 0000018230 cat:FinancialProductsMember 2023-04-01 2023-06-30 0000018230 2024-04-01 2024-06-30 0000018230 2023-04-01 2023-06-30 0000018230 cat:AllOtherExcludingFinancialProductsMember 2024-04-01 2024-06-30 0000018230 cat:AllOtherExcludingFinancialProductsMember 2023-04-01 2023-06-30 0000018230 cat:MachineryEnergyTransportationMember 2024-01-01 2024-06-30 0000018230 cat:MachineryEnergyTransportationMember 2023-01-01 2023-06-30 0000018230 cat:FinancialProductsMember 2024-01-01 2024-06-30 0000018230 cat:FinancialProductsMember 2023-01-01 2023-06-30 0000018230 2023-01-01 2023-06-30 0000018230 cat:AllOtherExcludingFinancialProductsMember 2024-01-01 2024-06-30 0000018230 cat:AllOtherExcludingFinancialProductsMember 2023-01-01 2023-06-30 0000018230 2023-12-31 0000018230 cat:FinancialProductsMember 2024-06-30 0000018230 cat:FinancialProductsMember 2023-12-31 0000018230 cat:MachineryEnergyTransportationMember 2024-06-30 0000018230 cat:MachineryEnergyTransportationMember 2023-12-31 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:RetainedEarningsMember 2023-04-01 2023-06-30 0000018230 us-gaap:NoncontrollingInterestMember 2023-04-01 2023-06-30 0000018230 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-04-01 2023-06-30 0000018230 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2023-04-01 2023-06-30 0000018230 us-gaap:TreasuryStockCommonMember 2023-04-01 2023-06-30 0000018230 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2023-06-30 0000018230 us-gaap:TreasuryStockCommonMember 2023-06-30 0000018230 us-gaap:RetainedEarningsMember 2023-06-30 0000018230 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-06-30 0000018230 us-gaap:NoncontrollingInterestMember 2023-06-30 0000018230 2023-06-30 0000018230 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2024-03-31 0000018230 us-gaap:TreasuryStockCommonMember 2024-03-31 0000018230 us-gaap:RetainedEarningsMember 2024-03-31 0000018230 us-gaap:AccumulatedOtherComprehensiveIn