Caterpillar Q3 Revenue Dips Slightly to $17.4B

Ticker: CAT · Form: 10-Q · Filed: 2024-11-06T00:00:00.000Z

Sentiment: neutral

Topics: earnings, revenue, financials

TL;DR

CAT Q3 revenue down to $17.4B from $17.9B last year. Net income also slightly lower.

AI Summary

Caterpillar Inc. reported its third-quarter results for the period ending September 30, 2024. The company's total revenues for the three months ended September 30, 2024, were $17.4 billion, a decrease from $17.9 billion in the same period of 2023. Net income attributable to common shareholders for the third quarter of 2024 was $2.7 billion, compared to $2.9 billion for the third quarter of 2023.

Why It Matters

This filing provides insight into Caterpillar's recent financial performance, indicating a slight decrease in revenue and net income, which could impact investor sentiment and future stock performance.

Risk Assessment

Risk Level: medium — The filing indicates a slight decrease in revenue and net income, suggesting potential headwinds or market shifts that warrant attention.

Key Numbers

Key Players & Entities

FAQ

What were Caterpillar's total revenues for the third quarter of 2024?

Caterpillar's total revenues for the three months ended September 30, 2024, were $17.4 billion.

How did Caterpillar's third-quarter revenues in 2024 compare to the same period in 2023?

Total revenues decreased to $17.4 billion for the three months ended September 30, 2024, from $17.9 billion for the same period in 2023.

What was Caterpillar's net income attributable to common shareholders for Q3 2024?

Net income attributable to common shareholders for the third quarter of 2024 was $2.7 billion.

How did Q3 2024 net income compare to Q3 2023 net income?

Net income attributable to common shareholders for Q3 2024 was $2.7 billion, down from $2.9 billion for Q3 2023.

What is Caterpillar's fiscal year end?

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

From the Filing

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