Followers | 840 |
Posts | 120470 |
Boards Moderated | 18 |
Alias Born | 09/05/2002 |
Tuesday, August 02, 2022 2:58:00 PM
Revenue: $14.2B, +11% YoY; non-GAAP EPS*: $3.18, +22% YoY. Despite these impressive numbers, the stock is down ~5% today because: 1) sales by CAT’s independent dealers to equipment end users were down slightly YoY; and 2) the outlook for sales of large excavators in China is bleak.
CAT does not provide specific guidance for sales or EPS, but it expects 2H22 to be better than 1H22 and that product price increases will more than offset increases in raw-materials costs for 2H22 and the full year.
*Non-GAAP EPS excludes restructuring costs, which is a policy that I take issue with insofar as a multinational, multifaceted business such as CAT’s has restructuring costs continually.
2Q22 PR:
https://finance.yahoo.com/news/caterpillar-reports-second-quarter-2022-103000767.html
CC slides:
https://s25.q4cdn.com/358376879/files/doc_presentations/2022/08/2Q-2022-Earnings-Release_Analyst-Slides-Final.pdf
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”
Recent CAT News
- Caterpillar introduces groundbreaking dynamic energy transfer solution for battery and diesel-electric mining equipment • PR Newswire (US) • 09/17/2024 01:05:00 PM
- Caterpillar COO Joe Creed and Group President of Resource Industries Denise Johnson to Participate in a Fireside Chat at MINExpo Hosted by JP Morgan • PR Newswire (US) • 09/11/2024 01:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 04:44:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/04/2024 10:07:48 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 09:06:41 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/30/2024 09:07:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 06:54:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 06:52:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 06:49:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 03:38:18 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/22/2024 09:17:22 PM
- Caterpillar Hosts First-Ever Dealer Technician Challenge • PR Newswire (US) • 08/12/2024 01:05:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/07/2024 02:40:25 PM
- Futures Pointing To Extended Rebound On Wall Street • IH Market News • 08/07/2024 01:07:27 PM
- US Index Futures Rise Amid Earnings Season Optimism, Oil Prices Rebound • IH Market News • 08/07/2024 09:49:12 AM
- Bargain Hunting May Contribute To Early Rebound On Wall Street • IH Market News • 08/06/2024 01:06:55 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/06/2024 10:32:05 AM
- Cat Financial Announces Second-Quarter 2024 Results • PR Newswire (US) • 08/06/2024 10:31:00 AM
- Cat Financial Announces Second-Quarter 2024 Results • PR Newswire (Canada) • 08/06/2024 10:31:00 AM
- Caterpillar Reports Second-Quarter 2024 Results • PR Newswire (US) • 08/06/2024 10:30:00 AM
- US Index Futures Rise After Market Sell-off, Oil Prices Trim Losses • IH Market News • 08/06/2024 09:49:06 AM
- Palantir and Lucid Shares Surge After Beating Estimates; ZoomInfo and Chegg Drop 16% – Earnings Update • IH Market News • 08/06/2024 09:47:17 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/29/2024 07:33:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/29/2024 07:31:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/29/2024 07:29:22 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM