The Rising Influence of Rising Affluence

[DewDiligence]

CAT “beats” on 3Q23 sales/earnings—but backlog declines…

PR:
https://www.caterpillar.com/content/dam/caterpillarDotCom/releases/3q23/3q23-caterpillar-inc-financial-results.pdf

CC slides:
https://s25.q4cdn.com/358376879/files/doc_financials/2023/q3/3Q_2023-Analyst-Slide-Deck.pdf


3Q23 sales were $16.8B, +12% YoY, beating the Wall Street consensus of $16.6B.

3Q23 non-GAAP EPS was $5.52, up from $3.95 in 3Q22, beating the Wall Street consensus of $4.80. 3Q23 GAAP EPS was $5.45, up from $3.87 in 3Q22.

CAT’s 9/30/23 order backlog was $28.1B, down $2.6B from $30.7B at 6/30/23.

CAT does not provide specific guidance for sales or EPS.