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DewDiligence

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DewDiligence

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Re: DewDiligence post# 1059

Monday, 02/05/2024 8:39:45 AM

Monday, February 05, 2024 8:39:45 AM

Post# of 1080
Excluding restructuring costs from non-GAAP EPS is a policy that I take issue with insofar as a multinational, multifaceted business such as CAT’s has restructuring costs continually. In 4Q23, however, non-GAAP EPS came in slightly lower than GAAP EPS due to the exclusion from non-GAAP EPS of one-time tax and OPEB benefits.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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