Replies to post #24819 on The Rising Influence of Rising Affluence

[DewDiligence]

CAT has somehow managed to remain on good terms with China, which is responsible for a material portion of the company’s sale, but this could change at any time. It's is a risk for CAT longs that investors in such companies as DE do not incur.

[DewDiligence]

CAT logs solid 4Q21 sales and EPS—but margins fell due to raw-materials inflation and supply-chain bottlenecks.

PR:
https://www.caterpillar.com/content/dam/caterpillarDotCom/releases/4q21/4q21-caterpillar-inc-financial-results.pdf

CC slides:
https://s25.q4cdn.com/358376879/files/doc_financials/2021/q4/4Q-2021-Earnings-Release_Analyst-Slides-Final.pdf

Full-year 2021 non-GAAP EPS was $10.81, up from $6.56 in 2020.

[DewDiligence]

CAT reports 1Q22 financials tomorrow morning. CAT has a large exposure to China (~10% of global sales), so the 1Q22 results might not be pretty. (I have a longstanding long position.)