Replies to post #30322 on The Rising Influence of Rising Affluence

[DewDiligence]

CAT +4% on what looks like delayed appreciation of yesterday’s Investor Day, which included rough guidance for improved sales and operating margins during 2026-2030.

[DewDiligence]

CAT 2024-2030 guidance is on slide #22:

https://investors.caterpillar.com/files/doc_presentations/2025/0-Combined-All-Q4-Version.pdf

• Sales growth: 5-7% CAGR.

• Operating margin (non-GAAP): 15-19% at $60B sales level; 21-25% at $100B sales level. (2024 actual sales were $65B.)

• Service revenue: $30B (up from $24B in 2024).

[DewDiligence]

CAT renamed the Energy & Transportation segment to "Power & Energy," reflecting the increased relevance of power generation to support AI data centers. Also, the rail-locomotive business has been moved to the "Resource Industries" (mining equipment) segment.