Caterpillar Q1 Report 2024

Caterpillar Inc. Announced first-quarter 2024 results. Sales and revenues for the first quarter of 2024 were $15.8 billion, about flat to the first quarter of 2023, due to lower sales volume, which was mostly offset by favorable price realization. Operating profit margin was 22.3% for the first quarter of 2024, compared with 17.2% for the first quarter of 2023. Adjusted operating profit margin was 22.2% for the first quarter of 2024, compared with 21.1% for the first quarter of 2023. First-quarter 2024 profit per share was $5.75, compared with first-quarter 2023 profit per share of $3.74. Adjusted profit per share in the first quarter of 2024 was $5.60, compared with first-quarter 2023 adjusted profit per share of $4.91. In the first quarter of 2024 and 2023, adjusted operating profit margin and adjusted profit per share excluded restructuring income/costs. 

Highlights

• First-quarter 2024 profit per share of $5.75; adjusted profit per share of $5.60
• Enterprise operating cash flow was $2.1 billion in the first quarter of 2024
• Deployed $5.1 billion of cash for share repurchases and dividends in the first quarter