Caterpillar Q3 Report 2023

Caterpillar Reports Third-Quarter 2023 Results

• Third-quarter 2023 sales and revenues increased 12% to $16.8 billion
• Third-quarter 2023 profit per share of $5.45; adjusted profit per share of $5.52
• Returned $1.0 billion to shareholders through dividends and share repurchases in the quarter

sales and revenues of $16.8 billion, a 12% increase compared with $15.0 billion in the third quarter of 2022. The increase was primarily due to favorable price realization and higher sales volume.

Total sales and revenues for the third quarter of 2023 were $16.810 billion, an increase of $1.816 billion, or 12%, compared with $14.994 billion in the third quarter of 2022. The increase was due to favorable price realization and higher sales volume.

Operating profit for the third quarter of 2023 was $3.449 billion, an increase of $1.024 billion, or 42%, compared with $2.425 billion in the third quarter of 2022. The increase was primarily due to favorable price realization, including a favorable geographic mix of sales, and higher sales volume, partially offset by higher selling, general and administrative (SG&A) and research and development (R&D) expenses, and higher manufacturing costs.