Caterpillar Posts Impressive Q4 Results, Exceeding Expectations by Over $1 Billion
April 29, 2023
Trending News ☀️
Caterpillar Inc ($NYSE:CAT)., the iconic American machinery and heavy equipment manufacturer, recently posted impressive fourth quarter results, far exceeding expectations by over $1 billion. Revenue of $15.9 billion also exceeded estimates by an impressive $630 million. Caterpillar has been a household name in America for decades, and is the world’s largest manufacturer of construction and mining equipment. The company also produces diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives, as well as a variety of other products.
Stock Price
The company posted revenues of over $1 billion beyond expectations, a major achievement for the company. This impressive result was driven by their strong performance in the construction industry and their ability to capitalize on demand in the sector. On Thursday, Caterpillar Inc. stock opened at $210.5 and closed at $214.3, a slight drop of 0.9% from the previous closing price of 216.2. Despite this slight dip, analysts remain optimistic about the company’s performance and view the overall results as positive.
This impressive result is a testament to the company’s success in the sector and good news for shareholders. Investors will be eager to monitor the company’s performance in the future and whether they will be able to maintain this level of success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Caterpillar Inc. More…
| Total Revenues | Net Income | Net Margin |
| 59.43k | 6.71k | 12.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Caterpillar Inc. More…
| Operations | Investing | Financing |
| 7.77k | -2.54k | -7.28k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Caterpillar Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 81.94k | 66.05k | 30.73 |
Key Ratios Snapshot
Some of the financial key ratios for Caterpillar Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.4% | 2.1% | 15.5% |
| FCF Margin | ROE | ROA |
| 8.7% | 36.5% | 7.0% |
Analysis
At GoodWhale, we have conducted an analysis of CATERPILLAR INC‘s wellbeing. Our Star Chart shows that CATERPILLAR INC is classified as ‘rhino’, indicating that it has achieved moderate revenue or earnings growth. This company could be of interest to value investors or those looking for a steady dividend in their portfolio. GoodWhale has given CATERPILLAR INC a health score of 8/10 with regard to its cashflows and debt. This high score indicates that the company should be able to safely ride out any crisis without the risk of bankruptcy. Furthermore, CATERPILLAR INC’s performance is strong in dividend, profitability, and medium in asset, growth. This makes it an attractive option for investors looking for companies that show consistent performance. More…
Peers
Caterpillar Inc. is one of the world’s largest manufacturers of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. The company operates in more than 500 locations across six continents. Caterpillar’s products are used in a variety of industries, including construction, mining, forestry, and energy. The company competes with a number of other manufacturers, including CNH Industrial NV, Deere & Co, AGCO Corp, and others.
– CNH Industrial NV ($NYSE:CNHI)
CNH Industrial N.V. is a holding company, which engages in the manufacture of agricultural and construction equipment, trucks, commercial vehicles, buses, and specialty vehicles. It operates through the following segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services. The Agricultural Equipment segment produces and sells agricultural tractors, combines, haytools, sprayers, forage harvesters, implements and related replacement parts. The Construction Equipment segment manufactures and sells backhoe loaders, small and medium tracked excavators, wheeled excavators, skid steer loaders, compact track loaders, wheel loaders, telehandlers, dumpers, motor graders, soil and asphalt compactors, and other equipment. The Commercial Vehicles segment produces and sells light, medium, and heavy-duty trucks under the Iveco brand. The Powertrain segment manufactures and sells engines, transmissions, axles, and components. The Financial Services segment offers wholesale and retail financing products to customers and dealers to purchase equipment. The company was founded on November 12, 2012 and is headquartered in London, the United Kingdom.
– Deere & Co ($NYSE:DE)
As of 2022, Deere & Co has a market cap of 112.07B and a Return on Equity of 25.53%. The company is engaged in the manufacturing and distribution of equipment used in agricultural, construction, forestry, and turf care.
– AGCO Corp ($NYSE:AGCO)
AGCO Corp is a publicly traded company that manufactures and sells agricultural equipment and related products. As of 2022, the company had a market capitalization of 8.31 billion dollars and a return on equity of 16.62%. The company’s products include tractors, combines, hay tools, sprayers, forage equipment, and more. AGCO Corp is headquartered in Duluth, Georgia, and has operations in North America, Europe, South America, and Asia.
Summary
The strong results demonstrate Caterpillar’s ability to continue to perform despite the current global economic challenges, and signals a positive outlook for the company’s future. Investors may want to consider Caterpillar as an attractive long-term investment opportunity due to its consistent performance and strong brand visibility.
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