Caterpillar Q1 2021 Earnings Report
Key Takeaways
Caterpillar reported a 12% increase in sales and revenues for Q1 2021, driven by higher end-user demand and changes in dealer inventories. The company's operating profit margin increased to 15.3%, and adjusted profit per share reached $2.87. Caterpillar ended the quarter with a strong balance sheet, including $11.3 billion in enterprise cash.
Sales and revenues increased by 12% compared to Q1 2020, reaching $11.9 billion.
First-quarter profit per share was $2.77, with an adjusted profit per share of $2.87.
Operating profit margin improved to 15.3% compared to 13.2% in the previous year.
Strong balance sheet maintained with $11.3 billion of enterprise cash on hand.
Caterpillar
Caterpillar
Caterpillar Revenue by Segment
Forward Guidance
Caterpillar is encouraged by improving conditions in its end markets and is proactively managing supply chain risks.
Revenue & Expenses
Visualization of income flow from segment revenue to net income