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Dec 31, 2023
Caterpillar Q4 2023 Earnings Report
Caterpillar's Q4 2023 performance was marked by increased sales and revenues, alongside a significant rise in operating profit, driven by favorable price realization and the absence of prior-year goodwill impairment charges.
Key Takeaways
Caterpillar Inc. reported a 3% increase in sales and revenues for the fourth quarter of 2023, reaching $17.1 billion. The company's operating profit margin significantly improved to 18.4%, and adjusted profit per share was $5.23. Full-year results were also strong, with record sales and revenues.
Fourth-quarter sales and revenues increased by 3% to $17.1 billion.
Operating profit margin for the fourth quarter was 18.4%, a significant increase from 10.1% in the previous year.
Fourth-quarter profit per share was $5.28, and adjusted profit per share was $5.23.
Full-year sales and revenues reached $67.1 billion, a 13% increase compared to the previous year.
Revenue by Segment
Forward Guidance
Caterpillar did not provide specific forward guidance in this earnings release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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