| Imagery Source: Wikimedia Commons / NatFee |
| Information Source: Nasdaq |
- First-quarter 2025 profit per share of $4.20; adjusted profit per share of $4.25
|
- Enterprise operating cash flow was $1.3 billion in the first quarter of 2025
|
- Deployed $4.3 billion of cash for share repurchases and dividends in the first quarter
|
| Caterpillar Inc. (NYSE: CAT) announced first-quarter 2025 results. Sales and revenues for the first quarter of 2025 were $14.2 billion, a 10% decrease compared with $15.8 billion in the first quarter of 2024. The decrease was primarily due to lower sales volume of $1.1 billion and unfavorable price realization of $250 million. Lower sales volume was mainly driven by the impact from changes in dealer inventories. |
| Operating profit margin was 18.1% for the first quarter of 2025, compared with 22.3% for the first quarter of 2024. Adjusted operating profit margin was 18.3% for the first quarter of 2025, compared with 22.2% for the first quarter of 2024. First-quarter 2025 profit per share was $4.20, compared with first-quarter 2024 profit per share of $5.75. Adjusted profit per share in the first quarter of 2025 was $4.25, compared with first-quarter 2024 adjusted profit per share of $5.60. For the first quarter of 2025 and 2024, adjusted operating profit margin and adjusted profit per share are excluded from restructuring income/costs. |
| For the first quarter of 2025, enterprise operating cash flow was $1.3 billion, and the company ended the first quarter with $3.6 billion of enterprise cash. In the quarter, the company deployed $3.7 billion of cash for repurchases of Caterpillar common stock and $0.7 billion of cash for dividends. |
| "I'm proud of our global team's continued support of our customers and for delivering another quarter of solid results," said Chairman and CEO Jim Umpleby. "Our strong balance sheet allowed us to deploy over $4 billion to shareholders through share repurchases and dividends during the quarter." |
| "Our strategy for long-term profitable growth is delivering results, which reflect the benefits of our diverse portfolio and end markets," said incoming CEO Joe Creed. "I am honoured to lead our talented team in building on Caterpillar's legacy of helping customers solve their toughest challenges." |
| CONSOLIDATED RESULTS |
| Consolidated Sales and Revenues |
| Consolidated Sales and Revenues Comparison First Quarter 2025 vs. First Quarter 2024 |
| To access this chart, go to https://investors.caterpillar.com/financials/quarterly-results/default.aspx for the downloadable version of Caterpillar's first-quarter 2025 earnings. |
| The chart above graphically illustrates reasons for the change in consolidated sales and revenues between the first quarter of 2024 (at left) and the first quarter of 2025 (at right). Caterpillar management utilises these charts internally to visually communicate with the company's board of directors and employees. |
| Total sales and revenues for the first quarter of 2025 were $14.249 billion, a decrease of $1.550 billion, or 10%, compared with $15.799 billion in the first quarter of 2024. The decrease was primarily due to lower sales volume of $1.1 billion and unfavourable price realisation of $250 million. Lower sales volume was mainly driven by the impact of changes in dealer inventories. Dealer inventory increased by $100 million during the first quarter of 2025, compared with an increase of $1.4 billion during the first quarter of 2024. |
| Consolidated Operating Profit Comparison First Quarter 2025 vs. First Quarter 2024 |
| To access this chart, go to https://investors.caterpillar.com/financials/quarterly-results/default.aspx for the downloadable version of Caterpillar's first-quarter 2025 earnings. |
| The chart above graphically illustrates reasons for the change in consolidated operating profit between the first quarter of 2024 (at left) and the first quarter of 2025 (at right). Caterpillar management utilizes these charts internally to visually communicate with the company's board of directors and employees. The bar titled Other includes consolidating adjustments and Machinery, Energy & Transportation's other operating (income) expenses. |
| Operating profit for the first quarter of 2025 was $2.579 billion, a decrease of $940 million, or 27%, compared with $3.519 billion in the first quarter of 2024. The decrease was mainly due to the profit impact of lower sales volume of $652 million and unfavourable price realisation of $250 million. |
| For the full document, click the link below: |
| Caterpillar Inc. |
| Stay ahead of the curve! Subscribe to InsidEntity for daily updates on all your favourite companies |
