NYSE$CAT

Caterpillar · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

CAT Q1 2024 — $15.80B revenue

Interim results are not necessarily indicative of results for a full year. Caterpillar reported Q1 2024 results. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $15.80B.
  • Operating income: $4K.
  • Filed on Form 10-Q (accession 0000018230-24-000020).

Headline financials

Total Revenue

$15.8B

Previous: $15.9B-0.4%
EPS

$5.75

Previous: $4.91+17.1%
Capital Expenditures

-$500M

Previous: -$422M-18.5%
Free Cash Flow

$2.35B

Previous: $1.52B+54.9%
Net Income

$2.85B

Previous: $1.94B+47.0%
Operating Income

$3.52B

Previous: $2.73B+28.9%
Gross Profit

$6.14B

Previous: $5.76B+6.6%
R&D Expense

$520M

No prior period

Revenue & EPS history

Caterpillar · Revenue · Quarterly

$15.8B

Q1 2024-0.4%vs Q1 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Caterpillar · $18.2B total across 4 segments · Q3 2023

  • Construction Industries
    $7B+11.5%
  • Power & Energy
    $6.86B+10.9%
  • Resource Industries
    $3.35B+8.6%
  • Financial Products
    $979M+19.5%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-0.4%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+2.2%

Avg return

30 days after

47%

34 / 73 earnings

Positive

+11.6%

Q3 2025

Best reaction

-12.7%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.7%+11.7%+7.8%
Q4 2025+2.8%+9.3%+15.5%
Q3 2025+11.6%+8.8%+9.8%
Q2 2025-1.5%-5.9%-2.6%
Q1 2025+0.6%+5.1%+13.2%
Q4 2024-4.6%-8.0%-12.5%
Q3 2024-2.9%-2.8%+4.8%
Q2 2024+2.8%+6.8%+5.3%
Q1 2024-5.5%-8.0%-4.0%
Q4 2023+2.4%+0.7%+6.5%
Q3 2023-4.3%-0.6%+3.5%
Q2 2023+8.4%+4.3%+6.0%
Q1 2023+1.2%-0.5%-2.0%
Q4 2022-4.6%-5.3%-3.6%
Q3 2022+11.4%+10.9%+19.7%
Q2 2022-6.2%-4.9%-6.4%
Q1 2022-1.6%-0.2%+1.5%
Q4 2021-5.0%-3.4%-11.8%
Q3 2021+4.0%+5.6%+1.3%
Q2 2021-3.5%-3.8%+0.1%
Q1 2021-1.8%+0.5%+3.8%
Q4 2020+0.2%+3.9%+17.1%
Q3 2020-7.4%-3.8%+7.0%
Q2 2020-3.6%-1.3%+5.0%
Q1 2020+4.2%-3.7%+4.8%
Q4 2019-4.1%+1.5%-8.2%
Q3 2019+0.1%+4.8%+7.6%
Q2 2019-2.5%-2.6%-17.4%
Q1 2019-4.2%-2.1%-13.5%
Q4 2018-7.5%-4.3%+2.0%
Q3 2018-12.7%-10.6%-3.8%
Q2 2018+0.9%-2.8%-0.5%
Q1 2018-5.7%-6.0%+2.4%
Q4 2017-0.8%-2.7%-3.5%
Q3 2017+3.9%+4.7%+4.8%
Q2 2017+4.9%+5.5%+6.1%
Q1 2017+8.1%+5.6%+8.5%
Q4 2016+0.9%-2.5%-2.7%
Q3 2016-2.2%-2.5%+11.9%
Q2 2016+6.9%+5.2%+5.3%
Q1 2016-2.4%
Q4 2015+6.7%
Q3 2015+3.0%
Q2 2015-4.6%
Q1 2015-0.3%
Q4 2014-7.0%
Q3 2014+5.1%
Q2 2014-3.3%
Q1 2014+1.3%
Q4 2013+7.3%
Q3 2013-5.2%
Q2 2013-4.0%
Q1 2013+4.6%
Q4 2012+3.2%
Q3 2012-0.3%
Q2 2012+2.3%
Q1 2012-3.7%
Q4 2011+1.6%
Q3 2011-1.0%
Q2 2011-5.5%
Q1 2011+2.3%
Q4 2008-5.5%
Q4 2010-5.5%
Q3 2010+4.6%
Q2 2010+1.9%
Q1 2010-2.0%
Q1 2009-2.0%
Q4 2009+0.4%
Q4 2007+0.4%
Q3 2008-3.1%
Q3 2009-3.1%
Q2 2008+1.9%
Q2 2009+1.9%

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