Caterpillar Continues to Focus on Innovation As Global Competition Escalates
Wide-moat Caterpillar’s first-quarter performance demonstrated its continued ability to streamline operations and introduce innovative products. Its first-quarter adjusted earnings per share, or EPS, of $2.94 beat consensus of $2.86. Most notable during the quarter was the performance of its resource industries segment, which increased revenue 18.1% year over year and expanded its operating margin to 21.1% from 16.4%. Demand from miners and producers of aggregates was especially robust in the qu...Caterpillar is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company segments include: Construction Industries, which supports customers using machinery in infrastructure, forestry and building construction; Resource Industries, which supports customers using machinery in mining, heavy construction, quarry and aggregates, waste and material handling applications; Energy and Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat? machines; and Financial Products, which provides financing and related services.
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