Caterpillar Grows 2Q Top Line an Impressive 24%, Attains Record 2Q EPS
Demand was quite robust in the second quarter, and Caterpillar made the most of it. Sales rose 24% to $14 billion, with increases in all three main segments and across most geographies, doubling both GAAP and normalized earnings per share (to a record second-quarter EPS) after repurchasing another $750 million of shares. Operating margin excluding restructuring charges improved 430 basis points year over year to 16.3%, and management raised earnings guidance and increased the dividend 10%. We ma...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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