Caterpillar Inc. (NYSE: CAT), a number one producer of development and mining tools, on Wednesday reported a lower in income and adjusted earnings for the third quarter of 2024.
Gross sales and revenues for the September quarter have been $16.1 billion, in comparison with $16.8 billion in the identical interval of 2023. Larger gross sales within the Vitality & Transportation phase have been greater than offset by a decline within the Development division.
Third-quarter earnings, on a per-share foundation, decreased to $5.06 from $5.45 within the prior-year quarter. Adjusted revenue per share was $5.17 for the three months, in contrast with $5.52 final 12 months.
“I’d like to thank our global team for delivering strong adjusted operating profit margin and adjusted profit per share while generating robust ME&T free cash flow,” stated Caterpillar’s CEO Jim Umpleby.
