Caterpillar Inc.

+3.94 (+1.66%)
4:40:42 PM EDT: $241.39 +0.38 (+0.16%)
Other Pre-Announcement

Caterpillar Reports First-Quarter 2021 Results

Published: 04/29/2021 11:41 GMT
Caterpillar Inc. (CAT) - Caterpillar Reports First-quarter 2021 Results.
Q1 Adjusted Earnings per Share $2.87.
Q1 Earnings per Share $2.77.
Q1 Sales Rose 12 Percent to $11.9 Billion.
Qtrly Sales Increase Was Due to Higher Sales Volume Driven by Higher End-user Demand and Impact From Changes in Dealer Inventories.
Dealers Increased Their Inventories More During Q1 of 2021 Than During Q1 of 2020.
Encouraged by Improving Conditions in Our End Markets and Are Proactively Managing Supply Chain Risks.
Financial Products' Segment Revenues Were $761 Million in Q1 of 2021, a Decrease of $53 Million.
Q1 Earnings per Share View $1.94, Revenue View $11.09 Billion -- Refinitiv Ibes Data (analyst estimates).
at End of Q1 of 2021, Past Dues at Cat Financial Were 2.90%, Compared With 4.13% at End of Q1 of 2020.
As of March 31, 2021, Cat Financial's Allowance for Credit Losses Totaled $441 Million, Or 1.64% of Finance Receivables.
Dealers Increased Inventories by $700 Million During First Quarter of 2021 Compared to $100 Million During First Quarter of 2020.