Caterpillar Inc.

NYSE:CAT   10:36:34 AM EDT
-1.03 (-0.48%)
Positive Earnings Pre-Announcement

Caterpillar CEO Says Expect 2023 To Be Better Than 2022 On Both Top And Bottom Line

Published: 01/31/2023 14:56 GMT
Caterpillar Inc. (CAT) - Caterpillar CEO Says Had the Highest Level of Parts Availability in Co’s History.
Caterpillar CEO Says We Expect 2023 to Be Better Than 2022 on Both Top and Bottom Line.
Caterpillar CEO Says Weakness Continues in China in the Excavator Industry Above 10 Tons.
Caterpillar CEO Says Dealer Inventoires Are Now at "typical Range of Three to Four Months".
Caterpillar CFO Says We Are Adjusting the Target Sales Range to Reflect the Inflationary Increases We've Seen in 2022.
Caterpillar Cfo-pricing Actions From 2022 Will Continue to Roll Into 2023, Will Evaluate Future Actions Appropriate to Offset Inflationary Pressures.
Caterpillar Cfo-compared to Q4, We Anticipate Lower Sales in the First Quarter at the Enterprise Level Following Our Typical Seasonal Pattern.
Caterpillar Cfo-the Outlook Remains Positive With Improving Supply Chain Dynamics and the Backlog Up Around $400 Million to Over $30 Billion.
Caterpillar CEO Says Above 10-ton Excavator Market, We Do Expect to Be Weaker in 2023 Than It Was in 2022.
Caterpillar CEO Says Still See Some Semiconductor Availability Challenges.
Revenue is expected to be $15 Billion
Adjusted EPS is expected to be $3.74

Next Quarter Revenue Guidance is expected to be $15.75 Billion
Next Quarter EPS Guidance is expected to be $3.87

More details on our Analysts Page.