Caterpillar Sees Q3 Earnings Soar YOY
Dow 30 Component Caterpillar, Inc. (CAT) is the world’s chief manufacturer of diesel and natural gas engines, construction and mining equipment, industrial gas turbines, and diesel-electric locomotives. Caterpillar, Inc. also works to make sustainable progress possible and contributes to driving positive change on every continent.
Caterpillar reported its Q3 2018 financial results and saw earnings per share of $2.86 up from $1.95 from the previous year. Sales and revenue were reported at $13.5 billion, an 18 percent increase year-over-year.
The company saw an operating cash flow of $848 million in Machinery, Energy & Transportation. Caterpillar also repurchased $750 million in common stock and had a dividend payment of $511 million.
Caterpillar CEO Jim Umpleby stated, “This was the best third-quarter profit per share in our company’s history. Our global team continues to do excellent work focusing on our customers’ success and executing our strategy for profitable growth.”
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive!