Caterpillar Inc. (NYSE: CAT), a number one producer of building 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 had been $16.1 billion, in comparison with $16.8 billion in the identical interval of 2023. Larger gross sales on the Vitality & Transportation phase was greater than offset by a decline within the Building 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 wish to thank our world crew for delivering robust adjusted working revenue margin and adjusted revenue per share
whereas producing strong ME&T free money stream,” stated Caterpillar’s CEO Jim Umpleby.
