Caterpillar Reports Q4 2024 Earnings with Revenue Decline and Increased Backlog
Caterpillar (CAT) reported Q4 2024 earnings with a 5% revenue decline to $16.2 billion, driven by lower sales volume and unfavorable pricing. The company's adjusted operating profit margin fell to 18.3%, and its backlog increased to $30 billion, primarily in energy and transportation sectors. Despite the revenue drop, free cash flow remained strong at $3 billion for the quarter.
Tickers: $CAT
Topics: backlog cash flow dealer inventory earnings profit revenue sales