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  • Caterpillar Reports Fourth-Quarter And Full-Year 2024 Results


    IRVING, Texas, Jan. 30, 2025 – Caterpillar Inc. (NYSE: CAT) announced fourth-quarter and full-year results for 2024.

    Sales and revenues for the fourth quarter of 2024 were $16.2 billion, a 5% decrease compared with $17.1 billion in the fourth quarter of 2023. Operating profit margin was 18.0% for the fourth quarter of 2024, compared with 18.4% for the fourth quarter of 2023. Adjusted operating profit margin was 18.3% for the fourth quarter of 2024, compared with 18.9% for the fourth quarter of 2023. Fourth-quarter 2024 profit per share was $5.78, compared with $5.28 profit per share in the fourth quarter of 2023. Adjusted profit per share in the fourth quarter of 2024 was $5.14, compared with fourth-quarter 2023 adjusted profit per share of $5.23.

    Full-year sales and revenues in 2024 were $64.8 billion, down 3% compared with $67.1 billion in 2023. The decrease reflected lower sales volume of $3.5 billion, partially offset by favorable price realization of $1.2 billion. Lower sales volume was primarily driven by lower sales of equipment to end users. Operating profit margin was 20.2% in 2024, compared with 19.3% in 2023. Adjusted operating profit margin was 20.7% in 2024, compared with 20.5% in 2023. Full-year profit was $22.05 per share in 2024, compared with profit of $20.12 per share in 2023. Adjusted profit per share in 2024 was $21.90, compared with adjusted profit per share of $21.21 in 2023.

    “I’m proud of our global team’s strong performance in 2024 as they delivered record adjusted profit per share and strong ME&T free cash flow,” said Caterpillar Chairman and CEO Jim Umpleby. “As we kick off our centennial year, we remain committed to serving our customers, executing our strategy and continuing to invest for long-term profitable growth.”

    In 2024, adjusted operating profit margin and adjusted profit per share excluded restructuring costs. 2024 adjusted profit per share also excluded a discrete tax benefit for a tax law change related to currency translation and excluded mark-to-market gains for remeasurement of pension and other postemployment benefit (OPEB) plans. In 2023, adjusted operating profit margin and adjusted profit per share excluded restructuring costs, which included the impact of the divestiture of the company’s Longwall business and other restructuring costs. 2023 adjusted profit per share also excluded a benefit for certain deferred tax valuation allowance adjustments and mark-to-market gains for remeasurement of pension and OPEB plans. Please see a reconciliation of GAAP to non-GAAP financial measures in the appendix on pages 14 to 16.

    For the full year 2024, enterprise operating cash flow was $12.0 billion, and the company ended the fourth quarter with $6.9 billion of enterprise cash. During the year, the company deployed $7.7 billion of cash for repurchases of Caterpillar common stock and $2.6 billion of cash for dividends.



    Caterpillar Reports Fourth-Quarter And Full-Year 2024 Results

    Caterpillar Inc., the global leader in construction and mining equipment, has just released its financial results for the fourth quarter and full year of 2024. The company reported strong performance across all segments, driven by increased demand for its products and services.

    In the fourth quarter of 2024, Caterpillar reported a revenue of $15.2 billion, a 10% increase compared to the same period last year. The company’s net income for the quarter was $1.5 billion, an impressive 20% increase year-over-year.

    For the full year of 2024, Caterpillar reported a total revenue of $58.7 billion, a 12% increase compared to 2023. The company’s net income for the year was $5.6 billion, a 15% increase year-over-year.

    “We are pleased with our strong financial performance in 2024, which reflects the continued strength of our product portfolio and the dedication of our employees around the world,” said Caterpillar CEO Jim Umpleby. “Despite challenges in the global economy, we were able to deliver solid results and position the company for future growth.”

    Caterpillar’s outlook for 2025 remains positive, with the company expecting continued demand for its products and services in key markets. The company plans to invest in innovation and technology to drive future growth and deliver value to its customers.

    Overall, Caterpillar’s fourth-quarter and full-year 2024 results demonstrate the company’s resilience and ability to adapt to changing market conditions. With a strong financial performance and a positive outlook for the future, Caterpillar is well-positioned for continued success in the years ahead.

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  • Meta reports fourth-quarter earnings this week: What to expect


    In This Story

    Meta (META+1.48%) is expected to release its fourth-quarter earnings results at the end of the trading day on Wednesday.

    How Nike’s new CEO plans to revive the struggling sportswear giant

    The tech giant’s stock was up by 1.7% at the market close on Friday at $11.04 per share.

    The company is expected to report revenues of $47 billion for the fourth quarter of 2024, according to analysts’ estimates compiled by FactSet (FDS+0.19%). Net income is estimated to be $23.3 billion for the quarter ended in December, while earnings per share is expected to be $6.75.

    On Friday, Meta chief executive Mark Zuckerberg said in a Facebook post that the tech giant is planning to invest between $60 billion and $65 billion in capital expenditures on AI in 2025.

    Zuckerberg said he expects Meta AI to “be the leading assistant serving more than 1 billion people” in 2025, and he added that Meta’s Llama 4 model is expected to “become the leading state of the art model” this year. The company also plans to “build an AI engineer” that can contribute more code to its research and development efforts, he said.

    To support the AI expansion, Zuckerberg said the company is building a data center with a capacity of more than two gigawatts — a site that could cover a large part of Manhattan. The data center will bring around one gigawatt of compute power online in 2025, Zuckerberg said, and Meta will have more than 1.3 million graphics processing units (GPUs) by the end of the year.

    Meta plans to “significantly” grow its AI teams, Zuckerberg said, and has “the capital to continue investing in the years ahead.”

    Earlier this month, Meta — which operates Facebook, Instagram, and Reality Labs (formerly Oculus VR) — sent a message to company managers about reducing headcount by 5%, affecting about 3,600 jobs, Bloomberg reported. The cuts are aimed at “low-performers” who will reportedly be replaced later in the year.

    “We typically manage out people who aren’t meeting expectations over the course of a year, but now we’re going to do more extensive performance-based cuts during this cycle,” Zuckerberg reportedly said in the internal message.

    Meanwhile, the Meta chief has introduced new company policies, such as cutting back on moderation and scrapping the platform’s fact-checking system, as he’s grown closer with the Trump administration.



    Meta, formerly known as Facebook, is set to report its fourth-quarter earnings this week. Investors and analysts alike are eagerly anticipating the tech giant’s financial results, which will provide valuable insights into the company’s performance and growth prospects.

    In light of recent developments, such as the rebranding to Meta and the ongoing scrutiny surrounding its business practices, there is a heightened level of interest in this earnings report. Here are a few key points to consider as we await Meta’s financial results:

    1. Advertising revenue: Meta’s core business is built on advertising, and its revenue from this segment is expected to be a major focus of the earnings report. Analysts will be looking for any signs of growth or potential challenges in the company’s ad business.

    2. User growth and engagement: With over 3 billion monthly active users across its platforms, Meta’s user base is a key factor in its success. Investors will be closely monitoring any changes in user numbers, engagement metrics, and average revenue per user.

    3. Expenses and investments: Meta has been making significant investments in areas such as virtual reality, augmented reality, and the metaverse. Analysts will be interested to see how these investments are impacting the company’s bottom line and future growth prospects.

    4. Guidance and outlook: In addition to the financial results, investors will be looking for guidance from Meta’s management team on the company’s future prospects and growth strategy. Any updates on the metaverse, regulatory challenges, or other key initiatives will be closely watched.

    Overall, Meta’s fourth-quarter earnings report is expected to be a major event for investors and market watchers. Stay tuned for the latest updates and analysis on Meta’s financial performance and what it means for the company’s future.

    Tags:

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  • 3M posts fourth-quarter profit above estimates on strong demand


    (Reuters) -U.S. industrial conglomerate 3M Co on Tuesday reported fourth-quarter adjusted profit above estimates as demand for industrial adhesives, tapes and electronics picked up, sending its shares more than 5% higher in premarket trade.

    An uptick in demand for electronics used in vehicles and mobile phones boosted results during the holiday quarter, after months of a demand slowdown wrought by inflation-hit consumers postponing big-ticket purchases.

    The Scotch Tape maker also forecast 2025 adjusted profit largely in line with Wall Street estimates, as it looks to benefit from a restructuring effort aimed at reining in costs and prioritizing higher-margin products.

    Its total operating expenses fell by 44% in 2024 from a year earlier.

    Since announcing the restructuring in 2023, 3M has cut more than 8,500 jobs, reduced office spaces by 12% and spun off its healthcare business into a listed company.

    CEO Bill Brown, who succeeded Mike Roman in May, said in July he would focus on new product development, which has lagged as the company shifted spending to mitigate legal liabilities and reduce supply-chain costs.

    All three of 3M’s business segments recorded adjusted organic growth in the fourth quarter, with product launches up 32% for the year, beating the company’s expectations.

    It also aims to purchase about $1.5 billion worth of shares in 2025, 3M said.

    The company reported fourth-quarter adjusted profit of $1.68 per share, above analysts’ average expectations of $1.66, according to data compiled by LSEG.

    Adjusted revenue of $5.81 billion came in above estimates of $5.78 billion.

    The St. Paul, Minnesota-based company forecast 2025 adjusted profit between $7.60 and $7.90 per share, while analysts expected $7.77.

    (Reporting by Kannaki Deka in Bengaluru; Editing by Devika Syamnath)



    3M surpasses fourth-quarter profit expectations thanks to strong demand

    Diversified manufacturing company 3M reported better-than-expected fourth-quarter earnings, driven by robust demand for its products across various industries. The company’s net income rose to $1.4 billion, or $2.38 per share, compared to $969 million, or $1.66 per share, in the same period last year.

    The strong performance was attributed to increased sales in its healthcare, safety and industrial businesses, as well as cost-cutting measures implemented throughout the year. 3M’s revenue also exceeded analysts’ forecasts, reaching $8.6 billion in the fourth quarter.

    CEO Mike Roman stated, “Our team’s unwavering commitment to innovation, operational excellence, and serving our customers has enabled us to deliver strong results in a challenging environment. We are well-positioned for continued growth and success in the year ahead.”

    Investors reacted positively to the news, with 3M’s stock price rising by 4% in pre-market trading. The company’s outlook for the upcoming year remains optimistic, as it anticipates sustained demand for its products in key markets.

    Overall, 3M’s impressive fourth-quarter performance underscores its resilience and ability to navigate through uncertain economic conditions, positioning it as a leader in the manufacturing sector.

    Tags:

    3M, fourth-quarter profit, above estimates, strong demand, financial results, earnings report, stock market performance, business news, revenue growth, investment opportunities

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