Caterpillar Raises FY Forecast, Reports 27% Increase in NA Sales



In its third quarter earnings report, Caterpillar raised its full-year forecast for the third time this year.

The company reported $11.4 billion in Q3/17 sales and revenues, up from $9.2 billion in Q3/16. Q3/17 profit per share was $1.77 compared with $0.48 per share in Q3/16.

Sales improved 27% in North America primarily due to higher end-user demand for both equipment and aftermarket parts, as well as favorable changes in dealer inventories. Asia/Pacific sales jumped 31% due to higher end-user demand for construction equipment,.

“Higher sales volume and our team’s focus on cost discipline resulted in improved profit margins across our three primary segments,” said Caterpillar CEO Jim Umpleby.

In July 2017, Caterpillar provided an outlook range for full-year 2017 sales and revenues of $42 billion to $44 billion, with a midpoint of $43 billion. The company now expects full-year 2017 sales and revenues of about $44 billion.

For the full year of 2017, Caterpillar now expects profit per share of about $4.60, or adjusted profit per share of about $6.25. The previous outlook for 2017 profit was about $3.50 per share at the midpoint of the sales and revenues outlook, or adjusted profit per share of about $5.00.

“As a result of our team’s strong performance, we are raising our 2017 profit outlook,” Umpleby said. “We are executing our new strategy for profitable growth based on operational excellence, expanded offerings and services.”


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