-0.62% to $871.08 from $876.54
What moved CAT
- Adjusted EPS of $8.17 beat the analyst estimate of $6.25, with revenue of $20.54 billion topping the $18.36 billion estimate.
- CEO Joe Creed said it was the first time in company history that quarterly sales and revenues topped $20 billion.
- Order backlog reached a record $72.1 billion in the quarter.
- Full-year guidance was raised to mid-to-high-teens growth, citing robust demand in power, construction and mining.
Sources: Benzinga · SEC 8-K filing
+5.60% to $876.54 from $830.03
What moved CAT
- Q2 sales and revenues reached $20.5 billion, up 24% from $16.6 billion a year earlier, the first time the company has topped $20 billion in a quarter.
- Adjusted profit per share was $8.17, up from $4.72 a year earlier and above the $6.20 analysts expected.
- Construction Industries segment sales rose 35% to $8.3 billion, with North American construction demand up 50%.
- Power & Energy segment revenue rose 17% to $8.2 billion, with power-generation sales tied largely to data-center projects up 29%; backlog rose 92% to $72 billion.
- Caterpillar raised its full-year 2026 sales and revenue growth outlook to mid-to-high teens, and shares rose about 9% in premarket trading.
Sources: CNBC · GuruFocus