Cat Q3 Sales and Revenues Up 21% to $15 Billion

Oct. 31, 2022
2 min read

Caterpillar announced its Q3 2022 sales and revenues, which came in at $15.0 billion, a 21 percent increase compared with $12.4 billion in the third quarter of 2021.

The increase was primarily due to favorable price realization and higher sales volume.

Operating profit margin was 16.2 percent for the third quarter of 2022, compared with 13.4 percent for the third quarter of 2021. Third-quarter 2022 profit per share was $3.87, compared with third-quarter 2021 profit per share of $2.60. Adjusted profit per share in the third quarter of 2022 was $3.95, compared with third-quarter 2021 adjusted profit per share of $2.66. Adjusted profit per share for both quarters excluded restructuring costs.

For the nine months ended September 30, 2022, enterprise operating cash flow was $5.0 billion, and the company ended the third quarter with $6.3 billion of enterprise cash. In the quarter, the company repurchased $1.4 billion of Caterpillar common stock and paid dividends of $0.6 billion.

“I’d like to thank our global Caterpillar team for delivering another quarter of double-digit top-line growth and record adjusted profit per share,” said chairman and CEO Jim Umpleby, whose tenure was recently extended by the company's Board of Directors. “Our team remains focused on serving our customers as we continued to see healthy demand across most of our end markets during the third quarter."

Source: Caterpillar

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