Caterpillar introduced earnings in the present day:

EPS $5.23 versus anticipated $4.75
revenues $17.1 billion versus $17.1 billion anticipated

As well as, the corporate mentioned that fiscal 12 months 2024 revenues seen broadly just like 2023 (+0.5%).

The corporate CEO is now saying:

Total demand stays wholesome throughout many of the finish markets for services and products
He warns that inside APAC ex China, they’re in softening of financial situations
He additionally warns that due to provide chain constraints, they don’t seem to be working at high effectivity

Of notice is that the infrastructure spending initiatives are nonetheless being stimulative as is the funding for the Chips Act.

Shares of Caterpillar are buying and selling up $14.82 or 4.70% in premarket buying and selling at $329.91. That’s new all-time highs for the commercial equipment producer.