Caterpillar Shares Jump 10% After Record $20.5 Billion Q2 Sales
Updated
Updated · Yahoo Finance · Aug 4
Caterpillar Shares Jump 10% After Record $20.5 Billion Q2 Sales
2 articles · Updated · Yahoo Finance · Aug 4
Summary
$20.5 billion in second-quarter sales and revenue—up 24% from a year earlier—sent Caterpillar shares up 10% in premarket trading to a new high.
A $72.1 billion backlog, up 92% year over year, and strong order rates across all three main segments drove the record quarter, the first above $20 billion in company history.
Profitability also improved, with operating margin rising to 20.9% from 17.3% a year earlier.
Caterpillar has also benefited from AI-linked demand for power infrastructure supporting data centers, helping lift the stock 38% year to date and support the Dow's record run.