Heavy equipment and engine manufacturer Caterpillar yesterday posted financial results for its fiscal third quarter.
According to a statement, operating profit margin was 20.5% for the quarter, compared with 16.2% for the year-ago quarter. Adjusted operating profit margin was 20.8%, compared with 16.5% for the prior year. Profit per share was $5.45, compared with $3.87 a year ago. Adjusted profit per share was $5.52, compared with $3.95 in 2022.
“I’d like to thank our global team for delivering another great quarter, as demonstrated by double-digit, top-line growth, strong adjusted operating profit margin and robust ME&T free cash flow,” chairman and CEO Jim Umpleby said in the statement. “We remain focused on supporting our customers’ success and executing our strategy for long-term profitable growth.”
The company did not issue guidance for the fourth quarter, nor did it break out financial specifics for its marine engine segment.
