Caterpillar Profit Rises as Large Construction Equipment Demand Stays Resilient
Caterpillar : Q4 Non-GAAP EPS of $5.23 beats by $0.48. Revenue of $17.1B misses by $30M.Caterpillar shares gained 1% on the news.Strong operating cash flow of $12.9 billion; ended the year with $7.0 billion of enterprise cash.Returned $7.5 billion to shareholders through share repurchases and dividends in 2023.Liquidity remained strong with an enterprise cash balance of $7.0 billion at the end of 2023.