Caterpillar reports Q1 adjusted EPS $5.60, consensus $5.14

Reports Q1 revenue $15.8B, consensus $16.04B. “I’m pleased with our team’s performance that resulted in higher adjusted operating profit margin, record adjusted profit per share and strong ME&T free cash flow. Our strong balance sheet and ME&T free cash flow allowed us to deploy a record $5.1 billion of cash for share repurchases and dividends in the first quarter,” said Chairman and CEO Jim Umpleby. “We continue to execute our strategy for long-term profitable growth.”