Earnings PerformanceCaterpillar's earnings per share of $5.60 exceeded consensus estimates, showcasing the company's ability to surpass earnings expectations.
Financial Services GrowthCAT Financial Services revenue increased 19% driven by higher average financing rates, indicating a robust growth in the company's financial services segment.
Market PositionWith Resource Industries and Energy & Transportation volumes still toward the bottom of their respective cycles and megatrends such as infrastructure, electrification, and reshoring ahead, there is continued support for additional cycle upside.