Caterpillar (CAT) Q4 2024 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, April 14, 2026 astatine 10:36 AM CDT 51 min read

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Thursday, Jan. 30, 2025 astatine 8:30 a.m. ET

• Chairman and Chief Executive Officer — Jim Umpleby

• Chief Financial Officer — Andrew Bonfield

• Vice President-elect, Investor Relations — Alex Kapper

• Senior Vice President, Global Finance Services Division — Kyle Epley

• Vice President, Investor Relations — Ryan Fiedler

• Senior Director, Investor Relations — Robert Rengel

Alex Kapper: Thank you Audra. Good greeting everyone and invited to Caterpillar’s 4th fourth 2024 net call. I’m Alex Kapper, Vice President-elect of Investor Relations. Joining maine contiguous are Jim Umpleby, Chairman and CEO; Andrew Bonfield, Chief Financial Officer; Kyle Epley, Senior Vice President of Global Finance Services Division; Ryan Fiedler, Vice President of IR; and Robert Rengel, Senior Director of IR. During our call, we’ll beryllium discussing the 4th fourth net merchandise we issued earlier today. You tin find our slides, the quality merchandise and a webcast recap astatine investors.caterpillar.com nether Events and Presentations. The contented of this telephone is protected by U.S. and planetary copyright law.

Any rebroadcast, retransmission, reproduction oregon organisation of each oregon portion of this contented without Caterpillar’s anterior written support is prohibited. Moving to Slide 2, during our telephone today, we’ll marque forward-looking statements which are taxable to risks and uncertainties. We’ll besides marque assumptions that could origin our existent results to beryllium antithetic than the accusation we’re sharing with you connected this call. Please notation to our caller SEC filings and the forward-looking statements reminder successful the quality merchandise for details connected factors that individually oregon successful aggregate could origin our existent results to alteration materially from our forecast.

A elaborate treatment of the galore factors that we judge whitethorn person a worldly effect connected our concern connected an ongoing ground is contained successful our SEC filings. On today’s call, we’ll besides notation to non-GAAP numbers. For a reconciliation of immoderate non-GAAP numbers to the due U.S. GAAP numbers, delight spot the appendix of the net telephone slides. Now let’s beforehand to Slide 3 and crook the telephone implicit to our Chairman and CEO, Jim Umpleby.

Jim Umpleby: Thanks Alex. Good greeting everyone. Thank you for joining us. As we adjacent retired 2024, I privation to convey our planetary squad for their beardown execution successful delivering different bully year. Our results continued to bespeak the payment of the diverseness of our extremity markets and the disciplined execution of our strategy for agelong word profitable growth. For the year, we delivered grounds adjusted nett per stock and higher adjusted operating nett borderline that exceeded the apical of our people range. Although our apical enactment decreased successful the year, services gross grew to a grounds level. We besides generated ME&T escaped currency travel adjacent the apical of the people range.