Caterpillar (CAT) Tops Q1 EPS by 28c

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Go back to Caterpillar (CAT) Tops Q1 EPS by 28c

Cat Financial Announces First-Quarter 2022 Results

April 28, 2022 6:31 AM EDT

NASHVILLE, Tenn., April 28, 2022 /PRNewswire/ -- Cat Financial reported first-quarter 2022 revenues of $652 million, an increase of $13 million, or 2%, compared with the first quarter of 2021. First-quarter 2022 profit was $143 million, a $3 million, or 2%, increase from the first quarter of 2021.

The increase in revenues was primarily due to a $36 million favorable impact from returned or repossessed equipment, partially offset by a $29 million unfavorable impact from lower average financing rates. 

First-quarter 2022 profit before income taxes was $193 million, a $3 million, or 2%, decrease from the first quarter of 2021. The... More