Caterpillar beats first-quarter sales and profit expectations
Updated
Updated · The Wall Street Journal · Apr 30
Caterpillar beats first-quarter sales and profit expectations
19 articles · Updated · The Wall Street Journal · Apr 30
The company said 2026 sales should rise at least 10%, with shares up more than 6% premarket and dealers adding $1.5 billion of construction equipment inventory.
Construction equipment sales jumped 38% in the quarter, while power and energy sales rose 22% as data-centre developers increased demand for generators.
Caterpillar also cut its projected annual tariff costs to $2.2 billion-$2.4 billion from $2.6 billion, though it still expects about $700 million in tariffs this quarter.
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