Caterpillar reports first-quarter 2024 adjusted EPS (i.e. excluding restructuring) of $5.60, up from $4.91 a year earlier, with adjusted operating margin improving by 1.1 points to 22.2%.

The construction equipment manufacturer's sales and revenues held steady at $15.8 billion, with lower sales volumes largely offset by favorable pricing trends.

Our strong balance sheet and ME&T FCF (i.e. excluding financial income) enabled us to deploy a record $5.1 billion in cash for share buybacks and dividends in the first quarter," emphasizes CEO Jim Umpleby.

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