🔹 Adj. EPS: $4.25 (est. $4.32) 🔴
🔹 Revenue: $14.25B (est. $14.69B) 🔴 (–10% YoY)
🔹 Adj. Operating Income: $2.61B (est. $2.64B) 🟡
🔹 Operating Margin: 18.1% (vs. 22.3% YoY)
🔹 Adj. Operating Margin: 18.3% (vs. 22.2% YoY)
🔹 Operating Cash Flow: $1.3B
🔹 Capital Returned to Shareholders: $4.3B (buybacks + dividends)
Segment Revenue:
🔹 Machinery, Energy & Transportation (ME&T): $13.38B (–11% YoY)
🔹 Construction Industries: $5.18B (–19% YoY), Profit: $1.02B (–42% YoY)
🔹 Resource Industries: $2.88B (–10% YoY), Profit: $599M (–18% YoY)
🔹 Energy & Transportation: $6.57B (–2% YoY), Profit: $1.31B (+1% YoY)
🔹 Financial Products: $871M (+4% YoY), Profit: $215M (–27% YoY)
Regional Revenue Breakdown (YoY):
🔹 North America: $7.74B (–10%)
🔹 Latin America: $1.52B (–3%)
🔹 EAME: $2.51B (–12%)
🔹 Asia/Pacific: $2.49B (–12%)
Strategic / Capital Allocation:
🔸 $3.7B deployed for share repurchases, $0.7B in dividends
🔸 Ending enterprise cash: $3.6B
🔸 Profit pressure primarily from lower dealer inventory builds and pricing headwinds
CEO Commentary:
🔸 “Solid results in a more challenging demand environment.” – Jim Umpleby, CEO
🔸 “Strategy delivering; diverse portfolio showing resilience.” – Joe Creed, incoming CEO
