🔹 Adj EPS: $5.14 (Est. $5.05) 🟢
🔹 Revenue: $16.22B (Est. $16.42B) 🔴
🔹 Financial Products Revenue: $883M (Est. $858M) 😐
🔹 Machinery, Energy & Transportation Revenue: $15.33B
🔸 Sees FY25 sales and revenues slightly lower YoY
🔸 Sees Q1 2025 sales and revenues lower than Q1 2024
Q4 Segment Revenue:
🔹 Construction Industries: $6.00B (Est. $6.04B) 🔴; DOWN -8% YoY
🔹 Resource Industries: $2.96B (Est. $3.05B) 🔴; DOWN -9% YoY
🔹 Energy & Transportation: $7.65B (Est. $7.75B) 🔴; FLAT YoY
Financial & Operational Metrics:
🔹 Adj. Operating Income: $2.96B (Est. $3.15B) 🔴
🔹 Operating Profit Margin: 18.0% (Prev. 18.4%) 🔻
🔹 Adj. Operating Profit Margin: 18.3% (Prev. 18.9%) 🔻
🔹 Net Income: $2.41B (Est. $2.41B) 🟡
🔹 Free Cash Flow: $3.72B
🔹 Enterprise Cash: $6.9B
🔹 Stock Repurchases & Dividends: $10.3B in 2024
Geographic Breakdown:
🔹 North America Revenue: $7.63B; DOWN -7% YoY
🔹 Latin America Revenue: $1.75B; DOWN -7% YoY
🔹 EAME Revenue: $3.27B; DOWN -2% YoY
🔹 Asia/Pacific Revenue: $2.96B; DOWN -3% YoY
Profit by Segment:
🔹 Construction Industries Profit: $1.17B; DOWN -24% YoY
🔹 Resource Industries Profit: $466M; DOWN -22% YoY
🔹 Energy & Transportation Profit: $1.48B; UP +3% YoY
🔹 Financial Products Profit: $166M; DOWN -29% YoY
CEO Jim Umpleby’s Commentary:
🔸 "Our global team delivered record adjusted profit per share and strong ME&T free cash flow in 2024."
🔸 "As we celebrate our centennial year, we remain committed to executing our strategy and investing for long-term profitable growth."
