Caterpillar booked 20.543 billion dollars of sales and revenues in the second quarter, up 24 percent from 16.569 billion. Volume added 3.1 billion. Price realization added 595 million. The volume sentence on the 4 August 8-K is higher sales of equipment to end users. That is iron leaving the factory, not a dealer parts book.
Construction Industries printed 8.346 billion, up 35 percent. North America 5.065 billion, up 50 percent. Diluted profit per share 7.77. Operating profit 4.295 billion. Operating margin 20.9 percent. None of those lines is a parts book.
Power and Energy printed 8.238 billion, up 17 percent. Power generation 3.098 billion, up 29 percent, large reciprocating engines and turbines and turbine-related services, data-center applications named. Oil and gas named reciprocating-engine aftermarket parts as a plus, next to turbines and turbine-related services. Resource Industries printed 4.648 billion, up 20 percent. Mining, heavy construction, and quarry and aggregates 3.685 billion, up 22 percent. Rail 883 million, up 15 percent, international locomotives and rail services. Financial Products 1.145 billion, up 10 percent. The aftermarket sentence and the services sentence sit on the same 8-K as the iron. They are different objects. A data-center engine is a different page. Power generation of 3.098 billion is the engine book. A filter and a bushing belong on the parts counter.
A machine is sold once. The hour is sold for as long as the frame still turns. Undercarriage, filters, pumps, remanufactured engines, the dealer counter that looks up a serial number: that is the parts book. Komatsu sells iron too. Deere sells iron too. The book is the reason a twenty-year truck still has a Caterpillar invoice after the original buyer is gone. There is no dealer inventory integer on the 8-K. The dealer count stays blank. The filing already named sales of equipment to end users. That is iron at the factory gate, not a lot count at a yard.
W.W. Grainger sells a parts book that never poured the casting. Fastenal is another counter. United Rentals rents the hour. Caterpillar sells the machine and the parts book written for that machine. Grainger sells a counter. United Rentals sells the hour. The listed object is Caterpillar. The product is the parts book written for the machine that left the factory.
Caterpillar booked 20.543 billion dollars of sales and revenues in the second quarter. The 4 August 8-K named higher sales of equipment to end users. Oil and gas named reciprocating-engine aftermarket parts as a plus. Rail named rail services. The iron left the factory. The book is the longer object on the same 8-K.
The 4 August 8-K named iron to end users. Oil and gas named aftermarket parts as a plus.