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Caterpillar Inc. 2Q 2021 Earnings Release FOR IMMEDIATE RELEASE ( $ in billions except profit per share ) Sales and Revenues Profit Per Share Caterpillar Reports Second - Quarter 2021 Results Adjusted Profit Per Share Second Quarter 2021 $ 12.9 $ 2.56 $ 2.60 2020 $ 10.0 $ 0.84 $ 1.27 July 30 , 2021 • Second - quarter 2021 sales and revenues increased 29 % to $ 12.9 billion • Second - quarter 2021 profit per share of $ 2.56 ; adjusted profit per share of $ 2.60 Strong balance sheet ; returned $ 0.8 billion to shareholders through dividends and share repurchases DEERFIELD , III . - Caterpillar Inc. ( NYSE : CAT ) today announced second - quarter 2021 sales and revenues of $ 12.9 billion , a 29 % increase compared with $ 10.0 billion in the second quarter of 2020. The increase was primarily due to higher sales volume driven by higher end - user demand for equipment and services and the impact from changes in dealer inventories . Dealers decreased their inventories more during the second quarter of 2020 than during the second quarter of 2021 . ( more ) Operating profit margin was 13.9 % for the second quarter of 2021 , compared with 7.8 % for the second quarter of 2020. Second - quarter 2021 profit per share was $ 2.56 , compared with $ 0.84 profit per share in the second quarter of 2020. Adjusted profit per share in the second quarter of 2021 was $ 2.60 , compared with second - quarter 2020 adjusted profit per share of $ 1.27 . Adjusted profit per share for both quarters excluded restructuring costs , while the second quarter of 2020 also excluded remeasurement losses of $ 0.19 per share , resulting from the settlements of pension obligations . Please see a reconciliation of GAAP to non - GAAP financial measures in the appendix on page 13 . For the first half of 2021 , enterprise operating cash flow was $ 4.0 billion . In total , the company returned $ 0.8 billion to shareholders in the quarter , after increasing the dividend and reinstating share repurchases . The company ended the period with $ 10.8 billion of enterprise cash . " Our dedicated global team remains focused on serving our customers , executing our strategy and investing for future profitable growth , " said Caterpillar Chairman and CEO Jim Umpleby . " We're encouraged by higher sales and revenues across all regions and in our three primary segments , which reflect continued improvement in our end markets . "