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Caterpillar Inc. 3Q 2021 Earnings Release FOR IMMEDIATE RELEASE Caterpillar Reports Third - Quarter 2021 Results ( $ in billions except profit per share ) Sales and Revenues Profit Per Share Adjusted Profit Per Share Third Quarter 2021 $ 12.4 $ 2.60 $ 2.66 2020 $ 9.9 $ 1.22 $ 1.52 Exhibit 99.1 October 28 , 2021 • Third - quarter 2021 sales and revenues increased 25 % to $ 12.4 billion • Third - quarter 2021 profit per share of $ 2.60 ; adjusted profit per share of $ 2.66 Strong balance sheet ; returned $ 2.0 billion to shareholders through dividends and share repurchases in the quarter DEERFIELD , III . - Caterpillar Inc. ( NYSE : CAT ) today announced third - quarter 2021 sales and revenues of $ 12.4 billion , a 25 % increase compared with $ 9.9 billion in the third quarter of 2020. The increase was primarily due to higher sales volume , driven by higher end - user demand for equipment and services , and favorable price realization . ( more ) Operating profit margin was 13.4 % for the third quarter of 2021 , compared with 10.0 % for the third quarter of 2020. Third - quarter 2021 profit per share was $ 2.60 , compared with third - quarter 2020 profit per share of $ 1.22 . Adjusted profit per share in the third quarter of 2021 was $ 2.66 , compared with third - quarter 2020 adjusted profit per share of $ 1.52 . Third - quarter 2021 adjusted profit per share of $ 2.66 reflected strong operational performance and a lower - than - expected effective tax rate . Adjusted profit per share for both quarters excluded restructuring costs , while the third quarter of 2020 also excluded remeasurement losses of $ 0.12 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 nine months ended September 30 , 2021 , enterprise operating cash flow was $ 5.8 billion and the company ended the third quarter with $ 9.4 billion of enterprise cash . In the quarter , the company repurchased $ 1.4 billion of Caterpillar common stock and paid dividends of $ 0.6 billion . " Our global team continues to execute our long - term strategy for profitable growth while working to mitigate supply chain challenges as we serve our customers , " said Chairman and CEO Jim Umpleby . " Our third quarter results reflect higher sales and revenues across our three primary segments and in all regions . "