Caterpillar Q4 Revenues Climb 18% to $19.1B as Margins Contract

CATCAT

Caterpillar posted Q4 revenues of $19.133 billion, up 18% YoY, and delivered adjusted EPS of $5.16, topping the $4.67 consensus. Power & Energy sales jumped 37% to $9.4 billion and backlog hit a record $51 billion, while margins fell to 13.9% from 18.0% due to higher tariffs and costs.

1. Completion of Quebec Rare Earth Elements Transaction

CAT Strategic Metals Corporation has finalized its previously announced agreement granting the company the exclusive right to earn a majority interest in a district-scale rare earth elements exploration project in Quebec. Under the binding memorandum of understanding dated January 13, 2026, CAT issued 33,000,000 common shares at a deemed price of $0.015 per share, representing total consideration of $495,000. All securities issued are subject to a statutory hold period of four months and one day and carry a concurrent resale restriction in accordance with Canadian Securities Exchange policy.

2. Appointment of Christopher Malone as CFO and Corporate Secretary

Effective January 29, 2026, CAT Strategic Metals has appointed Christopher Malone as Chief Financial Officer and Corporate Secretary, replacing Steven Cozine who will remain on the board as a director. Mr. Malone brings 35 years of executive management and corporate finance experience as founding director of PrOasis Consulting. He holds a CPA, CMA designation and a B.A. in Commerce and Economics from the University of Western Ontario. Over his 43-year career in North American markets he has advised multiple public and private companies on listing, regulatory reporting and governance across Canadian and U.S. exchanges.

Sources

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