Caterpillar (NYSE: CAT) faces headwinds like any multinational business today, but its Q2 results highlight why its stock price can, and will, crawl higher over time. While macroeconomic headwinds, including lower realized prices, cut into revenue and earnings, the business is on the cusp of returning to growth, and its capital return is safe.
The capital return is critical for Caterpillar investors and includes dividends, distribution growth, and share buybacks.
