Caterpillar CEO on tariffs and 4 other things we learned from Q4 results
04 February 2025
As it enters its centennial year, US construction equipment manufacturer Caterpillar last week revealed that its total sales and revenue in 2024 were US$64.8 billion, down 3% from $67.1 billon in 2023, the best financial year in the company’s history.
In an earnings conference call, Caterpillar executives set out their expectations for the company’s performance over the coming year, and CEO Jim Umpleby explained why the company is bullish on its ability to ride out the impact of any tariffs imposed on imported goods by the US government.
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