6 things we learned from Caterpillar’s 2023 results
07 February 2024
Cat’s 395 large excavator delivers more production and durability with less maintenance than the model it replaced. Photo: Caterpillar
Earlier this week, US construction equipment manufacturer Caterpillar unveiled what it hailed as the best financial year in its history.
Sales at the company as a whole hit a record US$67.1 billion for the year, up 13% on 2022, while operating profit was $13 billion, up 64%.
Caterpillar said the increase in sales reflected higher sales volume, driven by higher sales of equipment to end users, along with its continued…
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