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Construction equipment manufacturer Caterpillar Inc. (NYSE: CAT ) reported double-digit growth in fourth-quarter revenue and adjusted earnings.
Adjusted net profit increased to $3.86 per share in the December quarter from $2.69 per share in the same period last year. Unadjusted earnings were $2.79 per share, compared to $3.91 per share in the fourth quarter of 2021.
The following benefited from a 20% increase in sales & profits to $16.6 billion. All major operating segments registered growth.
Check out this space to read management/analyst commentary on Caterpillar’s Q4 2022 results
“Despite supply chain challenges, the team achieved double-digit top-line growth and generated strong ME&T free cash flow. We remain committed to serving our customers, executing on our strategy and investing for long-term profitable growth,” said Caterpillar CEO Jim Umpleby.
(this story will be updated soon)
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