Despite economic and political uncertainty in the U S, and slower growth in China, Caterpillar Monday reported record sales, revenue and profit. Sales and revenue were $65.875 billion, an increase of 10 percent while profit of $8.48 per share was an all time record, up 15 percent from 2011. Fourth quarter profit was $697 million, down considerably from 2011. Profit was negatively
affected by goodwill impairment charge and lower sales and revenues and sharply lower
production and $2 billion decline in inventory. The outlook for 2013 is cautious. World wide
employment was 125,341 but the flexible workforce decreased by nearly 7000 people.
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