PEORIA, Ill. (WMBD) — Revenues are looking up at Caterpillar.
According to a CAT press release Tuesday, full-year sales and revenues in 2022 were $59.4 billion, up 17% compared with $51.0 billion in 2021.
“Our global team delivered one of the best years in our nearly 100-year history, including record full-year adjusted profit per share,” said Caterpillar Chairman and CEO, Jim Umpleby. “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 our strategy and investing for long-term profitable growth.”
Sales and revenues for the fourth quarter of 2022 were $16.6 billion, a 20% increase compared with $13.8 billion in the fourth quarter of 2021.
More information is available on Caterpillar’s website.