Caterpillar announced its fourth-quarter and full year financial results for 2018.
Sales and revenues in the fourth quarter were $14.3 Billion. That’s an 11 percent increase from $12.9 Billion in 2017. There was a big improvement in profits per share. In 2018, Caterpillar saw a price per share of $1.78. That’s compared to a loss of ($2.18) in the fourth quarter of 2017.
“In 2018, Caterpillar achieved record profit per share and returned significant levels of capital to shareholders,” said Caterpillar Chairman and CEO Jim Umpleby. “Our global team remained focused on serving our customers, executing our strategy and investing for future profitable growth.”
Following a record year for profit per share, Caterpillar expects 2019 profit to increase to a range of $11.75 to $12.75 per share.
“Our outlook assumes a modest sales increase based on the fundamentals of our diverse end markets as well as the macroeconomic and geopolitical environment. We will continue to focus on operational excellence, including cost discipline, while investing in expanded offerings and services to drive long-term profitable growth,” added Umpleby.