Cookie & Privacy Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. View the privacy policy to find out more here.

Kallanish Kallanish

Knowledge matters Knowledge matters

May, 12th 2021

Free Trial Buy Subscription
APR 29
12:49

Caterpillar sees profits, sales increase

347 Views

US heavy equipment producer and plate consumer Caterpillar saw both profits and sales increase on-year in the first quarter, Kallanish learns. 

Caterpillar earned $1.53 billion on sales of $11.9 billion in Q1, up from a profit of $1.09 billion on sales of $10.6 billion in Q1 2020. 

Operating margin likewise increased, rising from 13.2% last year to 15.3%. 

"We're encouraged by improving conditions in our end markets and are proactively managing supply chain risks. Our dedicated team continues to execute our strategy for long-term profitable growth,” says ceo Jim Umpleby.

Dan Hilliard USA