Caterpillar Profits Soar Fivefold

April 29, 2011
Sales climbed 57% to $12.95 billion.

Caterpillar, the world's largest heavy equipment maker, said on April 29 that profit soared fivefold in the first quarter, boosted by strong demand.

Caterpillar said it had "record" profit for the first quarter of $1.22 billion, an increase of 426% from $233 million over the same period a year ago.

Earnings per share hit $1.84 -- "an all-time quarterly record and a 41% improvement" from 36 cents EPS in the first quarter of 2010.

Sales climbed 57% to $12.95 billion.

Copyright Agence France-Presse, 2011

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2024. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.

Sponsored Recommendations

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!