Caterpillar Posts Record Revenue

Jan. 26, 2012
Income up 60% from last year

Caterpillar said on Jan. 27 that it earned record profit for the fourth quarter driven by sales outside the U.S. market, and forecast higher earnings in 2012.

Caterpillar posted $1.5 billion in net income for the final three months of 2011, up a hefty 60% from the year-ago period.

Earnings were $2.32 per share, far ahead of the average analyst estimate of $1.73.

Fourth-quarter revenue jumped 35% to an all-time high of $17.2 billion, said the heavy equipment manufacturer, considered a bellwether of the global economy.

Copyright Agence France-Presse, 2011

See Also
Caterpillar Chairman Wants U.S. to Expand Role in Selling Abroad

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

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