Caterpillar Reports Higher First-Quarter Profit Due to Strong Construction and Power Equipment Sales
Caterpillar reported a first-quarter adjusted profit of $5.54 per share, up from $4.25 a year earlier, driven by strong demand for construction and power generation equipment. The company's revenue rose 22% to $17.42 billion, with the construction segment revenue increasing by 38%. Shares rose nearly 5% in premarket trading.
Tickers: $CAT
Topics: AI Demand Construction Equipment Earnings Power Generation Profit Growth Revenue Growth