“Caterpillar’s Sales Surge as Construction Booms”
August 1, 2023
“Caterpillar revenue surged 22% in the second quarter as demand for its construction products rose despite higher prices. Total revenue increased to $17.32 billion, lifted by higher sales across all three of its major segments, compared with $14.2 billion in the year-ago quarter. Analysts polled by FactSet expected total revenue and sales of $16.46 billion…”