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Today: March 30, 2025

Caterpillar profit rises as large construction equipment demand stays resilient

FILE PHOTO: A Caterpillar (Cat) Excavator is seen working at a construction site near the New York Harbor in Brooklyn, New York
April 26, 2024
Reuters - Reuters

(Reuters) - Caterpillar reported a higher quarterly profit on Monday, buoyed by strong demand for its excavators and other large construction equipment amid higher infrastructure spending and a rebound in residential real estate market in the U.S.

The company's profit rose to $2.68 billion, or $5.28 per share, in the fourth quarter ended Dec. 31, from $1.45 billion, or $2.79 per share, a year earlier.

(Reporting by Shivansh Tiwary in Bengaluru; Editing by Sriraj Kalluvila)

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