DEERFIELD, Ill. (WEEK) – Caterpillar continues to see increases in the 2021 third quarter financial report.
In a statement released early Thursday morning, Big Yellow said sales and revenue totaled $ 12.4 billion. That’s an increase of 25%, or $ 9.9 billion from a year ago.
Earnings per share were $ 2.60, up from $ 1.22 a year ago.
Adjusted earnings per share also rose to $ 2.66 from $ 1.52 12 months ago.
In the financial statement, Caterpillar says the company’s operating cash flow was $ 5.8 billion and ended the third quarter with $ 9.4 billion in company cash.
âOur global team continues to execute our long-term strategy for profitable growth while striving to mitigate supply chain challenges as we serve our customers,â said Chief Executive Officer Jim Umpleby in a press release. “Our third quarter results reflect increased sales and revenues in our three main segments and across all regions. These segments, according to the financial statement, are construction industries, resource industries, energy and transportation.
The increase in sales and revenues, by CAT, also includes higher end-user demand for equipment and services, and favorable pricing.