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Caterpillar’s Q4 Earnings Beat Amid Sustained Heavy Machinery Demand – $CAT $DIA

By John F. Heerdink, Jr.

Reportedly, Caterpillar, Inc. (CAT) beat fourth-quarterly revenue estimates boosted by the sustained demand for its heavy machinery and construction equipment as global economic activity recovers from pandemic lows. The company’s decision to raise equipment prices leveled the impact of global supply chain disruptions triggered by the pandemic and inflationary cost pressures.

“Supply chain has been a wild card for all of us in 2021. As we continue to have factories and labor available, and supply chain constraints alleviate, we are able to meet underlying customer demand,” stated Chief Financial Officer Andrew Bonfield.

Total revenue increased 23% to $13.80 billion in the fourth quarter ended Dec. 31, ahead of analysts’ average estimate of $13.15 billion. Caterpillar earned a profit of $2.12 billion compared to $780 million a year ago, with an adjusted EPS of $2.69 per share, exceeding analysts’ estimates for $2.26 a share.

Dow 30 Component Caterpillar, Inc. (CAT) is the world’s chief manufacturer of diesel and natural gas engines, construction and mining equipment, industrial gas turbines, and diesel-electric locomotives. Caterpillar, Inc. also works to make sustainable progress possible and contributes to driving positive change on every continent. To learn more about Caterpillar, Inc. (CAT) and to continue to track its progress please visit the Vista Partners Caterpillar, Inc. Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Caterpillar sales soar, warns of margin pressure in Reuters)


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