Cat Reports Record Sales, Revenue, Profit for 2012
By: Bob Larson
Updated: April 26, 2013
Despite economic and political uncertainty in the U S, and slower growth in China, Caterpillar Monday reported record sales, revenue and profit. Sales and revenue were $65.875 billion, an increase of 10 percent while profit of $8.48 per share was an all time record, up 15 percent from 2011. Fourth quarter profit was $697 million, down considerably from 2011. Profit was negatively
affected by goodwill impairment charge and lower sales and revenues and sharply lower
production and $2 billion decline in inventory. The outlook for 2013 is cautious. World wide
employment was 125,341 but the flexible workforce decreased by nearly 7000 people.
