Caterpillar sees profits, sales increase

US heavy equipment producer and plate consumer Caterpillar saw both profits and sales increase on-year in the first quarter, Kallanish learns. 

Caterpillar earned $1.53 billion on sales of $11.9 billion in Q1, up from a profit of $1.09 billion on sales of $10.6 billion in Q1 2020. 

Operating margin likewise increased, rising from 13.2% last year to 15.3%. 

"We're encouraged by improving conditions in our end markets and are proactively managing supply chain risks. Our dedicated team continues to execute our strategy for long-term profitable growth,” says ceo Jim Umpleby.

Dan Hilliard USA