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Caterpillar Reports Decline in 2024 Sales and Revenue

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Caterpillar Reports Decline in 2024 Sales and Revenue

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The latest announcement is out from Caterpillar ( (CAT) ).

Caterpillar announced its financial results for the fourth quarter and full-year 2024, with sales and revenues declining by approximately 5% and 3% respectively compared to 2023. Despite the decrease in sales, the company achieved record adjusted profit per share and maintained a strong cash flow, deploying significant cash for share repurchases and dividends, reflecting continued investor confidence.

More about Caterpillar

Caterpillar Inc. operates within the heavy machinery and equipment industry, focusing on the manufacturing of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives.

YTD Price Performance: 8.80%

Average Trading Volume: 2,074,154

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $188.4B

See more data about CAT stock on TipRanks’ Stock Analysis page.

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