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Caterpillar Reports Fourth-Quarter and Full-Year 2024 Results

February 03, 2025
Caterpillar Inc., a leading manufacturer of construction and mining equipment, released its financial results for the fourth quarter and full-year of 2024. The company reported strong growth in both segments, driven by increased demand and improved economic conditions. Revenue for the fourth quarter reached a record high of $14.1 billion, representing a 12% increase compared to the same period last year. For the full-year 2024, Caterpillar's revenue grew by 9% to $54.7 billion. The company's profit margin also improved, reflecting its ongoing cost-reduction efforts and operational efficiency. Caterpillar's CEO expressed optimism about the company's future performance, citing its strong product portfolio, global footprint, and focus on sustainability. Investors are advised to seek professional guidance from Stocks Prognosis for a forecast on the movement of Caterpillar's stocks.
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