Cat reports 24% sales increase to $20.5 billion
Adjusted profit per share was $8.17, up from $4.72 a year ago. The company returned $2.2 billion to shareholders.
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Manufacturer of heavy equipment, engines, turbines, and locomotives
caterpillar.comLast updated
In short: Caterpillar reported record Q2 sales of $20.5 billion and raised growth targets due to surging demand for AI data center power systems.
Adjusted profit per share was $8.17, up from $4.72 a year ago. The company returned $2.2 billion to shareholders.
The $10 million allocation aims to train workers for modern manufacturing jobs.
Caterpillar will release second-quarter results at 5:30 a.m. CDT on Aug. 4, with a conference call at 7:30 a.m. CDT.
The acquisition integrates near-real-time spatial data into RPM and MineStar solutions to improve mine site performance.
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