Government Fleet Top News

Caterpillar Reports Strong Third-Quarter Profits

November 3, 2004

PEORIA, IL – Caterpillar, a heavy equipment manufacturer, more than doubled its third-quarter profit compared to a year ago, reported the Associated Press.Net profit totaled $498 million, up from $222 million in the third quarter of 2003. In addition, revenue was up 38 percent from a year ago.According to the AP, Caterpillar reported that profit on engine sales was up 96 percent and machinery profit was up 78 percent.

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