The company said it expects headwinds to its adjusted operating profit margin in the first quarter versus a year earlier, but sees improvement throughout the rest of the year.
Total revenue rose 23 per cent to $13.80-billion in the fourth quarter as construction demand across most of its regions saw an unprecedented level of public spending.The company reported a profit of $2.12-billion in the quarter ended Dec. 31, compared with $780-million a year earlier. On an adjusted basis, Caterpillar earned $2.69 per share, topping analysts estimates for $2.26 a share, according to Refinitiv I/B/E/S.
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