Caterpillar Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 04:00 pm IST
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Caterpillar Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was USD 13,589 million compared to USD 11,887 million a year ago. Net income was USD 1,537 million compared to USD 1,530 million a year ago. Basic earnings per share from continuing operations was USD 2.88 compared to USD 2.8 a year ago. Diluted earnings per share from continuing operations was USD 2.86 compared to USD 2.77 a year ago.
Caterpillar Inc. is the world's leading producer of mining construction and operation equipment, diesel and natural gas motors, and industrial gas turbines. Net sales break down by activity as follows:
- sale of machines and motors (94.5%): terracing and construction machines (power shovels, high-lifts, bulldozers, etc.), agricultural and forestry tractors, motors and turbines (for heavy trucks, boats, industrial machines, and power stations), conveyer systems, hydraulic circuits and components, etc.;
- financial services (5.2%) ;
-other (0.6%).
Net sales are distributed geographically as follows: North America (51.6%), Europe/Africa/Middle East (20.4%), Asia/Pacific (18.1%) and Latin America (9.9%).