Construction and mining equipment manufacturer Caterpillar Inc. (CAT) recently witnessed one of the best years in its nearly 100-year history. For the full year of 2022, the company’s sales came in at $59.40 billion, up 17% over the previous year. The growth reflected favorable price realization and higher sales volume, driven by a surge in dealer inventories, increased services, and strong equipment sales to end users.
CAT’s adjusted profit per share in 2022 was $13.84, an increase of 28% over the previous year. Also, the company’s enterprise operating cash flow was $7.80 billion. Moreover, liquidity remained strong, with an enterprise cash balance of $7 billion at the end of 2022.
