Caterpillar increased its net profit 8 times for 2018


One of the largest manufacturers of construction and mining equipment, American Caterpillar Inc., increased profit 8.2 times compared to 2017. Earnings rose to $6.147 billion. Earnings per share were $10.26 compared with $1.26 last year. Revenue simultaneously increased by 20.4% and reached $54.722 million. In the last quarter of the year, Caterpillar's profit exceeded $1 billion against $1.299 billion loss in 2017. Diluted earnings per share were $1.78, compared with a loss of $2.18 during the earnings period last year. The company increased its revenues by 11.2% to $14.342 billion. Caterpillar CEO, Jim Umpleby, called earnings per share in 2018 the best in the company's history. The company predicts earnings per share in 2019 at $11.75-12.75.

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