Caterpillar posts record profit margins for 2024 despite slower sales
Caterpillar posts record profit margins for 2024 despite slower sales
Caterpillar's 2024 financial results are in, and the company had a solid year, just slightly off 2023's record-breaking numbers. Lower sales volume was primarily driven by lower sales of equipment to end users. Operating profit margin was 20.2 percent in 2024, compared with 19.3 percent in 2023.
Caterpillar's 2024 financial results are in, and the company had a solid year, just slightly off 2023's record-breaking numbers. Lower sales volume was primarily driven by lower sales of equipment to end users. Operating profit margin was 20.2 percent in 2024, compared with 19.3 percent in 2023.