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Even though supply-chain issues have resulted in higher costs for the blue-chip company, a barometer for global industrial activity, it has benefited from a strong equipment demand along with price hikes and cost controls.
“Our second-quarter results reflect healthy demand across most of our end markets,” Chief Executive Jim Umpleby said.
Caterpillar’s revenue for the quarter through June rose to $14.25 billion from $12.89 billion a year ago.
Adjusted profit rose to $3.18 per share from $2.60 per share.
