Caterpillar Inc. has reported 2003 sales and revenues of $22.76 billion and profit of $1.1 billion or $3.13 per share.
For the fourth quarter, sales and revenues were $6.47 billion and profit was $349 million or $0.97 per share.
Sales and revenues of $22.76 billion were up 13% compared to $20.15 billion in 2002. For the fourth quarter, sales and revenues of $6.47 billion were up 20% compared to $5.38 billion in the fourth quarter 2002.
"Caterpillar had an excellent year," said Chairman and CEO Glen Barton. "We took full advantage of the recovering capital goods market to make real progress on our growth objectives while continuing to lower core operating costs. With a 13% sales and revenue increase this year, we are well on our way to achieving our growth target of $30 billion of sales and revenues in this decade.
"After an aggressive development program, we introduced ACERT technology, earning Caterpillar the distinction of being the only engine manufacturer with a full line of 2004 EPA certified and compliant clean diesel engines."
More information is available at www.cat.com.
For the fourth quarter, sales and revenues were $6.47 billion and profit was $349 million or $0.97 per share.
Sales and revenues of $22.76 billion were up 13% compared to $20.15 billion in 2002. For the fourth quarter, sales and revenues of $6.47 billion were up 20% compared to $5.38 billion in the fourth quarter 2002.
"Caterpillar had an excellent year," said Chairman and CEO Glen Barton. "We took full advantage of the recovering capital goods market to make real progress on our growth objectives while continuing to lower core operating costs. With a 13% sales and revenue increase this year, we are well on our way to achieving our growth target of $30 billion of sales and revenues in this decade.
"After an aggressive development program, we introduced ACERT technology, earning Caterpillar the distinction of being the only engine manufacturer with a full line of 2004 EPA certified and compliant clean diesel engines."
More information is available at www.cat.com.
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