Caterpillar Q4 Earnings Call Highlights

Fourth-quarter sales and revenues were $19.1 billion , an all-time quarterly record and up 18% year over year. Creed and CFO Andrew Bonfield said results came in better than expected, primarily due to higher-than-anticipated volume in Power and Energy, where Caterpillar shipped more product than planned at year-end.Caterpillar’s backlog grew to a record $51 billion , up $21 billion , or 71% , from the prior year. Creed said “robust ordering activity across all three primary segments” contributed to the incr ...