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Caterpillar posts solid 2Q earnings

Caterpillar is reporting strong earnings in the second quarter.

The company reported sales and revenue of $14.2 billion in the last quarter. That's up 11 percent from the same time last year.

Caterpillar CEO Jim Umpleby says the company posted growth despite ongoing supply chain challenges. He says that's due to strong demand.

Profit per share is $3.13. Operating profit margins are up 13.6 percent.

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Tim is the News Director at WCBU Peoria Public Radio.