Sales and revenues were down in 2014 for big yellow, but the company still reported an increase in profit. Caterpillar announced a slight decrease in sales last year to $55.184 billion dollars, down slightly from $55.656 billion in 2013. Profit per share stood at $5.88 compared to $5.75 in 2013.
Brad Halverson is the Chief Financial Officer for Cat.
“A year where we finished with sales down and profit up I think is a continued testament to our team and how we’re performing from an operating perspective.”
Meanwhile, fourth quarter sales and revenues were also down to $14.244 billion dollars compared to $14.402 billion in the fourth quarter of 2013. Profit per share was at $1.23. That’s down from $1.54 in the 4th quarter of 2013.
Cat officials say slow growth in the world economy and continued weakness in commodity prices could negatively impact this year’s sales. Sales and revenues are predicted to be about $50 billion for 2015.