Caterpillar Shares Surge on Record Revenue and Strong Buyback Strategy
Caterpillar Inc. (CAT) shares climbed 3.10% to $663.23 after reporting record annual sales and robust fourth-quarter performance. The industrial giant posted $19.1 billion in Q4 revenue, an 18% year-over-year increase, driven by sustained equipment demand and stable dealer inventories.
Operating profit declined 9% to $2.66 billion due to manufacturing cost pressures and tariff impacts, but investor sentiment remained bullish. The company's aggressive share buybacks and dividend payments underscored confidence in its cash Flow generation capabilities, with markets rewarding the demonstrated operational resilience.