Fourth-quarter earnings released for CAT

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Caterpillar announced fourth-quarter 2013 sales and revenues were $14.402 billion, down 10 percent from $16.075 billion in the fourth quarter of 2012.

 

However, that doesn't paint the full picture of how the Decatur plant is doing. In 2013 CAT said sales for high margin mining projects substantially declined. The mining equipment is what the Decatur plant primarily makes.

 

Due to the sharp drop in sales the company has laid off more than 7,000 employees worldwide. CAT expects revenues to be similar in 2014. To see the whole report, go to: http://www.caterpillar.com/cda/layout?m=400936&x=7&id=4557182

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