Recovering Construction Market Boosts Caterpillar in Second-Quarter 2014, Mining Market Still Weak
SUGAR LAND--July 25, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Heavy machinery manufacturer Caterpillar Incorporated (NYSE:CAT) (Peoria, Illinois) reported solid profit gains for second-quarter 2014, despite a drop in revenues, as a strengthening U.S. construction market and tighter cost controls helped the company offset a continuing decline in its global mining business. Caterpillar reported $999 million in profits, a 4.06% increase from second-quarter 2013. Industrial Info is tracking $95 million in active projects involving Caterpillar.
Within this article: Details on Caterpillar's quarter and active projects, including the addition of a diesel generator at a facility in Saudi Arabia.
