DEERFIELD, Ill. — Caterpillar, Inc. saw a 15% decline in sales and revenue from the fourth quarter of 2020 compared to the same time period of 2019, numbers released Friday show.
The company took in $11.2 billion in sales and revenues in Q4 of 2020, compared to $13.1 billion in Q4 of 2019.
Lower end-user demand and the impact from changes in dealer inventories because of the COVID-19 pandemic led to an overall 22% decrease for the year 2020 from 2019, $41.7 billion compared to $53.8 billion.
The full year’s operating profit margin for 2020 was 10.9%.
2019 fourth quarter profit-per-share was $1.97. The profit-per-share figure decreased to $1.42 for the fourth quarter of 2020, marking a 28% difference.
