{"id":1920024,"date":"2023-04-27T09:58:02","date_gmt":"2023-04-27T13:58:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/caterpillars-q1-profit-rises-on-resilient-demand-pricing\/"},"modified":"2023-04-27T09:58:51","modified_gmt":"2023-04-27T13:58:51","slug":"caterpillars-q1-profit-rises-on-resilient-demand-pricing","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/caterpillars-q1-profit-rises-on-resilient-demand-pricing\/","title":{"rendered":"Caterpillar\u2019s Q1 profit rises on resilient demand, pricing"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcaterpillars-q1-profit-rises-on-resilient-demand-pricing%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1920024&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Caterpillar Inc Reports Rise in Q1 Profit Thanks to US Infrastructure Spending<\/h2>\n<p>Heavy machinery manufacturer Caterpillar Inc has announced a rise in Q1 profit, thanks to a boost in US infrastructure spending. The Biden administration&#8217;s infrastructure legislation encouraged spending in the construction sector, leading to increased demand for Caterpillar&#8217;s excavators, bulldozers, and trucks. Additionally, the company&#8217;s energy customers placed more orders for parts and engines as drilling activities surged with higher oil and gas prices. Despite ongoing supply challenges and higher material and freight costs, Caterpillar&#8217;s healthy demand and strong pricing helped it navigate these obstacles. As a result, the company&#8217;s sales and revenue for the quarter through March 31 rose to $15.9 billion from $13.6 billion a year ago, and adjusted profit rose to $4.91 per share from $2.88 a year earlier. Shares of the company rose 1.8% in premarket trade.<\/p>\n<h3>Other Business News:<\/h3>\n<ul>\n<li>Kevin McCarthy puts the ball in Joe Biden&#8217;s court, as the House passes a Debt Ceiling Resolution.<\/li>\n<li>The European Commission proposed rules on Thursday to govern patents increasingly in demand for technologies used&#8230;<\/li>\n<li>Mobileye Global Inc lowers its forecast for annual revenue, hurt by increasing competition from start-ups as well as&#8230;<\/li>\n<li>Indian IT services provider Wipro Ltd reports a dip in quarterly profit amid a turbulent macro-economic environment&#8230;<\/li>\n<li>Russian tech giant Yandex reports a 54% jump in Q1 revenue to 163.3 billion roubles ($2 billion) and a&#8230;<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) \u2013 Heavy machinery maker Caterpillar Inc on Thursday reported a rise in first-quarter profit as a boost in U.S. infrastructure spending kept its order books full and softened the hit from higher manufacturing costs. The Biden administration\u2019s infrastructure legislation encouraged spending in the construction sector, spurring demand for the machinery maker\u2019s excavators, bulldozers and<\/p>\n","protected":false},"author":66,"featured_media":1920026,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[25278,4368,18019,7116,8039,12396],"class_list":["post-1920024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-caterpillars","tag-demand","tag-pricing","tag-profit","tag-resilient","tag-rises"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1920024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1920024"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1920024\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1920026"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1920024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1920024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1920024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}