Caterpillar Inc. (NYSE: CAT) reported second quarter 2023 earnings results today.
Total sales and revenues increased 22% year-over-year to $17.3 billion, helped by higher sales volume and favorable price realization.
Profit totaled $2.9 billion, or $5.67 per share, compared to $1.6 billion, or $3.13 per share, last year. Adjusted EPS was $5.55.
The company returned $2 billion to shareholders through share repurchases and dividends in the quarter.