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AP National Business

Caterpillar sales rise in 1Q on continued equipment demand

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Published 6:02 AM

By MICHELLE CHAPMAN
AP Business Writer

Caterpillar’s first-quarter sales climbed as construction equipment demand continues to surge even though supply chain challenges still plague most industries. Sales rose 14% to $13.59 billion, topping the $13.5 billion that analysts surveyed by Zacks Investment Research were looking for. Aside from improved demand for equipment, Caterpillar said higher prices also helped its results.

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