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| Caterpillar Announces 1-Q Results for 2006 Caterpillar Inc. reported record first quarter 2006 sales and revenues of $9.392 billion and record first-quarter profit of $840 million. Sales and revenues increased 13 percent, and profit per share was up 48 percent compared with the first quarter of 2005. Sales and revenues increased $1.053 billion from the first quarter a year ago. Of the increase, $587 million was from improved price realization, $511 million was due to higher sales volume and $99 million was from higher Financial Products revenues. The effect of currency on sales was negative $144 million, primarily due to a weaker Euro. First-quarter profit increased $259 million, from first quarter 2005. Caterpillar's first-quarter operating cash flow was $527 million, an increase of $348 million compared with the first quarter of 2005. write your comments about the article :: © 2006 Construction News :: home page |