Right before CONEXPO 2023, Caterpillar workers unanimously agreed on a six year contract with the equipment manufacturer. Negotiations for this contract started in January, and have come to a tentative close to avoid a labor strike.
What's in this contract?
If you own Caterpillar stock, three words, GOOD... FOR... YOU.
Industry analysts say high demand and unexpected increases in dealer restocking led to a 14% increase in sales and revenue in the first quarter of 2022 for heavy construction machine giant
The company announced sales and revenue of $13.6 billion for Q1 2022 compared to $11.9 billion in the same period of 2021. It marked the fifth consecutive quarter of increased sales.
