By Bianca Flowers and Aishwarya Nair (Reuters) – Caterpillar Inc’s fourth-quarter earnings slid by 29%, the company reported on Tuesday, citing higher manufacturing costs and foreign currency effects that weighed on the industrial bellwether’s margins. The machinery maker has a robust $30 billion order backlog, but like other manufacturers it continues to grapple with supply […]
Caterpillar profit slides as costs and forex squeeze margins, shares down
Reuters | January 31, 2023