Cat leaps again

A RECORD second quarter profit, a raised full-year outlook and end-markets staying strong. Looks like things have stayed on track for the world’s largest mining equipment maker.

Cat leaps again Cat leaps again Cat leaps again Cat leaps again Cat leaps again

Caterpillar is pushing ahead with another strong quarter.

Caterpillar has announced second quarter 2018 sales and revenues of US$14 ($A18.8) billion, 24% up on the $11.3 billion in the second quarter of 2017.

Of course those figures take in more than just the mining business. In the second quarter Caterpillar's construction business was the sales and revenue leader at $6.2 billion, followed by Energy & Transport at $5.7 billion and then Resource Industries with $2.5 billion.

However, when it comes to profit by segment Resources Industries showed the biggest growth by far year on year. Its second quarter 2018 profit was $411 million, more than four times its $99 million in the second quarter of 2017.

The division's $2.5 billion total sales were an increase of $690 million on the second quarter of 2017, thanks larg...