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* A reconciliation of adjusted profit per share to U.S. GAAP can be found in our 2021 10-K filing, which is available on our website at www.caterpillar.com/investors.
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End-Market Highlights
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Highlights and Market Dynamics
- Double-digit growth across all regions in 2021
- Strong demand from residential construction in North America
- Growing infrastructure spending in key regions
- Investment continued in expanded offerings to deliver differentiated customer solutions such as our XE, GC and GX models
- Growth in services driven by customer-focused solutions such as Customer Value Agreements, Prioritized Service Events and customized repair and rebuild offerings
- Expansion of Cat Command technologies to hydraulic excavators and medium dozers, providing customers with enhanced safety and greater productivity by allowing operators to quickly and easily switch between machines
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Highlights and Market Dynamics
- Double-digit growth across all regions in 2021
- Strong commodity pricing and the average fleet age drove mining demand
- Strong demand in heavy construction and quarry and aggregates
- Collaboration agreements signed with customers to support their sustainability objectives; including zero-exhaust emissions machines enabled by key technologies such as electrification and automation
- Deployment of the world’s first fully autonomous water truck
- Growth in services through solutions such as Caterpillar Mining Performance Solutions (MPS), which uses data to drive performance gain
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Highlights and Market Dynamics
- Demand increased across all applications, including double-digit growth in Industrial and Oil & Gas
- Services growth continued to be a focus, including the strategic acquisition of Weir Oil & Gas
- Availability of designed-to-order generator sets capable of operating 100% on hydrogen
- Acquisition of CarbonPoint Solutions, which added carbon capture capability to our oil & gas and electric power solutions
- Key collaboration agreements announced with Microsoft and Ballard to explore hydrogen fuel cell backup power for data centers and with Chevron and BNSF to explore hydrogen fuel cell power for line-haul locomotives
*Includes inter-segment sales
