Caterpillar Reports Favorable Currency Impact on 2Q Sales -- Currency Comment

By Paulo Trevisani

Currency fluctuations had a favorable impact on second quarter sales, Caterpillar Inc. said Friday.

The Deerfield, Ill. maker of heavy machinery reported sales and revenues of $12.9 billion, a 29% increase from a year earlier.

Caterpillar said the increase was driven by higher sales volume, while citing favorable currency impacts related to the Australian dollar, euro and Chinese yuan.

Over the second quarter, the greenback weakened 1% versus the euro and 1.5% versus the yuan, while strengthening 1.3% against the Australian dollar, according to Dow Jones Market Data.

Write to Paulo Trevisani at [e-mail]

(END) Dow Jones Newswires

07-30-21 1104ET