They remained disciplined and concentrated on maintaining control of our structural costs, which helped to achieve an operating profit margin of 10.9%. In 2020 the Caterpillars revenue decline to $41.7 billion from $53.8 billion in 2019. These products and services, backed by their global dealer network, provide exceptional value to help their customers succeed. Caterpillar delivered solid operational performance despite a 22% decline in sales and revenues for the financial year 2020. Throughout the product life cycle, they provide services built on cutting-edge technology and decades of product expertise. Since 1925 the company have been driving sustainable progress and helping customers build a better world through innovative products and services. The company also offers financing and related services through their financial product segments. They do business on every continent through three primary segments Construction Industries, Resource Industries, and Energy & Transportation. is the world’s largest construction equipment manufacturer headquartered in Deerfield, Illinois, the U.S, founded in 1925.
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