By Paulo Trevisani


Caterpillar Inc. said Thursday its third-quarter sales growth included a negative currency impact related to the euro, the yen and the Australian dollar.

The Irving, Texas equipment maker reported third-quarter total sales and revenue of $15 billion, a 21% increase from a year earlier.

The company reported favorable FX impact in "other income."

It said other income grew to $242 million in the quarter, from $225 million a year earlier, adding that the change "was primarily driven by favorable impacts from foreign-currency exchange and higher investment and interest income."

The U.S. dollar has strengthened 27% versus the yen this year, 14% versus the euro and 12% versus the Australian dollar. It is widely expected to remain strong for as long as the U.S. Federal Reserve keeps raising interest rates.


Write to Paulo Trevisani at


(END) Dow Jones Newswires

October 27, 2022 11:50 ET (15:50 GMT)

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