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Caterpillar had a stellar 2023. Here’s why all signs point to another strong year

CAL Fire D6N XL bulldozer excavating fire breaks during joint operations on Camp Pendleton, California, April 30, 2018. Image courtesy Pfc. Drake Nickels / Marine Corps Installations West – Marine Corps Base Camp Pendleton. (Photo by Smith Collection/Gado/Getty Images)

Smith Collection/gado | Archive Photos | Getty Images

Caterpillar outperformed a lackluster industrial sector and kept pace with last year’s strong market. We expect more of the same in 2024 as government infrastructure spending ramps up in what’s expected to be a lower interest-rate environment.


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