Caterpillar defies concerns for construction slowdown with better-than-expected profits

Heavy machinery giant reported adjusted second-quarter earnings and revenue that beat analysts' expectations as demand surged from the construction, mining and energy sectors

The Texas-based company is one of the world’s biggest producers of heavy machinery.

Caterpillar shook off concerns of a global slowdown in economic activity, posting profit that exceeded analysts' expectations amid resilient demand for the company’s iconic yellow machinery across all its major business segments.

The Texas-based company is one of the world’s biggest producers of heavy machinery, with its yellow bulldozers, excavators and trucks dotting construction sites, mines and oil fields across the globe.