Komatsu’s third-quarter sales grew 5.6% in the final three months of 2023 to about $6.5 billion, compared to the same period in 2022. The company’s 2023 fiscal year ends in March.
Equipment sales for the Japanese manufacturer totaled about $6.2 billion, up 6.3% over Q3 2022. The company cited improved prices and favorable exchange rates as spurring the growth in sales. Profit for the segment was up 22.2% over Q3 2022.
North American sales grew to about $1.7 billion in the quarter, up 30.3% from Q3 2022, excluding the effects of exchange rates.
Year to date, Komatsu sales were about $18.7 billion, up 10.1% from the previous year.
About the Author
Rod Sutton
Sutton served as the editorial lead of Construction Equipment from 2001 through 2025.
Sign up for our eNewsletters
Get the latest news and updates