Caterpillar dealer sales fall 4% in fiscal Q1

|  February 25, 2013 |

caterpillar logoCaterpillar recently reported that it saw worldwide dealer sales fall 4 percent in the three months ending January 31.

According to a Securites and Exchange Report reviewed by the Chicago Tribune, the company saw sales decline 11 percent in North America and 12 percent in the Asia/Pacific Region. Sales in Latin America were up 3 percent while sales in Europe, Africa and the Middle East rose 1 percent.

The company has said it expects dealers to cut inventory by $1 billion this year which would decrease sales by $2 billion. Caterpillar began slowing production last year as dealer orders decreased.

Recently, the company reported record sales, revenues and profits in 2012. However, the outlook in that report contained a great deal of caution for 2013. The company expects to see profit per share of $7.00 to $9.00 on sales and revenues within a range of $60 billion to $68 billion.

Caterpillar Chairman and Chief Executive Officer Doug Oberhelman said he expects a weaker first half of 2013 when compared to 2012, but hopes for a stronger second half.

Do you want some tips to stay safe on the job site?

Equipment World has created an entire section devoted to safety.

Click here to check it out. »


Here are the most recent tips we've posted:

Hauling headaches: Know your load limits when trailering equipment

One-man machines: The operator should be the only person on a wheel loader