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Tag: Cat sales
Construction Equipment
Despite big drop in equipment sales, Cat 3Q earnings beat expectations
Blaming lower end-user demand for equipment and services, Caterpillar reported 3Q sales and revenues decreased by 23% compared to the same period last year. Sales and revenues decreased from $12.8 billion in 2019 to $9.9 billion in 3Q 2020. Cat also cited a dealer decrease in inventories as a reason for the double-digit decrease. The […]
October 27, 2020
Dealers
Cat sales, revenues down 31% in Q2
Caterpillar has reported second-quarter 2020 sales and revenues of $10.0 billion, a 31 percent decrease compared with $14.4 billion in the second quarter of 2019. The company says the decline was due to lower sales volume driven by lower end-user demand and the impact from changes in dealer inventories. Dealers decreased machine and engine inventories […]
August 3, 2020
Construction Equipment
Cat 1Q sales, revenues take 21% dive
Caterpillar 1Q sales and revenues took a 21 percent dive, with the firm reporting $10.6 billion versus $13.5 billion for 1Q 2019. “The decline was due to lower sales volume driven by lower end-user demand and the impact from changes in dealer inventories,” says Cat, reporting that dealers increased machine and engine inventories by about […]
April 29, 2020
Dealers
Cat sales drop 8% in 4Q 2019; company expects difficulties to continue in 2020
Caterpillar saw sales and revenues drop 8 percent during the fourth quarter of fiscal year 2019 on lower demand from customers than the company expected. Though lead times on new machines have improved, falling dealer inventories are hurting the company’s bottom line and are expected to continue doing so into 2020. Fourth quarter sales fell […]
February 3, 2020
Dealers
Cat sales drop 6% in 3Q as global demand fails to meet expectations
It was a tough third quarter for Caterpillar as the company is reporting a 6-percent decrease in sales and revenues compared to the same quarter of 2018. In response, the company has lowered its outlook for the rest of 2019. Sales and revenues fell to $12.8 billion for the third quarter while profit per share […]
October 25, 2019
Dealers
Cat 2Q North American sales & revenues grow 28%; total numbers show 3% growth
Caterpillar says it saw a 3-percent increase in sales and revenues in the second quarter compared to the same period last year, for an increase of $400 million. In North America, the company’s Construction Industries segment grew 28 percent in sales and revenue in 2Q compared with the same period last year. Resource Industries in […]
July 24, 2019
Construction Equipment
Cat sales jump 20% in 2018: Record profit per share, but stock dives
Despite the good news, Caterpillar also saw a 9% plummet in its stock on Monday, January 28, 2019. Get the latest news from Caterpillar on Equipment World.
February 3, 2019
Dealers
Cat Nov. dealer retail sales up 20% in North America
Retail sales reported by Caterpillar's North American dealers were up 20% in the month of November. Check out the latest retail numbers on Equipment World.
December 24, 2018
Dealers
Business Roundup: Cat Financial revenues up in 2Q; Terex sales up 19%; Manitou sees 17% growth in first half; Mitchell Tractor newest Takeuchi dealer; Metso adds Yancey Bros.
Equipment World makes it easy for you to stay up-to-date with the latest business news from Metso, Takeuchi, Manitou Group, Terex, & CAT Financial.
August 7, 2018
Dealers
Equipment Roundup: Wacker Neuson unveils first fully-electric excavator; GMC Sierra AT4 is off-road luxury; Ditch Witch partners with Vacuworx; The top financed excavator brands of 2017; Vögele debuts at Intermat
Vögele debuts revamped Big MultiPlex Ski, new technology at Intermat At Intermat, Road paver manufacturer Vögele is showcasing its latest generation of sensors for grade and slope control. Whether on their own or in combination with the new Big MultiPlex Ski, they deliver optimal results in asphalt paving, the company says. From narrow radii when […]
April 30, 2018
Dealers
Cat North American dealers report 23% increase in Dec. sales
Total retail sales by Caterpillar North American dealers rose a whopping 23 percent in December compared to the prior year, nearly doubling a strong 12 percent increase in November. December is now the eighth straight month of total 2017 North American retail sales gains for Caterpillar dealers, starting with modest 1 to 4 percent gains […]
January 29, 2018
Construction Equipment
Caterpillar sales jump 18% in 2017 with 4Q surge
Caterpillar announced its fourth quarter and full-year 2017 sales Thursday, reporting a 35-percent increase in sales for the quarter and an 18-percent increase in sales for the year. Cat’s 4Q sales climbed from $9.6 billion a year ago to $12.9 billion in 2017. Despite the strong sales, the company still posted a loss per share […]
January 25, 2018
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